Drive Wealth Management LLC Has $256,000 Stock Position in nCino Inc. $NCNO

Drive Wealth Management LLC cut its stake in shares of nCino Inc. (NASDAQ:NCNO) by 73.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,443 shares of the company’s stock after selling 25,680 shares during the period. Drive Wealth Management LLC’s holdings in nCino were worth $256,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its position in shares of nCino by 186.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 948 shares of the company’s stock valued at $26,000 after acquiring an additional 617 shares during the period. Advisors Asset Management Inc. increased its stake in nCino by 68.5% in the second quarter. Advisors Asset Management Inc. now owns 1,127 shares of the company’s stock valued at $32,000 after purchasing an additional 458 shares in the last quarter. Hilltop National Bank bought a new stake in nCino in the second quarter valued at approximately $42,000. Asset Management One Co. Ltd. raised its holdings in nCino by 15.2% in the second quarter. Asset Management One Co. Ltd. now owns 4,284 shares of the company’s stock worth $120,000 after purchasing an additional 566 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of nCino during the second quarter worth $204,000. Institutional investors and hedge funds own 94.76% of the company’s stock.

Insiders Place Their Bets

In other news, insider April Rieger sold 4,731 shares of the firm’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 $122,107.11. Following the completion of the transaction, the insider owned 229,774 shares of the company’s stock, valued at approximately $5,930,466.94. This trade represents a 2.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gregory Orenstein sold 4,353 shares of nCino stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $25.81, for a total value of $112,350.93. Following the completion of the transaction, the chief financial officer directly owned 461,746 shares in the company, valued at approximately $11,917,664.26. This represents a 0.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 40,780 shares of company stock worth $1,028,550 over the last quarter. 5.70% of the stock is currently owned by corporate insiders.

nCino Stock Up 0.7%

NCNO opened at $24.30 on Friday. The stock has a fifty day moving average of $24.90 and a 200-day moving average of $26.94. nCino Inc. has a fifty-two week low of $18.75 and a fifty-two week high of $35.04. The company has a market capitalization of $2.79 billion, a P/E ratio of -135.00, a P/E/G ratio of 6.39 and a beta of 0.55. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.01 and a current ratio of 1.01.

nCino (NASDAQ:NCNO) last issued its quarterly earnings results on Wednesday, December 3rd. The company reported $0.31 EPS for the quarter, topping 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 analysts’ expectations of $147.31 million. During the same quarter last year, the business earned $0.21 earnings per share. nCino’s 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. On average, equities analysts expect that nCino Inc. will post 0.12 EPS for the current year.

nCino announced that its Board of Directors has approved a stock buyback plan on Monday, December 8th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to buy up to 3.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on NCNO shares. Keefe, Bruyette & Woods upped 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. Needham & Company LLC reissued a “buy” rating and issued a $38.00 price target on shares of nCino in a research note on Thursday, December 4th. Stephens raised nCino from a “hold” rating to an “overweight” rating in a research report on Monday, October 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of nCino in a report on Thursday. Finally, BTIG Research assumed coverage on nCino in a research note on Tuesday, December 16th. They issued a “neutral” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, nCino currently has an average rating of “Moderate Buy” and an average price target of $33.27.

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.