nCino Inc. $NCNO Shares Purchased by Norden Group LLC

Norden Group LLC raised its stake in nCino Inc. (NASDAQ:NCNO) by 12.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,772 shares of the company’s stock after purchasing an additional 4,379 shares during the period. Norden Group LLC’s holdings in nCino were worth $1,084,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Select Equity Group L.P. grew its position in shares of nCino by 395.3% in the 1st quarter. Select Equity Group L.P. now owns 265,211 shares of the company’s stock valued at $7,285,000 after buying an additional 211,665 shares during the last quarter. Clearline Capital LP purchased a new position in shares of nCino during the first quarter worth about $494,000. Untitled Investments LP increased its position in shares of nCino by 29.2% during the first quarter. Untitled Investments LP now owns 356,127 shares of the company’s stock worth $9,783,000 after purchasing an additional 80,390 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of nCino during the first quarter worth about $343,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of nCino by 241.1% in the 1st quarter. Victory Capital Management Inc. now owns 41,349 shares of the company’s stock valued at $1,136,000 after purchasing an additional 29,225 shares during the last quarter. Hedge funds and other institutional investors own 94.76% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on NCNO. Robert W. Baird raised their price target on nCino from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 27th. Truist Financial lifted their target price on shares of nCino from $27.00 to $32.00 and gave the company a “hold” rating in a report on Wednesday, August 27th. Bank of America increased their price target on shares of nCino from $34.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 27th. Barclays raised their price objective 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. Finally, Zacks Research cut shares of nCino from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $33.94.

Insider Buying and Selling at nCino

In other nCino news, Director Pierre Naude sold 4,659 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 $127,889.55. Following the completion of the transaction, the director owned 1,192,461 shares in the company, valued at approximately $32,733,054.45. This represents a 0.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Gregory Orenstein sold 4,155 shares of the business’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $27.45, for a total transaction of $114,054.75. Following the sale, the chief financial officer owned 466,099 shares in the company, valued at $12,794,417.55. The trade was a 0.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,480,723 shares of company stock worth $135,667,553. 5.70% of the stock is currently owned by company insiders.

nCino Stock Down 2.5%

Shares of nCino stock opened at $28.58 on Thursday. The company has a market cap of $3.31 billion, a P/E ratio of -98.55, a PEG ratio of 18.47 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 one year low of $18.75 and a one year high of $43.20. The firm has a fifty day moving average of $29.44 and a two-hundred day moving average of $27.25.

nCino (NASDAQ:NCNO) last issued its 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 business had revenue of $148.82 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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, analysts forecast that nCino Inc. will post 0.12 earnings per share for the current year.

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.