KLP Kapitalforvaltning AS Grows Holdings in nCino Inc. $NCNO

KLP Kapitalforvaltning AS lifted its position in shares of nCino Inc. (NASDAQ:NCNO) by 21.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,900 shares of the company’s stock after buying an additional 3,800 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in nCino were worth $613,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Advisors Capital Management LLC grew its position in shares of nCino by 0.7% during the 1st quarter. Advisors Capital Management LLC now owns 66,270 shares of the company’s stock worth $1,820,000 after buying an additional 479 shares in the last quarter. Covestor Ltd grew its position in shares of nCino by 27.6% during the 1st quarter. Covestor Ltd now owns 2,388 shares of the company’s stock worth $66,000 after buying an additional 517 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of nCino by 22.5% during the 1st quarter. First Horizon Advisors Inc. now owns 2,924 shares of the company’s stock worth $80,000 after buying an additional 538 shares in the last quarter. Xponance Inc. grew its position in shares of nCino by 7.9% during the 1st quarter. Xponance Inc. now owns 8,954 shares of the company’s stock worth $246,000 after buying an additional 656 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in shares of nCino by 23.8% during the 2nd quarter. Parallel Advisors LLC now owns 4,248 shares of the company’s stock worth $119,000 after buying an additional 816 shares in the last quarter. Institutional investors own 94.76% of the company’s stock.

nCino Stock Down 1.2%

Shares of NCNO stock opened at $23.76 on Friday. The stock has a 50 day moving average of $28.32 and a 200 day moving average of $26.92. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.24. The stock has a market cap of $2.75 billion, a P/E ratio of -81.93, a P/E/G ratio of 15.15 and a beta of 0.64. nCino Inc. has a twelve month low of $18.75 and a twelve month high of $43.20.

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

Analyst Ratings Changes

NCNO has been the topic of a number of recent research reports. JMP Securities increased their price target on nCino from $35.00 to $41.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of nCino in a research report on Wednesday, October 8th. Morgan Stanley raised their price objective on nCino from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 27th. Barclays raised their price objective on nCino from $31.00 to $37.00 and gave the company an “overweight” rating in a research report on Wednesday, August 27th. Finally, Zacks Research downgraded nCino from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $33.94.

Insider Buying and Selling

In other nCino news, Director Jeff Horing sold 3,889,254 shares of the firm’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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sean Desmond sold 9,550 shares of nCino stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $27.45, for a total value of $262,147.50. Following the completion of the sale, the chief executive officer directly owned 628,603 shares in the company, valued at $17,255,152.35. This represents a 1.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,480,723 shares of company stock valued at $135,667,553 in the last 90 days. Corporate insiders own 5.70% of the company’s stock.

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.