Robeco Institutional Asset Management B.V. Has $8.97 Million Stock Holdings in nCino Inc. $NCNO

Key Points

• Robeco Institutional Asset Management trimmed its stake in nCino by 14.6% in Q4, selling 60,000 shares and leaving it with 350,000 shares worth about $8.97 million.
• Several Wall Street firms cut price targets (e.g., Morgan Stanley from $36 to $21) even as ratings remain largely positive; the consensus is a "Moderate Buy" with an average target of $26.07.
• nCino beat Q1 estimates with $0.37 EPS (vs. $0.21 est.) and $149.7M revenue, but profitability is thin (0.87% net margin), and insiders have sold 121,681 shares (~$2.16M) in the past 90 days.

Robeco Institutional Asset Management B.V. lessened its stake in shares of nCino Inc. (NASDAQ:NCNO - Free Report) by 14.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 350,000 shares of the company's stock after selling 60,000 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.31% of nCino worth $8,974,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Farther Finance Advisors LLC raised its stake in nCino by 186.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 948 shares of the company's stock worth $26,000 after purchasing an additional 617 shares in the last quarter. AlphaQuest LLC raised its stake in nCino by 5,022.2% in the 3rd quarter. AlphaQuest LLC now owns 1,383 shares of the company's stock worth $37,000 after purchasing an additional 1,356 shares in the last quarter. Quarry LP raised its stake in nCino by 138.2% in the 3rd quarter. Quarry LP now owns 1,701 shares of the company's stock worth $46,000 after purchasing an additional 987 shares in the last quarter. Fifth Third Bancorp raised its stake in nCino by 105.3% in the 3rd quarter. Fifth Third Bancorp now owns 1,915 shares of the company's stock worth $52,000 after purchasing an additional 982 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in nCino in the 3rd quarter worth about $65,000. Institutional investors and hedge funds own 94.76% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Morgan Stanley dropped their price objective on shares of nCino from $36.00 to $21.00 and set an "overweight" rating for the company in a research note on Monday, March 30th. Piper Sandler upgraded shares of nCino from a "neutral" rating to an "overweight" rating and dropped their price objective for the stock from $30.00 to $22.00 in a research note on Wednesday, April 1st. Keefe, Bruyette & Woods dropped their price objective on shares of nCino from $36.00 to $24.00 and set an "outperform" rating for the company in a research note on Wednesday, April 1st. Wall Street Zen upgraded shares of nCino from a "hold" rating to a "buy" rating in a research note on Saturday, April 4th. Finally, Truist Financial dropped their price objective on shares of nCino from $27.00 to $19.00 and set a "hold" rating for the company in a research note on Wednesday, April 1st. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $26.07.

nCino Price Performance

Shares of NASDAQ:NCNO opened at $18.08 on Thursday. The firm has a 50 day moving average of $16.27 and a 200-day moving average of $21.92. The stock has a market capitalization of $2.07 billion, a PE ratio of 361.60, a PEG ratio of 2.63 and a beta of 0.61. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.25. nCino Inc. has a 12 month low of $13.80 and a 12 month high of $33.92.

nCino (NASDAQ:NCNO - Get Free Report) last issued its earnings results on Tuesday, March 31st. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.21 by $0.16. The company had revenue of $149.67 million during the quarter, compared to analysts' expectations of $147.41 million. nCino had a net margin of 0.87% and a return on equity of 4.75%. The business's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.12 EPS. On average, equities research analysts predict that nCino Inc. will post 0.12 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Gregory Orenstein sold 10,562 shares of the business's stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $18.68, for a total value of $197,298.16. Following the completion of the transaction, the chief financial officer directly owned 451,184 shares in the company, valued at approximately $8,428,117.12. The trade was a 2.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider April Rieger sold 8,078 shares of the business's stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $18.68, for a total transaction of $150,897.04. Following the completion of the transaction, the insider owned 221,696 shares of the company's stock, valued at $4,141,281.28. The trade was a 3.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 121,681 shares of company stock worth $2,162,598. 5.70% of the stock is owned by company insiders.

nCino Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.