nCino Inc. $NCNO Holdings Boosted by Peregrine Capital Management LLC

Peregrine Capital Management LLC raised its stake in nCino Inc. (NASDAQ:NCNO) by 16.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 343,051 shares of the company’s stock after acquiring an additional 48,908 shares during the period. Peregrine Capital Management LLC owned 0.30% of nCino worth $8,796,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in nCino by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 11,924,703 shares of the company’s stock valued at $323,279,000 after purchasing an additional 201,499 shares during the period. Bank of America Corp DE increased its holdings in shares of nCino by 475.1% in the 3rd quarter. Bank of America Corp DE now owns 2,513,686 shares of the company’s stock worth $68,146,000 after acquiring an additional 2,076,579 shares during the period. Spyglass Capital Management LLC lifted its position in nCino by 36.0% in the 3rd quarter. Spyglass Capital Management LLC now owns 2,149,090 shares of the company’s stock valued at $58,262,000 after purchasing an additional 569,166 shares during the last quarter. Bamco Inc. NY lifted its position in nCino by 12.0% in the 2nd quarter. Bamco Inc. NY now owns 2,052,953 shares of the company’s stock valued at $57,421,000 after purchasing an additional 220,028 shares during the last quarter. Finally, American Capital Management Inc. boosted its stake in nCino by 4.3% during the 3rd quarter. American Capital Management Inc. now owns 2,040,303 shares of the company’s stock valued at $55,313,000 after purchasing an additional 84,447 shares during the period. 94.76% of the stock is currently owned by institutional investors and hedge funds.

nCino Price Performance

Shares of nCino stock traded down $1.05 during trading on Thursday, hitting $17.00. The stock had a trading volume of 205,496 shares, compared to its average volume of 2,589,036. The business has a fifty day moving average of $16.29 and a two-hundred day moving average of $21.63. nCino Inc. has a fifty-two week low of $13.80 and a fifty-two week high of $33.92. The firm has a market cap of $1.95 billion, a P/E ratio of 341.34, a PEG ratio of 2.74 and a beta of 0.61. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.00 and a quick ratio of 1.00.

nCino (NASDAQ:NCNO) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.21 by $0.16. nCino had a net margin of 0.87% and a return on equity of 4.75%. The firm had revenue of $149.67 million for the quarter, compared to analysts’ expectations of $147.41 million. During the same period in the previous year, the business earned $0.12 earnings per share. nCino’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, sell-side analysts expect that nCino Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Buying and Selling at nCino

In related news, SVP Jeanette Sellers sold 1,873 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $17.55, for a total transaction of $32,871.15. Following the completion of the sale, the senior vice president directly owned 40,611 shares in the company, valued at approximately $712,723.05. This trade represents a 4.41% 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, insider April Rieger sold 5,747 shares of nCino stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $16.75, for a total transaction of $96,262.25. Following the completion of the transaction, the insider owned 215,949 shares in the company, valued at approximately $3,617,145.75. This trade represents a 2.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 123,554 shares of company stock valued at $2,195,469. Corporate insiders own 5.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on NCNO shares. Truist Financial decreased their target price on shares of nCino from $27.00 to $19.00 and set a “hold” rating for the company in a research report on Wednesday, April 1st. Barclays boosted their price objective on nCino from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of nCino in a report on Thursday, January 22nd. JPMorgan Chase & Co. lowered their target price on nCino from $30.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Finally, Stephens cut their target price on nCino from $34.00 to $26.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, nCino currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.07.

nCino Company Profile

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.