SG Americas Securities LLC Purchases 32,378 Shares of nCino Inc. $NCNO

SG Americas Securities LLC boosted its position in shares of nCino Inc. (NASDAQ:NCNO) by 170.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,368 shares of the company’s stock after purchasing an additional 32,378 shares during the period. SG Americas Securities LLC’s holdings in nCino were worth $1,317,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in shares of nCino by 186.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 948 shares of the company’s stock worth $26,000 after buying an additional 617 shares during the last quarter. AlphaQuest LLC boosted its stake in shares of nCino by 5,022.2% during the 3rd quarter. AlphaQuest LLC now owns 1,383 shares of the company’s stock worth $37,000 after buying an additional 1,356 shares during the last quarter. Quarry LP boosted its stake in shares of nCino by 138.2% during the 3rd quarter. Quarry LP now owns 1,701 shares of the company’s stock worth $46,000 after buying an additional 987 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of nCino by 105.3% during the 3rd quarter. Fifth Third Bancorp now owns 1,915 shares of the company’s stock worth $52,000 after buying an additional 982 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of nCino during the 3rd quarter worth about $65,000. Institutional investors own 94.76% of the company’s stock.

nCino Trading Up 3.8%

Shares of NASDAQ:NCNO opened at $18.02 on Wednesday. nCino Inc. has a 52-week low of $13.80 and a 52-week high of $33.92. The company has a market capitalization of $2.06 billion, a P/E ratio of 360.40, a price-to-earnings-growth ratio of 3.35 and a beta of 0.61. The company has a 50-day simple moving average of $16.65 and a 200 day simple moving average of $22.35. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.01 and a current ratio of 1.00.

nCino (NASDAQ:NCNO) last issued its earnings results on Tuesday, March 31st. The company reported $0.37 earnings per share (EPS) for the quarter, beating 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 business had revenue of $149.67 million during the quarter, compared to the consensus estimate of $147.41 million. During the same period last year, the business posted $0.12 EPS. nCino’s revenue was up 5.9% on a year-over-year basis. Sell-side analysts forecast that nCino Inc. will post 0.12 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on NCNO. Keefe, Bruyette & Woods reduced their price objective on shares of nCino from $36.00 to $24.00 and set an “outperform” rating for the company in a research note on Wednesday, April 1st. JPMorgan Chase & Co. reduced their price objective on shares of nCino from $30.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. Barclays increased their price objective on shares of nCino from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 1st. Needham & Company LLC reduced their price objective on shares of nCino from $38.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Finally, Citizens Jmp reduced their price objective on shares of nCino from $41.00 to $32.00 and set a “market outperform” rating for the company in a research note on Wednesday, April 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.07.

Insiders Place Their Bets

In related news, CEO Sean Desmond sold 5,747 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $16.75, for a total value of $96,262.25. Following the completion of the sale, the chief executive officer directly owned 596,803 shares in the company, valued at approximately $9,996,450.25. This trade represents a 0.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Jeanette Sellers sold 2,182 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $18.26, for a total transaction of $39,843.32. Following the completion of the sale, the senior vice president owned 43,219 shares of the company’s stock, valued at $789,178.94. This trade represents a 4.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 106,241 shares of company stock worth $1,899,191 in the last three months. Insiders own 5.70% of the company’s stock.

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.