Nuveen LLC Purchases New Position in nCino Inc. $NCNO

Key Points

• Nuveen LLC has taken a new position in nCino Inc., acquiring 283,572 shares valued at approximately $7.79 million, representing 0.25% of the company's stock.
• Recent analyst reports show a positive outlook for nCino, with recommendations ranging from "Market Outperform" to "Overweight," and a consensus price target of $31.13.
• nCino Inc. reported a 12.5% year-over-year revenue growth, with Q1 revenue of $144.14 million and earnings per share of $0.16, meeting consensus estimates.

Nuveen LLC acquired a new stake in nCino Inc. (NASDAQ:NCNO - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 283,572 shares of the company's stock, valued at approximately $7,790,000. Nuveen LLC owned approximately 0.25% of nCino as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NCNO. Dimensional Fund Advisors LP increased its holdings in nCino by 6.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,606,549 shares of the company's stock valued at $53,948,000 after buying an additional 99,502 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in nCino by 549.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,013 shares of the company's stock valued at $370,000 after purchasing an additional 9,316 shares in the last quarter. Dark Forest Capital Management LP purchased a new position in nCino during the fourth quarter valued at $306,000. Price T Rowe Associates Inc. MD lifted its holdings in nCino by 10.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 93,588 shares of the company's stock valued at $3,144,000 after purchasing an additional 8,917 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in nCino during the fourth quarter valued at $2,551,000. Hedge funds and other institutional investors own 94.76% of the company's stock.

nCino Trading Down 1.8%

Shares of NASDAQ NCNO traded down $0.59 during mid-day trading on Thursday, reaching $32.10. 3,097,730 shares of the company's stock were exchanged, compared to its average volume of 1,779,561. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of -110.69, a PEG ratio of 28.58 and a beta of 0.77. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.05 and a current ratio of 1.05. nCino Inc. has a 52-week low of $18.75 and a 52-week high of $43.20. The company's 50-day moving average is $28.50 and its 200-day moving average is $27.46.

nCino (NASDAQ:NCNO - Get Free Report) last released its quarterly earnings results on Tuesday, August 26th. The company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.08. The business had revenue of $148.82 million during the quarter, compared to analysts' expectations of $143.17 million. nCino had a positive return on equity of 1.17% and a negative net margin of 5.86%.The company's revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.14 EPS. nCino has set its FY 2026 guidance at 0.770-0.800 EPS. Q3 2026 guidance at 0.200-0.21 EPS. Analysts expect that nCino Inc. will post 0.12 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Baird R W raised shares of nCino from a "hold" rating to a "strong-buy" rating in a report on Monday, July 14th. JPMorgan Chase & Co. began coverage on shares of nCino in a report on Wednesday, June 18th. They set a "neutral" rating and a $30.00 price objective on the stock. Piper Sandler upped their target price on shares of nCino from $28.00 to $34.00 and gave the stock a "neutral" rating in a report on Wednesday. Morgan Stanley upped their target price on shares of nCino from $33.00 to $35.00 and gave the stock an "equal weight" rating in a report on Wednesday. Finally, Needham & Company LLC upped their target price on shares of nCino from $33.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, nCino currently has a consensus rating of "Moderate Buy" and an average target price of $33.94.

Insider Transactions at nCino

In related news, Director Pierre Naude sold 4,659 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $27.45, for a total value of $127,889.55. Following the sale, the director owned 1,192,461 shares in the company, valued at approximately $32,733,054.45. The trade was a 0.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider April Rieger sold 3,028 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $27.45, for a total value of $83,118.60. Following the completion of the sale, the insider owned 240,523 shares in the company, valued at $6,602,356.35. This represents a 1.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,603 shares of company stock worth $593,002 over the last quarter. 5.70% of the stock is owned by corporate insiders.

nCino 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.