nCino Inc. $NCNO Stock Position Boosted by Kennedy Capital Management LLC

Kennedy Capital Management LLC boosted its stake in nCino Inc. (NASDAQ:NCNO) by 9.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 562,570 shares of the company’s stock after acquiring an additional 49,685 shares during the quarter. Kennedy Capital Management LLC’s holdings in nCino were worth $14,424,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC grew its position in nCino by 255.8% in the 4th quarter. CWM LLC now owns 1,142 shares of the company’s stock valued at $29,000 after buying an additional 821 shares in the last quarter. AlphaQuest LLC grew its position in nCino by 5,022.2% in the 3rd quarter. AlphaQuest LLC now owns 1,383 shares of the company’s stock valued at $37,000 after buying an additional 1,356 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in nCino in the 4th quarter valued at about $38,000. Farther Finance Advisors LLC grew its position in nCino by 76.2% in the 4th quarter. Farther Finance Advisors LLC now owns 1,670 shares of the company’s stock valued at $43,000 after buying an additional 722 shares in the last quarter. Finally, Quarry LP grew its position in nCino by 138.2% in the 3rd quarter. Quarry LP now owns 1,701 shares of the company’s stock valued at $46,000 after buying an additional 987 shares in the last quarter. Institutional investors own 94.76% of the company’s stock.

nCino Stock Performance

NASDAQ:NCNO opened at $15.32 on Monday. nCino Inc. has a twelve month low of $13.80 and a twelve month high of $33.92. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.31. The company has a 50-day moving average of $16.64 and a 200-day moving average of $19.31. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 127.67 and a beta of 0.69.

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

Insider Activity at nCino

In other nCino news, CEO Sean Desmond sold 8,064 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $16.26, for a total transaction of $131,120.64. Following the completion of the sale, the chief executive officer directly owned 1,262,492 shares of the company’s stock, valued at approximately $20,528,119.92. This represents a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jeanette Sellers sold 3,695 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $18.04, for a total transaction of $66,657.80. Following the sale, the senior vice president directly owned 50,876 shares of the company’s stock, valued at $917,803.04. This represents a 6.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 172,982 shares of company stock valued at $3,032,059. Corporate insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NCNO. Wall Street Zen upgraded shares of nCino from a “hold” rating to a “buy” rating in a research report on Saturday, April 4th. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 target price on shares of nCino in a research report on Thursday, May 28th. Stephens decreased their target price on shares of nCino from $34.00 to $26.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Citizens Jmp decreased their target price on shares of nCino from $32.00 to $23.00 and set a “market outperform” rating for the company in a research report on Monday, May 18th. Finally, Barclays increased their target price on shares of nCino from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, April 1st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $25.21.

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.