Strs Ohio Makes New $1.09 Million Investment in nCino Inc. $NCNO

Key Points

• Strs Ohio has acquired a new position in nCino Inc., purchasing 39,547 shares valued at approximately $1,086,000 during the first quarter.
• Insider trading activity was notable, with significant sales including 3.8 million shares sold by Director Jeff Horing for a total of $116.7 million.
• Analysts have mixed ratings for nCino, with a consensus "Hold" rating and a price target averaging $33.94, despite a recent positive earnings report beating expectations.

Strs Ohio acquired a new stake in nCino Inc. (NASDAQ:NCNO - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 39,547 shares of the company's stock, valued at approximately $1,086,000.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of nCino by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 11,666,955 shares of the company's stock worth $320,491,000 after acquiring an additional 836,182 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in nCino by 50.2% in the first 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. Invesco Ltd. lifted its position in nCino by 3.6% in the first 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. Conestoga Capital Advisors LLC boosted its holdings in nCino by 2.9% in 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 in the last quarter. Finally, Tensile Capital Management LP increased its position in nCino by 14.0% during the 1st quarter. Tensile Capital Management LP now owns 1,628,734 shares of the company's stock worth $44,741,000 after purchasing an additional 200,000 shares during the period. 94.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Gregory Orenstein sold 4,155 shares of the company's 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 $114,054.75. Following the transaction, the chief financial officer owned 466,099 shares of the company's stock, valued at approximately $12,794,417.55. This represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sean Desmond sold 9,550 shares of nCino stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $27.45, for a total transaction of $262,147.50. Following the completion of the sale, the chief executive officer directly owned 628,603 shares of the company's stock, valued at $17,255,152.35. The trade was a 1.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,480,723 shares of company stock worth $135,667,553 in the last 90 days. 5.70% of the stock is currently owned by corporate insiders.

nCino Price Performance

NCNO stock traded up $0.69 on Monday, reaching $30.32. The company had a trading volume of 1,873,577 shares, compared to its average volume of 2,516,162. The company's fifty day moving average is $29.47 and its 200 day moving average is $27.22. The company has a market cap of $3.51 billion, a P/E ratio of -104.55, a PEG ratio of 19.54 and a beta of 0.71. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.03 and a current ratio of 1.03. nCino Inc. has a 1 year low of $18.75 and a 1 year high of $43.20.

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, topping analysts' consensus estimates of $0.14 by $0.08. The company had revenue of $148.82 million during the quarter, compared to analysts' expectations of $143.17 million. nCino had a positive return on equity of 1.18% and a negative net margin of 5.86%.The business'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 firm posted $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. On average, research analysts forecast that nCino Inc. will post 0.12 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on NCNO shares. Robert W. Baird raised their price target on nCino from $38.00 to $40.00 and gave the company an "outperform" rating in a report on Wednesday, August 27th. Bank of America boosted their target price on shares of nCino from $34.00 to $38.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 27th. Needham & Company LLC increased their price target on shares of nCino from $33.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, August 27th. Keefe, Bruyette & Woods raised their price objective on shares of nCino from $28.00 to $33.00 and gave the company an "outperform" rating in a research note on Thursday, May 29th. Finally, Barclays upped their target price on shares of nCino from $31.00 to $37.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. One 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. According to data from MarketBeat, nCino currently has an average rating of "Hold" and a consensus price target of $33.94.

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.