CM Wealth Advisors LLC Buys 83,373 Shares of nCino Inc. $NCNO

CM Wealth Advisors LLC boosted its stake in nCino Inc. (NASDAQ:NCNO) by 759.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,349 shares of the company’s stock after purchasing an additional 83,373 shares during the period. nCino comprises 0.5% of CM Wealth Advisors LLC’s investment portfolio, making the stock its 23rd largest position. CM Wealth Advisors LLC’s holdings in nCino were worth $2,419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of NCNO. Ranger Investment Management L.P. grew its holdings in shares of nCino by 48.2% in the third quarter. Ranger Investment Management L.P. now owns 1,157,751 shares of the company’s stock worth $31,387,000 after purchasing an additional 376,506 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of nCino by 1.7% in the third quarter. Vanguard Group Inc. now owns 11,924,703 shares of the company’s stock worth $323,279,000 after buying an additional 201,499 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in nCino during the 3rd quarter valued at $1,397,000. Cramer Rosenthal Mcglynn LLC boosted its position in nCino by 19.8% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 375,310 shares of the company’s stock valued at $10,175,000 after buying an additional 62,142 shares during the period. Finally, Tremblant Capital Group boosted its position in nCino by 40.3% during the 3rd quarter. Tremblant Capital Group now owns 661,277 shares of the company’s stock valued at $17,927,000 after buying an additional 189,815 shares during the period. Institutional investors own 94.76% of the company’s stock.

Insider Activity

In other news, Director Pierre Naude sold 24,273 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $18.68, for a total value of $453,419.64. Following the completion of the transaction, the director owned 1,166,823 shares of the company’s stock, valued at approximately $21,796,253.64. This represents a 2.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gregory Orenstein sold 10,562 shares of the firm’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 $197,298.16. Following the completion of the transaction, the chief financial officer owned 451,184 shares of the company’s stock, valued at approximately $8,428,117.12. The trade was a 2.29% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 123,554 shares of company stock worth $2,195,469. Company insiders own 5.70% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Robert W. Baird decreased their price objective on shares of nCino from $34.00 to $24.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 31st. Wall Street Zen upgraded shares of nCino from a “hold” rating to a “buy” rating in a report on Saturday, April 4th. Needham & Company LLC cut their target price on nCino from $38.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Zacks Research raised nCino from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of nCino in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $26.07.

nCino Trading Up 1.1%

Shares of NCNO opened at $18.28 on Friday. nCino Inc. has a 1-year low of $13.80 and a 1-year high of $33.92. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.25. The firm’s 50-day moving average price is $16.28 and its 200-day moving average price is $21.89. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 365.60, a PEG ratio of 2.72 and a beta of 0.61.

nCino (NASDAQ:NCNO) last released 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. nCino had a net margin of 0.87% and a return on equity of 4.75%. The company had revenue of $149.67 million during the quarter, compared to the consensus estimate of $147.41 million. During the same period in the prior year, the firm earned $0.12 earnings per share. nCino’s revenue was up 5.9% on a year-over-year basis. Sell-side analysts anticipate that nCino Inc. will post 0.12 EPS for the current year.

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.