Sepio Capital LP Has $1.39 Million Stock Position in nCino Inc. $NCNO

Sepio Capital LP cut its stake in nCino Inc. (NASDAQ:NCNO - Free Report) by 16.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,560 shares of the company's stock after selling 10,237 shares during the period. Sepio Capital LP's holdings in nCino were worth $1,389,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Millennium Management LLC boosted its stake in shares of nCino by 16.6% during the 1st quarter. Millennium Management LLC now owns 303,853 shares of the company's stock worth $8,347,000 after buying an additional 43,247 shares during the last quarter. Azora Capital LP acquired a new position in shares of nCino during the 1st quarter worth about $3,580,000. Pembroke Management LTD boosted its stake in shares of nCino by 19.1% during the 1st quarter. Pembroke Management LTD now owns 684,008 shares of the company's stock worth $18,790,000 after buying an additional 109,916 shares during the last quarter. Landscape Capital Management L.L.C. boosted its stake in shares of nCino by 21.1% during the 1st quarter. Landscape Capital Management L.L.C. now owns 17,518 shares of the company's stock worth $481,000 after buying an additional 3,057 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG boosted its stake in shares of nCino by 12.0% during the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 36,603 shares of the company's stock worth $1,005,000 after buying an additional 3,911 shares during the last quarter. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on NCNO shares. Robert W. Baird increased their price objective on shares of nCino from $38.00 to $40.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 27th. Piper Sandler increased their price objective on shares of nCino from $28.00 to $34.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 27th. Scotiabank reiterated a "sector perform" rating and issued a $26.00 target price (up from $19.00) on shares of nCino in a research note on Wednesday, May 21st. Bank of America raised their target price on shares of nCino from $34.00 to $38.00 and gave the company a "neutral" rating in a research note on Wednesday, August 27th. Finally, Zacks Research downgraded shares of nCino from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $33.94.

nCino Stock Performance

nCino stock traded down $0.37 during trading hours on Friday, hitting $30.09. The company had a trading volume of 1,360,476 shares, compared to its average volume of 2,307,113. The firm has a market cap of $3.48 billion, a PE ratio of -103.76, a PEG ratio of 20.09 and a beta of 0.71. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 1.03. nCino Inc. has a one year low of $18.75 and a one year high of $43.20. The firm has a 50-day moving average of $29.34 and a 200 day moving average of $27.26.

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, beating 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%. The business's revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the firm earned $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. On average, sell-side analysts expect that nCino Inc. will post 0.12 earnings per share for the current year.

Insider Activity at nCino

In related news, Director Jeff Horing sold 3,889,254 shares of nCino stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $30.00, for a total value of $116,677,620.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider April Rieger sold 3,028 shares of nCino stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $27.45, for a total transaction of $83,118.60. Following the completion of the transaction, the insider directly owned 240,523 shares in the company, valued at $6,602,356.35. This trade represents a 1.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 4,480,723 shares of company stock valued at $135,667,553. 5.70% of the stock is currently owned by company insiders.

About nCino

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.