Versor Investments LP Purchases New Position in nCino Inc. $NCNO

Versor Investments LP bought a new stake in nCino Inc. (NASDAQ:NCNO) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 13,068 shares of the company’s stock, valued at approximately $359,000.

A number of other institutional investors and hedge funds have also made changes to their positions in NCNO. Legal & General Group Plc raised its holdings in shares of nCino by 0.8% in the fourth quarter. Legal & General Group Plc now owns 92,598 shares of the company’s stock valued at $3,109,000 after buying an additional 697 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of nCino by 6.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,606,549 shares of the company’s stock valued at $53,948,000 after buying an additional 99,502 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of nCino by 549.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,013 shares of the company’s stock valued at $370,000 after buying an additional 9,316 shares during the last quarter. Dark Forest Capital Management LP purchased a new stake in shares of nCino in the fourth quarter valued at about $306,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of nCino by 10.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 93,588 shares of the company’s stock valued at $3,144,000 after buying an additional 8,917 shares during the last quarter. 94.76% of the stock is owned by hedge funds and other institutional investors.

nCino Trading Up 0.2%

Shares of NCNO opened at $27.88 on Thursday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.24. The firm’s 50-day moving average is $28.28 and its two-hundred day moving average is $27.58. nCino Inc. has a twelve month low of $18.75 and a twelve month high of $43.20. The firm has a market capitalization of $3.23 billion, a P/E ratio of -107.23, a PEG ratio of 27.72 and a beta of 0.77.

nCino (NASDAQ:NCNO) last issued its earnings results on Wednesday, May 28th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. nCino had a negative net margin of 5.27% and a positive return on equity of 0.19%. The company had revenue of $144.14 million for the quarter, compared to analyst estimates of $139.77 million. During the same period in the prior year, the business posted $0.19 earnings per share. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. nCino has set its Q2 2026 guidance at 0.130-0.140 EPS. FY 2026 guidance at 0.690-0.720 EPS. On average, research analysts predict that nCino Inc. will post 0.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Robert W. Baird raised shares of nCino from a “neutral” rating to an “outperform” rating and upped their target price for the company from $30.00 to $38.00 in a report on Monday, July 14th. Citigroup reaffirmed an “outperform” rating on shares of nCino in a report on Monday, June 9th. Morgan Stanley boosted their price target on shares of nCino from $29.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. started coverage on shares of nCino in a research note on Wednesday, June 18th. They set a “neutral” rating and a $30.00 price target on the stock. Finally, Truist Financial boosted their price target on shares of nCino from $21.00 to $27.00 and gave the stock a “hold” rating in a research note on Thursday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.13.

Insider Buying and Selling at nCino

In other nCino news, CEO Sean Desmond sold 9,550 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $27.45, for a total value of $262,147.50. Following the sale, the chief executive officer owned 628,603 shares of the company’s stock, valued at $17,255,152.35. This represents a 1.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pierre Naude sold 4,659 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $27.45, for a total transaction of $127,889.55. Following the completion of the sale, the director directly owned 1,192,461 shares in the company, valued at $32,733,054.45. This trade represents a 0.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,603 shares of company stock worth $593,002 over the last ninety days. 5.70% of the stock is currently owned by company insiders.

nCino 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.