T. Rowe Price Investment Management Inc. Grows Stock Holdings in nCino Inc. $NCNO

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in nCino Inc. by 50.2%, purchasing an additional 1,626,446 shares, bringing its total ownership to approximately 4.22% valued at $133.7 million.
• Other major investors, including Vanguard Group Inc. and Ameriprise Financial Inc., also boosted their stakes in nCino during the first quarter, highlighting strong institutional interest in the company.
• nCino reported a significant quarterly revenue increase of 12.5% year-over-year, with earnings of $0.16 per share, matching analysts' expectations.

T. Rowe Price Investment Management Inc. increased its holdings in nCino Inc. (NASDAQ:NCNO - Free Report) by 50.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,867,463 shares of the company's stock after acquiring an additional 1,626,446 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 4.22% of nCino worth $133,710,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Northern Trust Corp lifted its position in shares of nCino by 14.1% during the 4th quarter. Northern Trust Corp now owns 612,902 shares of the company's stock valued at $20,581,000 after buying an additional 75,592 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in nCino in the first quarter valued at $343,000. Victory Capital Management Inc. increased its position in shares of nCino by 241.1% in the first quarter. Victory Capital Management Inc. now owns 41,349 shares of the company's stock valued at $1,136,000 after buying an additional 29,225 shares in the last quarter. Peregrine Capital Management LLC grew its holdings in nCino by 3.3% in the 1st quarter. Peregrine Capital Management LLC now owns 289,168 shares of the company's stock valued at $7,943,000 after buying an additional 9,283 shares during the period. Finally, Xponance Inc. lifted its position in nCino by 7.9% during the 1st quarter. Xponance Inc. now owns 8,954 shares of the company's stock worth $246,000 after acquiring an additional 656 shares in the last quarter. Institutional investors and hedge funds own 94.76% of the company's stock.

nCino Price Performance

Shares of NCNO stock traded up $4.51 during trading hours on Wednesday, reaching $33.20. The company's stock had a trading volume of 3,568,634 shares, compared to its average volume of 1,741,673. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.24. nCino Inc. has a fifty-two week low of $18.75 and a fifty-two week high of $43.20. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of -127.98, a PEG ratio of 28.26 and a beta of 0.77. The firm's 50 day simple moving average is $28.39 and its 200-day simple moving average is $27.43.

nCino (NASDAQ:NCNO - Get Free Report) last announced its 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 the consensus estimate of $143.17 million. nCino had a positive return on equity of 0.19% and a negative net margin of 5.27%.The business's quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the business 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. Sell-side analysts forecast that nCino Inc. will post 0.12 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Pierre Naude sold 4,659 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $27.45, for a total value of $127,889.55. Following the transaction, the director owned 1,192,461 shares in the company, valued at $32,733,054.45. The trade was a 0.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Gregory Orenstein sold 4,155 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 value of $114,054.75. Following the sale, the chief financial officer owned 466,099 shares in the company, valued at approximately $12,794,417.55. This represents a 0.88% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,603 shares of company stock valued at $593,002. Company insiders own 5.70% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Keefe, Bruyette & Woods increased their price target on nCino from $28.00 to $33.00 and gave the company an "outperform" rating in a research report on Thursday, May 29th. Truist Financial upped their price objective on nCino from $27.00 to $32.00 and gave the company a "hold" rating in a report on Wednesday. JMP Securities upped 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. Piper Sandler increased their target price on nCino from $28.00 to $34.00 and gave the stock a "neutral" rating in a research note on Wednesday. Finally, Stephens increased their target price on nCino from $24.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat, nCino presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.06.

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.