nCino Inc. $NCNO Shares Purchased by Untitled Investments LP

Key Points

• Untitled Investments LP increased its stake in nCino Inc. by 29.2%, acquiring an additional 80,390 shares and making it the 11th largest position in their portfolio.
• Analysts have raised price targets for nCino, with Keefe, Bruyette & Woods setting it at $33.00 and JMP Securities at $41.00, indicating optimism about the company's growth.
• CEO Sean Desmond sold 9,550 shares at an average price of $27.45, which represents a 1.50% decrease in his ownership, while insiders have sold a total of 564,772 shares worth over $18 million in the last quarter.

Untitled Investments LP lifted its holdings in nCino Inc. (NASDAQ:NCNO - Free Report) by 29.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 356,127 shares of the company's stock after purchasing an additional 80,390 shares during the quarter. nCino comprises about 2.8% of Untitled Investments LP's portfolio, making the stock its 11th biggest position. Untitled Investments LP owned approximately 0.31% of nCino worth $9,783,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Covestor Ltd raised its stake in nCino by 27.6% in the 1st quarter. Covestor Ltd now owns 2,388 shares of the company's stock worth $66,000 after acquiring an additional 517 shares during the last quarter. First Horizon Advisors Inc. raised its stake in nCino by 22.5% in the 1st quarter. First Horizon Advisors Inc. now owns 2,924 shares of the company's stock worth $80,000 after acquiring an additional 538 shares during the last quarter. Xponance Inc. raised its stake in nCino by 7.9% in the 1st quarter. Xponance Inc. now owns 8,954 shares of the company's stock worth $246,000 after acquiring an additional 656 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in nCino by 3.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 24,656 shares of the company's stock worth $828,000 after acquiring an additional 772 shares during the last quarter. Finally, Angeles Wealth Management LLC raised its stake in nCino by 13.4% in the 1st quarter. Angeles Wealth Management LLC now owns 7,402 shares of the company's stock worth $203,000 after acquiring an additional 877 shares during the last quarter. Hedge funds and other institutional investors own 94.76% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NCNO. Keefe, Bruyette & Woods raised their target price on nCino from $28.00 to $33.00 and gave the stock an "outperform" rating in a research note on Thursday, May 29th. Raymond James Financial raised their target price on nCino from $35.00 to $36.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 27th. Truist Financial raised their target price on nCino from $27.00 to $32.00 and gave the stock a "hold" rating in a research note on Wednesday, August 27th. JMP Securities lifted their price objective on nCino from $35.00 to $41.00 and gave the company a "market outperform" rating in a research note on Wednesday, August 27th. Finally, JPMorgan Chase & Co. started coverage on nCino in a research note on Wednesday, June 18th. They set a "neutral" rating and a $30.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $33.94.

Insider Buying and Selling

In related news, CEO Sean Desmond sold 9,550 shares of nCino stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $27.45, for a total value of $262,147.50. Following the sale, the chief executive officer directly owned 628,603 shares in the company, valued at approximately $17,255,152.35. The trade was a 1.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jeff Horing sold 282,367 shares of nCino stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $32.23, for a total value of $9,100,688.41. Following the completion of the sale, the director owned 3,915,422 shares in the company, valued at approximately $126,194,051.06. The trade was a 6.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 564,772 shares of company stock worth $18,159,324 in the last quarter. 5.70% of the stock is owned by insiders.

nCino Price Performance

Shares of nCino stock opened at $30.40 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. nCino Inc. has a twelve month low of $18.75 and a twelve month high of $43.20. The business has a 50-day moving average price of $29.13 and a 200 day moving average price of $27.31. The firm has a market cap of $3.52 billion, a PE ratio of -104.83, a P/E/G ratio of 20.05 and a beta of 0.71.

nCino (NASDAQ:NCNO - Get Free Report) last announced its quarterly earnings results on Tuesday, August 26th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.08. nCino had a positive return on equity of 1.18% and a negative net margin of 5.86%.The firm had revenue of $148.82 million during the quarter, compared to analyst estimates of $143.17 million. During the same quarter in the previous year, the business earned $0.14 EPS. nCino's revenue for the quarter was up 12.4% compared to the same quarter last year. nCino has set its FY 2026 guidance at 0.770-0.800 EPS. Q3 2026 guidance at 0.200-0.21 EPS. Sell-side analysts predict that nCino Inc. will post 0.12 earnings per share for the current fiscal year.

About nCino

nCino, Inc, a software-as-a-service company, provides cloud-based software applications to financial institutions in the United States and internationally. Its nCino Bank Operating System connects financial institution employees, clients and third parties on a single cloud-based platform which include client onboarding, deposit account opening, loan origination, end-to-end mortgage suite, and powerful ecosystem.

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