Rhumbline Advisers Has $2.47 Million Position in nCino Inc. $NCNO

Rhumbline Advisers reduced its position in shares of nCino Inc. (NASDAQ:NCNO) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,809 shares of the company’s stock after selling 1,260 shares during the period. Rhumbline Advisers owned approximately 0.08% of nCino worth $2,467,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Strs Ohio acquired a new position in nCino in the 1st quarter valued at $1,086,000. Advisors Capital Management LLC raised its holdings in nCino by 0.7% in the 1st quarter. Advisors Capital Management LLC now owns 66,270 shares of the company’s stock valued at $1,820,000 after acquiring an additional 479 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in nCino by 16.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 281,435 shares of the company’s stock valued at $7,731,000 after acquiring an additional 39,345 shares in the last quarter. Woodline Partners LP raised its holdings in nCino by 105.3% in the 1st quarter. Woodline Partners LP now owns 13,227 shares of the company’s stock valued at $363,000 after acquiring an additional 6,783 shares in the last quarter. Finally, Clearline Capital LP acquired a new position in nCino in the 1st quarter valued at $494,000. 94.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Citigroup reaffirmed an “outperform” rating on shares of nCino in a report on Wednesday, August 27th. Piper Sandler lifted their price objective on nCino from $28.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, August 27th. Keefe, Bruyette & Woods lifted their price target on nCino from $28.00 to $33.00 and gave the company an “outperform” rating in a research note on Thursday, May 29th. Raymond James Financial lifted their price target on nCino from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, August 27th. Finally, Bank of America lifted their price target on nCino from $34.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $33.94.

Insider Buying and Selling at nCino

In related news, Director Pierre Naude sold 4,659 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $27.45, for a total transaction of $127,889.55. Following the transaction, the director directly owned 1,192,461 shares of the company’s stock, valued at approximately $32,733,054.45. This represents a 0.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeff Horing sold 3,889,254 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $30.00, for a total value of $116,677,620.00. The disclosure for this sale can be found here. Insiders sold 4,480,723 shares of company stock worth $135,667,553 in the last quarter. Company insiders own 5.70% of the company’s stock.

nCino Stock Down 0.9%

NCNO stock opened at $29.99 on Wednesday. The stock’s 50 day simple moving average is $29.38 and its 200 day simple moving average is $27.24. nCino Inc. has a fifty-two week low of $18.75 and a fifty-two week high of $43.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $3.47 billion, a P/E ratio of -103.41, a price-to-earnings-growth ratio of 19.95 and a beta of 0.71.

nCino (NASDAQ:NCNO) last posted its quarterly earnings results on Tuesday, August 26th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.08. nCino had a positive return on equity of 1.18% and a negative net margin of 5.86%.The business had revenue of $148.82 million for the quarter, compared to the consensus estimate of $143.17 million. During the same period in the prior year, the business earned $0.14 EPS. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. nCino has set its FY 2026 guidance at 0.770-0.800 EPS. Q3 2026 guidance at 0.200-0.21 EPS. On average, research analysts expect that nCino Inc. will post 0.12 earnings per share for the current fiscal year.

nCino Company Profile

nCino, Inc, a software-as-a-service company, provides cloud-based software applications to financial institutions in the United States and internationally. Its nCino Bank Operating System connects financial institution employees, clients and third parties on a single cloud-based platform which include client onboarding, deposit account opening, loan origination, end-to-end mortgage suite, and powerful ecosystem.