nCino Inc. $NCNO Shares Purchased by Kennedy Capital Management LLC

Kennedy Capital Management LLC boosted its stake in nCino Inc. (NASDAQ:NCNO) by 9.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 562,570 shares of the company’s stock after acquiring an additional 49,685 shares during the period. Kennedy Capital Management LLC owned 0.49% of nCino worth $14,424,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in NCNO. CWM LLC raised its holdings in nCino by 255.8% in the fourth quarter. CWM LLC now owns 1,142 shares of the company’s stock valued at $29,000 after acquiring an additional 821 shares in the last quarter. AlphaQuest LLC raised its holdings in nCino by 5,022.2% in the third quarter. AlphaQuest LLC now owns 1,383 shares of the company’s stock valued at $37,000 after acquiring an additional 1,356 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in nCino in the fourth quarter valued at $38,000. Farther Finance Advisors LLC raised its holdings in nCino by 76.2% in the fourth 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 in the last quarter. Finally, Quarry LP raised its holdings in nCino by 138.2% in the third quarter. Quarry LP now owns 1,701 shares of the company’s stock valued at $46,000 after acquiring an additional 987 shares in the last quarter. 94.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NCNO has been the topic of a number of research reports. Keefe, Bruyette & Woods dropped their target price on shares of nCino from $36.00 to $24.00 and set an “outperform” rating on the stock in a report on Wednesday, April 1st. Weiss Ratings raised shares of nCino from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, May 28th. Needham & Company LLC reissued a “buy” rating and set a $25.00 target price on shares of nCino in a report on Thursday, May 28th. Morgan Stanley dropped their target price on shares of nCino from $36.00 to $21.00 and set an “overweight” rating on the stock in a report on Monday, March 30th. Finally, Truist Financial dropped their target price on shares of nCino from $27.00 to $19.00 and set a “hold” rating on the stock in a report on Wednesday, April 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, nCino has a consensus rating of “Moderate Buy” and a consensus target price of $25.21.

nCino Price Performance

Shares of NASDAQ:NCNO opened at $15.32 on Monday. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 127.67 and a beta of 0.69. nCino Inc. has a 1-year low of $13.80 and a 1-year high of $33.92. The company’s fifty day moving average is $16.64 and its two-hundred day moving average is $19.31. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.89 and a current ratio of 0.89.

nCino (NASDAQ:NCNO) last released its quarterly earnings results on Tuesday, March 31st. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.21 by $0.16. The business had revenue of $149.67 million during the quarter, compared to analyst estimates of $147.41 million. nCino had a net margin of 2.17% and a return on equity of 6.85%. The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.12 earnings per share. Equities analysts anticipate that nCino Inc. will post 0.68 EPS for the current year.

Insider Activity

In other news, CEO Sean Desmond sold 22,073 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $18.02, for a total transaction of $397,755.46. Following the completion of the transaction, the chief executive officer owned 1,271,016 shares in the company, valued at approximately $22,903,708.32. This represents a 1.71% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Gregory Orenstein sold 14,650 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $18.02, for a total transaction of $263,993.00. Following the transaction, the chief financial officer owned 702,293 shares of the company’s stock, valued at $12,655,319.86. This represents a 2.04% decrease in their position. 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. Insiders have sold a total of 172,982 shares of company stock worth $3,032,059 over the last ninety days. Insiders own 1.90% of the company’s stock.

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.