nCino Inc. $NCNO Stock Holdings Lessened by Long Path Partners LP

Key Points

• Long Path Partners LP reduced its holdings in nCino Inc. by 9.1% in the first quarter, now owning about 2.97 million shares, which constitutes 31.6% of its portfolio.
• CEO Sean Desmond and CFO Gregory Orenstein both sold shares of nCino on August 4th, with Desmond's sale representing a 1.5% decrease in his position.
• nCino's stock has a market capitalization of $3.37 billion, with shares currently trading at $29.08, and analysts forecast moderate growth with a consensus price target of $31.13.

Long Path Partners LP lowered its position in shares of nCino Inc. (NASDAQ:NCNO - Free Report) by 9.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,972,001 shares of the company's stock after selling 297,191 shares during the period. nCino accounts for about 31.6% of Long Path Partners LP's holdings, making the stock its biggest position. Long Path Partners LP owned 2.58% of nCino worth $81,641,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NCNO. Johnson Financial Group Inc. bought a new position in nCino in the 4th quarter valued at $57,000. Covestor Ltd raised its position in shares of nCino by 27.6% in the first quarter. Covestor Ltd now owns 2,388 shares of the company's stock worth $66,000 after buying an additional 517 shares in the last quarter. First Horizon Advisors Inc. raised its position in shares of nCino by 22.5% in the first quarter. First Horizon Advisors Inc. now owns 2,924 shares of the company's stock worth $80,000 after buying an additional 538 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in nCino during the first quarter valued at $82,000. Finally, Quantbot Technologies LP bought a new stake in nCino during the first quarter valued at $102,000. Institutional investors own 94.76% of the company's stock.

Insider Buying and Selling at nCino

In related news, CEO Sean Desmond sold 9,550 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $27.45, for a total transaction of $262,147.50. Following the transaction, the chief executive officer owned 628,603 shares of the company's stock, valued at approximately $17,255,152.35. This trade represents a 1.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Gregory Orenstein sold 4,155 shares of nCino stock in a transaction on Monday, August 4th. The stock was sold at an average price of $27.45, for a total transaction of $114,054.75. Following the completion of the transaction, the chief financial officer owned 466,099 shares in the company, valued at approximately $12,794,417.55. The trade was a 0.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,603 shares of company stock worth $593,002 over the last 90 days. Company insiders own 5.70% of the company's stock.

nCino Price Performance

Shares of nCino stock opened at $29.08 on Monday. The firm has a market capitalization of $3.37 billion, a PE ratio of -111.85, a price-to-earnings-growth ratio of 28.97 and a beta of 0.77. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.24. nCino Inc. has a 12 month low of $18.75 and a 12 month high of $43.20. The business's 50-day moving average price is $28.32 and its 200-day moving average price is $27.45.

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on NCNO shares. Raymond James Financial restated an "outperform" rating and issued a $35.00 target price (up from $32.00) on shares of nCino in a research note on Tuesday, July 29th. Truist Financial boosted their price objective on nCino from $21.00 to $27.00 and gave the stock a "hold" rating in a report on Thursday, May 29th. Morgan Stanley upped their price objective on shares of nCino from $29.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 22nd. Baird R W raised shares of nCino from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 14th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of nCino from $28.00 to $33.00 and gave the company an "outperform" rating in a research report on Thursday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target 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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