Palisade Capital Management LP Purchases Shares of 211,835 nCino Inc. $NCNO

Key Points

• Palisade Capital Management purchased 211,835 nCino shares worth approximately $3.46 million, creating a new stake of about 0.19%. Institutional investors collectively own 94.76% of the company.
• nCino reported fiscal second-quarter revenue of roughly $161 million, up 8.2% year over year, and authorized an additional $100 million stock-repurchase program. Management also cited repeat purchases of its agentic AI products by banks, though earnings results were mixed depending on the measure used.
• Analysts maintain a generally positive outlook, with nCino carrying a consensus “Moderate Buy” rating and a $25.50 price target versus a share price of about $20.81. Recent insider sales were disclosed as transactions to cover tax withholding obligations related to equity awards.

Palisade Capital Management LP purchased a new stake in shares of nCino Inc. (NASDAQ:NCNO - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 211,835 shares of the company's stock, valued at approximately $3,464,000. Palisade Capital Management LP owned approximately 0.19% of nCino as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of NCNO. Farther Finance Advisors LLC boosted its position in nCino by 76.2% in the 4th quarter. Farther Finance Advisors LLC now owns 1,670 shares of the company's stock valued at $43,000 after buying an additional 722 shares during the period. Captrust Financial Advisors grew its holdings in nCino by 1.2% in the third quarter. Captrust Financial Advisors now owns 62,747 shares of the company's stock worth $1,701,000 after purchasing an additional 743 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in nCino by 14.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,958 shares of the company's stock worth $153,000 after buying an additional 765 shares during the last quarter. CWM LLC increased its holdings in shares of nCino by 255.8% during the fourth quarter. CWM LLC now owns 1,142 shares of the company's stock valued at $29,000 after acquiring an additional 821 shares in the last quarter. Finally, Quarry LP increased its stake in nCino by 138.2% during the 3rd quarter. Quarry LP now owns 1,701 shares of the company's stock valued at $46,000 after purchasing an additional 987 shares in the last quarter. Institutional investors own 94.76% of the company's stock.

nCino News Summary

Here are the key news stories impacting nCino this week:

• Positive Sentiment: nCino reported second-quarter fiscal 2027 revenue of approximately $161 million, up 8.2% year over year and ahead of analyst expectations near $159 million. The company also authorized an additional $100 million stock repurchase program, which could support per-share value and signal management confidence. nCino Reports Second Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: Management said banks that initially adopted nCino’s agentic AI products have consumed their initial credit bundles and returned to purchase more. This suggests customer usage and monetization of AI agents are gaining traction, potentially creating an additional growth avenue beyond the core banking platform. Banks Double Down on nCino AI Agents After Using Initial Credits
• Neutral Sentiment: nCino guided for third-quarter fiscal 2027 revenue of $161.3 million to $163.3 million and full-year revenue of $644 million to $647 million. Both ranges are broadly in line with consensus estimates, offering limited evidence of a major near-term forecast upgrade. nCino Q2 2027 Earnings Call Transcript
• Negative Sentiment: Reported earnings were mixed. One data source listed EPS at $0.05, well below a $0.27 consensus estimate, while Zacks reported adjusted EPS of $0.30 versus expectations of $0.28. The discrepancy may reflect different earnings measures, but the reported GAAP miss can weigh on investor sentiment and raises questions about profitability quality. nCino Tops Q2 Earnings and Revenue Estimates

Analysts Set New Price Targets

NCNO has been the subject of a number of recent research reports. Zacks Research lowered nCino from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Keefe, Bruyette & Woods reissued an "outperform" rating on shares of nCino in a report on Wednesday, June 24th. Needham & Company LLC reiterated a "buy" rating and issued a $25.00 price objective on shares of nCino in a report on Thursday, May 28th. JPMorgan Chase & Co. boosted their price target on shares of nCino from $16.00 to $17.00 and gave the company a "neutral" rating in a research report on Monday, June 22nd. Finally, Piper Sandler began coverage on nCino in a research note on Monday. They set an "overweight" rating and a $25.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, nCino presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.50.

Insider Buying and Selling at nCino

In related news, CFO Gregory Orenstein sold 11,780 shares of nCino stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $19.22, for a total transaction of $226,411.60. Following the completion of the sale, the chief financial officer owned 690,513 shares in the company, valued at approximately $13,271,659.86. This trade represents a 1.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Pierre Naude sold 4,677 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $19.22, for a total value of $89,891.94. Following the transaction, the director owned 1,116,707 shares in the company, valued at $21,463,108.54. This trade represents a 0.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 83,350 shares of company stock worth $1,568,144. Company insiders own 1.90% of the company's stock.

nCino Stock Down 0.7%

NCNO stock opened at $20.81 on Wednesday. nCino Inc. has a 12 month low of $13.80 and a 12 month high of $33.92. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 173.42 and a beta of 0.66. The company has a fifty day moving average price of $17.90 and a 200 day moving average price of $16.87. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.89 and a quick ratio of 0.89.

About nCino

nCino, Inc provides a cloud-based banking operating system designed to modernize and streamline processes for financial institutions. Built on a software-as-a-service (SaaS) model, the nCino Bank Operating System integrates key banking functions into a unified platform, enabling banks and credit unions to enhance efficiency, reduce risk and improve customer experiences.

Founded in 2012 as a spinoff from Live Oak Bank, nCino launched its flagship offering to address the needs of commercial and retail lenders seeking to replace legacy systems.

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