Readystate Asset Management LP Takes Position in nCino Inc. $NCNO

Posted by Geri Gentry on Jul 29th, 2026

Readystate Asset Management LP acquired a new stake in nCino Inc. (NASDAQ:NCNO – Free Report) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 287,143 shares of the company’s stock, valued at approximately $4,301,000.

Several other hedge funds have also added to or reduced their stakes in the business. CWM LLC lifted its holdings in nCino by 255.8% during the fourth quarter. CWM LLC now owns 1,142 shares of the company’s stock worth $29,000 after acquiring an additional 821 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of nCino during the fourth quarter worth about $38,000. Farther Finance Advisors LLC raised its position in shares of nCino by 76.2% during the fourth quarter. Farther Finance Advisors LLC now owns 1,670 shares of the company’s stock worth $43,000 after purchasing an additional 722 shares during the period. Quarry LP lifted its holdings in shares of nCino by 138.2% during the 3rd quarter. Quarry LP now owns 1,701 shares of the company’s stock valued at $46,000 after purchasing an additional 987 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of nCino in the 3rd quarter valued at approximately $65,000. Institutional investors and hedge funds own 94.76% of the company’s stock.

Insider Activity

In other nCino news, CEO Sean Desmond sold 22,073 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $18.02, for a total value of $397,755.46. Following the transaction, the chief executive officer directly owned 1,271,016 shares in the company, valued at $22,903,708.32. The trade was a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider April Rieger sold 9,693 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $18.02, for a total transaction of $174,667.86. Following the completion of the transaction, the insider directly owned 383,601 shares in the company, valued at $6,912,490.02. The trade was a 2.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 119,964 shares of company stock valued at $2,143,529. 1.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. JPMorgan Chase & Co. raised their target price on shares of nCino from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Monday, June 22nd. Citigroup reaffirmed a “market outperform” rating on shares of nCino in a research report on Monday, June 22nd. Piper Sandler upgraded nCino from a “neutral” rating to an “overweight” rating and lowered their target price for the stock from $30.00 to $22.00 in a report on Wednesday, April 1st. Citizens Jmp dropped their price target on nCino from $32.00 to $23.00 and set a “market outperform” rating on the stock in a research note on Monday, May 18th. Finally, Robert W. Baird cut their price target on nCino from $34.00 to $24.00 and set an “outperform” rating on the stock in a report on Tuesday, March 31st. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $25.29.

Get Our Latest Research Report on NCNO

nCino Stock Performance

Shares of NASDAQ NCNO opened at $18.51 on Wednesday. nCino Inc. has a 12 month low of $13.80 and a 12 month high of $33.92. The stock has a 50 day moving average of $16.24 and a 200-day moving average of $17.37. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $2.03 billion, a P/E ratio of 154.25 and a beta of 0.68.

nCino Company Profile

(Free Report)

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.

Readystate Asset Management LP Takes Position in nCino Inc. $NCNO

Insider Activity

Analyst Upgrades and Downgrades

nCino Stock Performance

nCino Company Profile

Further Reading

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