Robeco Institutional Asset Management B.V. Sells 60,000 Shares of nCino Inc. $NCNO

Robeco Institutional Asset Management B.V. cut its stake in shares of nCino Inc. (NASDAQ:NCNO) by 14.6% during the 4th quarter, HoldingsChannel reports. The firm owned 350,000 shares of the company’s stock after selling 60,000 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in nCino were worth $8,974,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. FNY Investment Advisers LLC grew its holdings in shares of nCino by 15.9% during the 4th quarter. FNY Investment Advisers LLC now owns 3,228 shares of the company’s stock valued at $82,000 after purchasing an additional 444 shares during the last quarter. US Bancorp DE grew its holdings in shares of nCino by 1.6% during the 3rd quarter. US Bancorp DE now owns 32,042 shares of the company’s stock valued at $869,000 after purchasing an additional 501 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of nCino by 186.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 948 shares of the company’s stock valued at $26,000 after purchasing an additional 617 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of nCino by 1.2% during the 3rd quarter. Captrust Financial Advisors now owns 62,747 shares of the company’s stock valued at $1,701,000 after purchasing an additional 743 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. grew its holdings in shares of nCino by 5.8% during the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 15,980 shares of the company’s stock valued at $433,000 after purchasing an additional 872 shares during the last quarter. 94.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Zacks Research raised shares of nCino from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. Barclays lifted their price target on shares of nCino from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, April 1st. Truist Financial reduced 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. JPMorgan Chase & Co. reduced their target price on shares of nCino from $30.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Finally, Stephens reduced their target price on shares of nCino from $34.00 to $26.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.07.

Insider Transactions at nCino

In other news, insider April Rieger sold 8,078 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $18.68, for a total value of $150,897.04. Following the transaction, the insider owned 221,696 shares in the company, valued at approximately $4,141,281.28. The trade was a 3.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Pierre Naude sold 24,273 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $18.68, for a total transaction of $453,419.64. Following the completion of the transaction, the director owned 1,166,823 shares in the company, valued at $21,796,253.64. This trade represents a 2.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 121,681 shares of company stock worth $2,162,598. Company insiders own 5.70% of the company’s stock.

nCino Trading Up 3.5%

NCNO opened at $18.08 on Thursday. nCino Inc. has a fifty-two week low of $13.80 and a fifty-two week high of $33.92. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 361.60, a PEG ratio of 2.63 and a beta of 0.61. The company’s 50 day moving average price is $16.27 and its two-hundred day moving average price is $21.92.

nCino (NASDAQ:NCNO) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.16. The firm had revenue of $149.67 million for the quarter, compared to the consensus estimate of $147.41 million. nCino had a net margin of 0.87% and a return on equity of 4.75%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.12 EPS. As a group, research analysts predict that nCino Inc. will post 0.12 earnings per share for the current year.

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.