Pembroke Management LTD Has $18.79 Million Stock Position in nCino Inc. $NCNO

Key Points

• Pembroke Management LTD increased its stake in nCino Inc. by 19.1% during Q1, acquiring an additional 109,916 shares, now holding a total of 684,008 shares, making it approximately 2.8% of their portfolio.
• Several research firms raised their price targets for nCino, with Needham & Company and Barclays increasing targets to $38 and $37 respectively, while the consensus rating remains a "Moderate Buy".
• Insider trading activity has seen multiple executives, including CFO Gregory Orenstein, sell shares at an average price of $27.45, which has resulted in a combined total of approximately $593,002 in shares sold over the last 90 days.

Pembroke Management LTD boosted its stake in shares of nCino Inc. (NASDAQ:NCNO - Free Report) by 19.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 684,008 shares of the company's stock after acquiring an additional 109,916 shares during the period. nCino accounts for 2.8% of Pembroke Management LTD's portfolio, making the stock its 14th largest holding. Pembroke Management LTD owned approximately 0.59% of nCino worth $18,790,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in nCino by 6.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,606,549 shares of the company's stock worth $53,948,000 after buying an additional 99,502 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of nCino by 549.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,013 shares of the company's stock valued at $370,000 after acquiring an additional 9,316 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of nCino by 10.5% in 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 during the period. The Manufacturers Life Insurance Company boosted its position in shares of 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 buying an additional 772 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in nCino by 14.1% in the 4th quarter. Northern Trust Corp now owns 612,902 shares of the company's stock valued at $20,581,000 after purchasing an additional 75,592 shares in the last quarter. 94.76% of the stock is owned by hedge funds and other institutional investors.

nCino Trading Down 3.2%

Shares of NCNO traded down $1.03 on Tuesday, hitting $31.08. 2,283,846 shares of the stock traded hands, compared to its average volume of 1,781,243. nCino Inc. has a 1 year low of $18.75 and a 1 year high of $43.20. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $3.60 billion, a P/E ratio of -107.17, a P/E/G ratio of 25.71 and a beta of 0.71. The stock's 50 day moving average is $28.83 and its two-hundred day moving average is $27.34.

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

Analyst Ratings Changes

Several brokerages have weighed in on NCNO. UBS Group reaffirmed a "neutral" rating on shares of nCino in a research report on Wednesday, August 27th. Truist Financial lifted their price objective on nCino from $27.00 to $32.00 and gave the company a "hold" rating in a report on Wednesday, August 27th. Robert W. Baird raised their price objective on nCino from $38.00 to $40.00 and gave the company an "outperform" rating in a research note on Wednesday, August 27th. Raymond James Financial lifted their target price on nCino from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Wednesday, August 27th. Finally, Needham & Company LLC upped their target price on nCino from $33.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $33.94.

Insider Buying and Selling

In other news, CEO Sean Desmond sold 9,550 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 value of $262,147.50. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Pierre Naude sold 4,659 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 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. This represents a 0.39% 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 worth $593,002 over the last three months. Company insiders own 5.70% of the company's stock.

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.