Vanderbilt University Sells 95,716 Shares of nCino Inc. $NCNO

Key Points

• Vanderbilt University has reduced its stake in nCino Inc. by 46.6%, selling 95,716 shares during the second quarter, bringing its ownership to approximately $3.06 million.
• Several institutional investors, including Vanguard Group and T. Rowe Price, have increased their holdings in nCino during the first quarter, with 94.76% of the stock now owned by hedge funds.
• nCino's latest earnings report showed a revenue increase of 12.4% year-over-year, reporting $148.82 million with $0.22 EPS, surpassing analyst expectations.

Vanderbilt University reduced its stake in nCino Inc. (NASDAQ:NCNO - Free Report) by 46.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 109,616 shares of the company's stock after selling 95,716 shares during the quarter. Vanderbilt University owned 0.09% of nCino worth $3,066,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings 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 buying an additional 836,182 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of nCino by 50.2% during 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 buying an additional 1,626,446 shares during the period. Invesco Ltd. increased its position in shares of nCino by 3.6% in the first quarter. Invesco Ltd. now owns 2,697,437 shares of the company's stock worth $74,099,000 after purchasing an additional 94,940 shares during the last quarter. Conestoga Capital Advisors LLC increased its position in shares of nCino by 2.9% in the first quarter. Conestoga Capital Advisors LLC now owns 2,153,285 shares of the company's stock worth $59,151,000 after purchasing an additional 61,090 shares during the last quarter. Finally, Tensile Capital Management LP boosted its stake in nCino by 14.0% in the first quarter. Tensile Capital Management LP now owns 1,628,734 shares of the company's stock worth $44,741,000 after buying an additional 200,000 shares in the last quarter. 94.76% of the stock is owned by hedge funds and other institutional investors.

nCino Price Performance

NASDAQ NCNO opened at $25.88 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. nCino Inc. has a 52 week low of $18.75 and a 52 week high of $43.20. The firm has a market capitalization of $3.00 billion, a P/E ratio of -89.24, a PEG ratio of 16.47 and a beta of 0.64. The company has a 50-day moving average price of $29.01 and a 200-day moving average price of $27.20.

nCino (NASDAQ:NCNO - Get Free Report) last released 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 negative net margin of 5.86% and a positive return on equity of 1.18%. The company had revenue of $148.82 million during the quarter, compared to analyst estimates of $143.17 million. During the same period in the prior year, the firm posted $0.14 EPS. The firm's quarterly 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. Equities research analysts anticipate that nCino Inc. will post 0.12 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on NCNO shares. Morgan Stanley increased 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. Piper Sandler raised their price target on nCino from $28.00 to $34.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 27th. JMP Securities lifted their price target on shares of nCino from $35.00 to $41.00 and gave the company a "market outperform" rating in a report on Wednesday, August 27th. Needham & Company LLC lifted 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. Finally, Baird R W upgraded nCino from a "hold" rating to a "strong-buy" rating in a report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, nCino has an average rating of "Hold" and a consensus price target of $33.94.

Insider Activity at nCino

In other nCino 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 transaction of $127,889.55. Following the sale, the director directly owned 1,192,461 shares of the company's stock, valued at $32,733,054.45. The trade was a 0.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 value of $114,054.75. Following the transaction, the chief financial officer directly 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. Insiders sold a total of 4,480,723 shares of company stock valued at $135,667,553 over the last ninety days. 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.

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