Envestnet Asset Management Inc. Boosts Stock Position in nCino Inc. $NCNO

Envestnet Asset Management Inc. lifted its stake in shares of nCino Inc. (NASDAQ:NCNO) by 13.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 413,261 shares of the company’s stock after acquiring an additional 48,684 shares during the quarter. Envestnet Asset Management Inc.’s holdings in nCino were worth $11,559,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. increased its stake in nCino by 7.2% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 520,000 shares of the company’s stock worth $14,544,000 after buying an additional 35,000 shares in the last quarter. Select Equity Group L.P. boosted its stake in shares of nCino by 395.3% in the first 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 period. Conestoga Capital Advisors LLC boosted its stake in shares of nCino by 24.0% in the second quarter. Conestoga Capital Advisors LLC now owns 2,669,920 shares of the company’s stock worth $74,678,000 after acquiring an additional 516,635 shares during the period. Clearline Capital LP purchased a new stake in shares of nCino during the first quarter worth about $494,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in nCino during the 2nd quarter valued at approximately $204,000. 94.76% of the stock is owned by hedge funds and other institutional investors.

nCino Stock Up 2.2%

Shares of NASDAQ:NCNO opened at $26.06 on Friday. The company has a market cap of $3.02 billion, a price-to-earnings ratio of -89.86, a PEG ratio of 16.41 and a beta of 0.62. nCino Inc. has a 12 month low of $18.75 and a 12 month high of $43.20. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average price of $27.51 and a 200 day moving average price of $27.27.

nCino (NASDAQ:NCNO) last issued its quarterly earnings data 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 business had revenue of $148.82 million for the quarter, compared to the consensus estimate of $143.17 million. nCino had a positive return on equity of 1.18% and a negative net margin of 5.86%.The company’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the business posted $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, equities research analysts predict that nCino Inc. will post 0.12 earnings per share for the current year.

Insider Buying and Selling

In other nCino news, Director Jeff Horing sold 3,889,254 shares of nCino stock in a transaction on Monday, September 8th. The shares were sold at an average price of $30.00, for a total transaction of $116,677,620.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Gregory Orenstein sold 4,353 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $25.81, for a total transaction of $112,350.93. Following the transaction, the chief financial officer owned 461,746 shares in the company, valued at $11,917,664.26. This trade represents a 0.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 4,483,731 shares of company stock valued at $135,709,761 over the last 90 days. 5.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on NCNO. Robert W. Baird upped their price target on nCino from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 27th. William Blair raised shares of nCino from a “market perform” rating to an “outperform” rating in a report on Friday, October 10th. JMP Securities raised their target price on shares of nCino from $35.00 to $41.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 27th. Bank of America lifted their price target on shares of nCino from $34.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, August 27th. Finally, Piper Sandler increased their price objective on shares of nCino from $28.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, August 27th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.94.

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.