nCino Inc. $NCNO Position Lessened by Brown Capital Management LLC

Brown Capital Management LLC lowered its position in nCino Inc. (NASDAQ:NCNO) by 18.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,684,116 shares of the company’s stock after selling 375,759 shares during the quarter. nCino makes up approximately 1.9% of Brown Capital Management LLC’s holdings, making the stock its 23rd biggest position. Brown Capital Management LLC owned about 1.45% of nCino worth $45,656,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Long Path Partners LP lifted its position in nCino by 61.1% during the 2nd quarter. Long Path Partners LP now owns 4,787,869 shares of the company’s stock worth $133,917,000 after acquiring an additional 1,815,868 shares during the last quarter. Advantage Alpha Capital Partners LP grew its position in shares of nCino by 79.7% in the second quarter. Advantage Alpha Capital Partners LP now owns 196,734 shares of the company’s stock valued at $5,503,000 after purchasing an additional 87,274 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of nCino in the third quarter worth about $1,397,000. Spyglass Capital Management LLC acquired a new position in shares of nCino during the 2nd quarter worth about $44,190,000. Finally, Nicholas Company Inc. lifted its position in shares of nCino by 11.5% during the 2nd quarter. Nicholas Company Inc. now owns 254,783 shares of the company’s stock worth $7,126,000 after purchasing an additional 26,243 shares during the last quarter. 94.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at nCino

In related news, CEO Sean Desmond sold 7,331 shares of nCino stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $24.11, for a total transaction of $176,750.41. Following the completion of the transaction, the chief executive officer directly owned 618,597 shares of the company’s stock, valued at $14,914,373.67. This trade represents a 1.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jeanette Sellers sold 1,507 shares of nCino stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $24.49, for a total transaction of $36,906.43. Following the completion of the transaction, the senior vice president owned 46,731 shares of the company’s stock, valued at $1,144,442.19. This trade represents a 3.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 16,169 shares of company stock valued at $393,340 over the last quarter. Corporate insiders own 5.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on NCNO shares. Raymond James Financial raised nCino from an “outperform” rating to a “strong-buy” rating and set a $36.00 target price on the stock in a report on Monday, October 20th. BTIG Research began coverage on shares of nCino in a research note on Tuesday, December 16th. They issued a “neutral” rating on the stock. Piper Sandler dropped their target price on shares of nCino from $34.00 to $30.00 and set a “neutral” rating on the stock in a research report on Thursday, December 4th. Keefe, Bruyette & Woods increased their price target on shares of nCino from $34.50 to $36.00 and gave the company an “outperform” rating in a report on Thursday, December 4th. Finally, William Blair upgraded shares of nCino from a “market perform” rating to an “outperform” rating in a report on Friday, October 10th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $33.27.

nCino Stock Performance

NASDAQ:NCNO opened at $20.92 on Tuesday. The firm has a market capitalization of $2.40 billion, a PE ratio of -116.22, a price-to-earnings-growth ratio of 5.58 and a beta of 0.55. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.24. nCino Inc. has a 12-month low of $18.75 and a 12-month high of $34.55. The firm has a 50-day moving average price of $24.67 and a 200 day moving average price of $26.63.

nCino (NASDAQ:NCNO) last released its quarterly earnings data on Wednesday, December 3rd. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.11. nCino had a positive return on equity of 2.28% and a negative net margin of 3.71%.The company had revenue of $152.16 million for the quarter, compared to the consensus estimate of $147.31 million. During the same period in the previous year, the business earned $0.21 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. nCino has set its FY 2026 guidance at 0.900-0.910 EPS and its Q4 2026 guidance at 0.210-0.220 EPS. Research analysts anticipate that nCino Inc. will post 0.12 earnings per share for the current fiscal year.

nCino declared that its Board of Directors has authorized a share buyback program on Monday, December 8th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 3.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

About nCino

nCino, Inc provides a cloud-based banking operating system designed to modernize and streamline processes for financial institutions. Built on a software-as-a-service (SaaS) model, the nCino Bank Operating System integrates key banking functions into a unified platform, enabling banks and credit unions to enhance efficiency, reduce risk and improve customer experiences.

Founded in 2012 as a spinoff from Live Oak Bank, nCino launched its flagship offering to address the needs of commercial and retail lenders seeking to replace legacy systems.