nCino Inc. $NCNO Shares Sold by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. reduced its stake in nCino Inc. by 19.2%, selling 224,850 shares, and now holds approximately 0.82% of the company valued at $26 million.
• Insider transactions included Director Pierre Naude selling 4,659 shares and CEO Sean Desmond selling 9,550 shares, both at an average price of $27.45.
• nCino reported a quarterly revenue of $144.14 million, exceeding estimates, and is projected to achieve 0.12 EPS for the current fiscal year.

Raymond James Financial Inc. reduced its position in nCino Inc. (NASDAQ:NCNO - Free Report) by 19.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 946,491 shares of the company's stock after selling 224,850 shares during the period. Raymond James Financial Inc. owned approximately 0.82% of nCino worth $26,000,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Johnson Financial Group Inc. acquired a new position in shares of nCino in the 4th quarter valued at about $57,000. Covestor Ltd lifted its stake in shares of nCino by 27.6% in the 1st quarter. Covestor Ltd now owns 2,388 shares of the company's stock valued at $66,000 after purchasing an additional 517 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in shares of nCino by 22.5% in the 1st quarter. First Horizon Advisors Inc. now owns 2,924 shares of the company's stock valued at $80,000 after purchasing an additional 538 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of nCino in the 1st quarter valued at about $82,000. Finally, Asset Management One Co. Ltd. lifted its stake in shares of nCino by 63.1% in the 1st quarter. Asset Management One Co. Ltd. now owns 3,718 shares of the company's stock valued at $102,000 after purchasing an additional 1,439 shares in the last quarter. 94.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other nCino news, Director Pierre Naude sold 4,659 shares of nCino stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $27.45, for a total transaction of $127,889.55. Following the sale, the director directly owned 1,192,461 shares in the company, valued at $32,733,054.45. The trade was a 0.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sean Desmond sold 9,550 shares of nCino stock in a transaction that occurred on 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 owned 628,603 shares in the company, valued at $17,255,152.35. This represents a 1.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,603 shares of company stock valued at $593,002 over the last 90 days. 5.70% of the stock is owned by company insiders.

nCino Price Performance

NCNO stock opened at $28.37 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.24. nCino Inc. has a 52-week low of $18.75 and a 52-week high of $43.20. The stock's 50 day moving average is $28.35 and its two-hundred day moving average is $27.42. The company has a market capitalization of $3.29 billion, a PE ratio of -109.12, a P/E/G ratio of 28.97 and a beta of 0.77.

nCino (NASDAQ:NCNO - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. nCino had a positive return on equity of 0.19% and a negative net margin of 5.27%.The company had revenue of $144.14 million for the quarter, compared to the consensus estimate of $139.77 million. During the same period in the previous year, the business earned $0.19 EPS. nCino's revenue for the quarter was up 12.5% compared to the same quarter last year. nCino has set its Q2 2026 guidance at 0.130-0.140 EPS. FY 2026 guidance at 0.690-0.720 EPS. Analysts predict that nCino Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on NCNO. Truist Financial lifted their price objective on nCino from $21.00 to $27.00 and gave the company a "hold" rating in a research note on Thursday, May 29th. Morgan Stanley boosted their price target on nCino from $29.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 22nd. Keefe, Bruyette & Woods boosted their price target on nCino from $28.00 to $33.00 and gave the stock an "outperform" rating in a research report on Thursday, May 29th. Raymond James Financial reissued an "outperform" rating and set a $35.00 price target (up from $32.00) on shares of nCino in a research report on Tuesday, July 29th. Finally, Citigroup reissued an "outperform" rating on shares of nCino in a research report on Monday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, nCino currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.13.

nCino Company Profile

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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