Select Equity Group L.P. Purchases 211,665 Shares of nCino Inc. $NCNO

Select Equity Group L.P. lifted its stake in shares of nCino Inc. (NASDAQ:NCNO - Free Report) by 395.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 265,211 shares of the company's stock after purchasing an additional 211,665 shares during the quarter. Select Equity Group L.P. owned 0.23% of nCino worth $7,285,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of nCino by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 11,666,955 shares of the company's stock valued at $320,491,000 after purchasing an additional 836,182 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in shares of nCino by 50.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,867,463 shares of the company's stock valued at $133,710,000 after purchasing an additional 1,626,446 shares during the period. Soma Equity Partners LP raised its stake in shares of nCino by 5.7% during the 4th quarter. Soma Equity Partners LP now owns 2,917,681 shares of the company's stock valued at $97,976,000 after purchasing an additional 156,238 shares during the period. Invesco Ltd. raised its stake in shares of nCino by 3.6% during the 1st quarter. Invesco Ltd. now owns 2,697,437 shares of the company's stock valued at $74,099,000 after purchasing an additional 94,940 shares during the period. Finally, Conestoga Capital Advisors LLC raised its stake in shares of nCino by 2.9% during the 1st quarter. Conestoga Capital Advisors LLC now owns 2,153,285 shares of the company's stock valued at $59,151,000 after purchasing an additional 61,090 shares during the period. 94.76% of the stock is currently owned by institutional investors.

nCino Trading Down 1.2%

NASDAQ NCNO traded down $0.37 on Friday, hitting $30.09. The company's stock had a trading volume of 1,360,476 shares, compared to its average volume of 2,307,113. nCino Inc. has a 52-week low of $18.75 and a 52-week high of $43.20. The firm has a market cap of $3.48 billion, a P/E ratio of -103.76, a PEG ratio of 20.09 and a beta of 0.71. The company's 50-day simple moving average is $29.34 and its 200 day simple moving average is $27.26. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.24.

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

Analyst Ratings Changes

A number of analysts recently issued reports on NCNO shares. JMP Securities boosted their price objective on nCino from $35.00 to $41.00 and gave the company a "market outperform" rating in a research note on Wednesday, August 27th. Morgan Stanley boosted their price objective on nCino from $33.00 to $35.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 27th. Keefe, Bruyette & Woods upped their target price on nCino from $28.00 to $33.00 and gave the stock an "outperform" rating in a research note on Thursday, May 29th. Citigroup restated an "outperform" rating on shares of nCino in a research note on Wednesday, August 27th. Finally, Barclays upped their target price on nCino from $31.00 to $37.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $33.94.

Insider Buying and Selling at nCino

In other nCino news, Director Pierre Naude sold 4,659 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $27.45, for a total transaction of $127,889.55. Following the sale, the director directly owned 1,192,461 shares in the company, valued at approximately $32,733,054.45. This trade represents a 0.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sean Desmond sold 9,550 shares of the firm'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 $262,147.50. Following the completion of the transaction, the chief executive officer owned 628,603 shares in the company, valued at approximately $17,255,152.35. This trade represents a 1.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,480,723 shares of company stock worth $135,667,553. Insiders own 5.70% of the company's stock.

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.