Callan Family Office LLC Acquires Shares of 22,595 nCino Inc. $NCNO

Callan Family Office LLC purchased a new position in shares of nCino Inc. (NASDAQ:NCNO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 22,595 shares of the company’s stock, valued at approximately $632,000.

A number of other institutional investors and hedge funds have also made changes to their positions in NCNO. Hilltop National Bank acquired a new position in shares of nCino during the second quarter worth about $42,000. Covestor Ltd increased its stake in shares of nCino by 27.6% during the first quarter. Covestor Ltd now owns 2,388 shares of the company’s stock worth $66,000 after acquiring an additional 517 shares during the period. First Horizon Advisors Inc. increased its stake in shares of nCino by 22.5% during the first quarter. First Horizon Advisors Inc. now owns 2,924 shares of the company’s stock worth $80,000 after acquiring an additional 538 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of nCino during the first quarter worth about $82,000. Finally, Asset Management One Co. Ltd. increased its stake in shares of nCino by 63.1% during the first quarter. Asset Management One Co. Ltd. now owns 3,718 shares of the company’s stock worth $102,000 after acquiring an additional 1,439 shares during the period. 94.76% of the stock is currently owned by institutional investors and hedge funds.

nCino Stock Down 1.2%

Shares of NASDAQ NCNO opened at $24.71 on Tuesday. nCino Inc. has a 12-month low of $18.75 and a 12-month high of $43.20. The company has a market capitalization of $2.86 billion, a PE ratio of -85.21, a price-to-earnings-growth ratio of 15.76 and a beta of 0.64. 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 firm’s 50-day moving average is $28.52 and its two-hundred day moving average is $27.01.

nCino (NASDAQ:NCNO) last announced its quarterly earnings results on Tuesday, August 26th. The company reported $0.22 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $143.17 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The company’s revenue for the quarter 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 analysts anticipate that nCino Inc. will post 0.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on NCNO shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of nCino in a research note on Wednesday, October 8th. Truist Financial upped their target price on shares of nCino from $27.00 to $32.00 and gave the stock a “hold” rating in a research report on Wednesday, August 27th. Barclays upped their target price 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. Zacks Research lowered shares of nCino from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Finally, Citigroup restated an “outperform” rating on shares of nCino in a research report on Wednesday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $33.94.

Insider Buying and Selling at nCino

In related news, CEO Sean Desmond sold 9,550 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 transaction of $262,147.50. Following the transaction, the chief executive officer owned 628,603 shares of the company’s stock, valued at approximately $17,255,152.35. This represents a 1.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 transaction of $114,054.75. Following the transaction, the chief financial officer directly owned 466,099 shares in the company, valued at $12,794,417.55. The trade was a 0.88% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,480,723 shares of company stock valued at $135,667,553. 5.70% of the stock is owned by corporate insiders.

nCino Company 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.