Quantinno Capital Management LP boosted its position in nCino Inc. (NASDAQ:NCNO – Free Report) by 208.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 308,294 shares of the company’s stock after buying an additional 208,336 shares during the quarter. Quantinno Capital Management LP owned approximately 0.28% of nCino worth $4,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently made changes to their positions in NCNO. CWM LLC grew its stake in shares of nCino by 255.8% during the 4th quarter. CWM LLC now owns 1,142 shares of the company’s stock worth $29,000 after acquiring an additional 821 shares during the period. Los Angeles Capital Management LLC bought a new stake in nCino in the 4th quarter valued at about $38,000. Farther Finance Advisors LLC raised its stake in nCino by 76.2% in the 4th quarter. Farther Finance Advisors LLC now owns 1,670 shares of the company’s stock valued at $43,000 after acquiring an additional 722 shares during the period. Quarry LP lifted its holdings in nCino by 138.2% during the third quarter. Quarry LP now owns 1,701 shares of the company’s stock valued at $46,000 after purchasing an additional 987 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in nCino during the third quarter valued at about $65,000. 94.76% of the stock is currently owned by institutional investors.
Insider Activity at nCino
In other nCino news, CEO Sean Desmond sold 28,675 shares of nCino stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $19.22, for a total transaction of $551,133.50. Following the completion of the sale, the chief executive officer directly owned 1,234,831 shares in the company, valued at $23,733,451.82. The trade was a 2.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jeanette Sellers sold 1,536 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $19.53, for a total transaction of $29,998.08. Following the completion of the transaction, the senior vice president directly owned 48,453 shares of the company’s stock, valued at approximately $946,287.09. This represents a 3.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 83,350 shares of company stock valued at $1,568,144 in the last ninety days. Insiders own 1.90% of the company’s stock.
More nCino News
- Neutral Sentiment: Company insiders collectively sold approximately 67,222 shares worth about $1.30 million across August 4–5. The transactions included CEO Sean Desmond, CFO Gregory Orenstein, Director Pierre Naude, SVP Jeanette Sellers, and insider April Rieger. SEC insider trading filing
- Neutral Sentiment: Most of the sales were executed under pre-arranged Rule 10b5-1 trading plans and were specifically made to cover tax-withholding obligations tied to vested equity awards. That makes the transactions less indicative of management abandoning its long-term outlook for nCino.
- Negative Sentiment: The breadth of the selling—particularly by the CEO and CFO—may nevertheless weigh on investor sentiment and create near-term supply pressure. CEO Sean Desmond sold roughly 40,490 shares, while CFO Gregory Orenstein sold 11,780 shares; both retained substantial ownership stakes after the transactions. SEC CFO filing
Analyst Ratings Changes
Several equities analysts have recently weighed in on NCNO shares. JPMorgan Chase & Co. lifted their target price on shares of nCino from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Monday, June 22nd. The Goldman Sachs Group cut their price objective on shares of nCino from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Weiss Ratings upgraded shares of nCino from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, May 28th. Zacks Research cut shares of nCino from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating on shares of nCino in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $25.29.
Check Out Our Latest Stock Report on nCino
nCino Price Performance
Shares of NASDAQ NCNO opened at $18.99 on Friday. The stock’s 50-day simple moving average is $16.70 and its two-hundred day simple moving average is $17.08. nCino Inc. has a twelve month low of $13.80 and a twelve month high of $33.92. The firm has a market capitalization of $2.08 billion, a P/E ratio of 158.25 and a beta of 0.66. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.31.
nCino 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.
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