10,976 Shares in nCino Inc. $NCNO Acquired by CM Wealth Advisors LLC

CM Wealth Advisors LLC bought a new stake in shares of nCino Inc. (NASDAQ:NCNO) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 10,976 shares of the company’s stock, valued at approximately $307,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Robeco Institutional Asset Management B.V. lifted its position in shares of nCino by 7.2% in the second quarter. Robeco Institutional Asset Management B.V. now owns 520,000 shares of the company’s stock worth $14,544,000 after purchasing an additional 35,000 shares in the last quarter. Select Equity Group L.P. boosted its stake in shares of nCino by 395.3% during 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 period. Pier Capital LLC acquired a new position in shares of nCino in the second quarter worth $8,104,000. Nicholas Company Inc. raised its holdings in shares of nCino by 11.5% during the second quarter. Nicholas Company Inc. now owns 254,783 shares of the company’s stock worth $7,126,000 after acquiring an additional 26,243 shares in the last quarter. Finally, Conestoga Capital Advisors LLC boosted its position in nCino by 24.0% during the second quarter. Conestoga Capital Advisors LLC now owns 2,669,920 shares of the company’s stock valued at $74,678,000 after purchasing an additional 516,635 shares during the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

Insider Activity

In other nCino news, CFO Gregory Orenstein sold 4,353 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $25.81, for a total value of $112,350.93. Following the sale, the chief financial officer owned 461,746 shares of the company’s stock, valued at $11,917,664.26. This trade represents a 0.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Sean Desmond sold 10,006 shares of nCino stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $25.81, for a total value of $258,254.86. Following the completion of the transaction, the chief executive officer directly owned 618,597 shares in the company, valued at approximately $15,965,988.57. This represents a 1.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 4,483,731 shares of company stock worth $135,709,761 over the last 90 days. Company insiders own 5.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NCNO. Citigroup reaffirmed an “outperform” rating on shares of nCino in a research report on Wednesday, August 27th. Needham & Company LLC lifted their target price on shares of nCino from $33.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, August 27th. JMP Securities increased their price target on shares of nCino from $35.00 to $41.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 27th. Truist Financial lifted their price objective on shares of nCino from $27.00 to $32.00 and gave the company a “hold” rating in a research note on Wednesday, August 27th. Finally, Robert W. Baird increased their target price on shares of nCino from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 27th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $33.94.

nCino Stock Performance

Shares of NCNO opened at $26.06 on Friday. The company has a market capitalization of $3.02 billion, a PE ratio of -89.86, a price-to-earnings-growth ratio of 16.05 and a beta of 0.62. nCino Inc. has a one year low of $18.75 and a one year high of $43.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 1.03. The company’s fifty day moving average price is $27.51 and its 200 day moving average price is $27.25.

nCino (NASDAQ:NCNO) last released its quarterly earnings results on Tuesday, August 26th. The company reported $0.22 earnings per share (EPS) for the quarter, beating 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 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 period in the prior year, the company 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. As a group, analysts expect that nCino Inc. will post 0.12 earnings per share for the current year.

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.