Bank of New York Mellon Corp Sells 143,938 Shares of nCino Inc. $NCNO

Bank of New York Mellon Corp reduced its position in shares of nCino Inc. (NASDAQ:NCNO) by 25.1% during the second quarter, Holdings Channel reports. The institutional investor owned 429,610 shares of the company’s stock after selling 143,938 shares during the period. Bank of New York Mellon Corp’s holdings in nCino were worth $12,016,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NCNO. Robeco Institutional Asset Management B.V. grew its holdings in shares of nCino by 7.2% during the second quarter. Robeco Institutional Asset Management B.V. now owns 520,000 shares of the company’s stock valued at $14,544,000 after buying an additional 35,000 shares during the last quarter. Select Equity Group L.P. raised its holdings 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 worth $7,285,000 after acquiring an additional 211,665 shares during the last quarter. Nicholas Company Inc. lifted its position in nCino by 11.5% in the 2nd quarter. Nicholas Company Inc. now owns 254,783 shares of the company’s stock valued at $7,126,000 after acquiring an additional 26,243 shares in the last quarter. Pier Capital LLC acquired a new position in nCino during the 2nd quarter valued at about $8,104,000. Finally, Conestoga Capital Advisors LLC increased its holdings in nCino by 24.0% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 2,669,920 shares of the company’s stock worth $74,678,000 after purchasing an additional 516,635 shares in the last quarter. Institutional investors own 94.76% of the company’s stock.

Insiders Place Their Bets

In other news, insider April Rieger sold 4,731 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $25.81, for a total transaction of $122,107.11. Following the transaction, the insider owned 229,774 shares of the company’s stock, valued at $5,930,466.94. This represents a 2.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeff Horing sold 3,889,254 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $30.00, for a total value of $116,677,620.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,483,731 shares of company stock valued at $135,709,761 in the last quarter. 5.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Robert W. Baird upped their price target on nCino from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, August 27th. Citigroup reiterated an “outperform” rating on shares of nCino in a research note on Wednesday, August 27th. Morgan Stanley increased their target price on shares of nCino from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Wednesday, August 27th. Truist Financial boosted their price target on shares of nCino from $27.00 to $32.00 and gave the stock a “hold” rating in a report on Wednesday, August 27th. Finally, Needham & Company LLC upped their price objective on shares of nCino from $33.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, August 27th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, nCino presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.94.

nCino Price Performance

Shares of NASDAQ:NCNO opened at $24.64 on Wednesday. The company has a market capitalization of $2.85 billion, a P/E ratio of -84.97, a price-to-earnings-growth ratio of 15.64 and a beta of 0.62. The company’s 50-day moving average is $26.78 and its 200 day moving average is $27.43. 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 fifty-two week low of $18.75 and a fifty-two week high of $42.88.

nCino (NASDAQ:NCNO) last announced its quarterly earnings data on Tuesday, August 26th. The company reported $0.22 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 business had revenue of $148.82 million for the quarter, compared to analyst estimates of $143.17 million. During the same quarter in the previous year, the firm posted $0.14 earnings per share. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. nCino has set its FY 2026 guidance at 0.770-0.800 EPS. Q3 2026 guidance at 0.200-0.21 EPS. On average, equities research analysts forecast 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.