Edgestream Partners L.P. Has $2.89 Million Holdings in nCino Inc. $NCNO

Edgestream Partners L.P. decreased its holdings in nCino Inc. (NASDAQ:NCNO) by 64.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 103,384 shares of the company’s stock after selling 188,642 shares during the period. Edgestream Partners L.P. owned about 0.09% of nCino worth $2,892,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in NCNO. New York State Common Retirement Fund grew its position in nCino by 14.6% during the second quarter. New York State Common Retirement Fund now owns 784,418 shares of the company’s stock valued at $21,940,000 after purchasing an additional 100,062 shares in the last quarter. Neuberger Berman Group LLC lifted its position in nCino by 29.9% in the 2nd quarter. Neuberger Berman Group LLC now owns 94,653 shares of the company’s stock worth $2,647,000 after buying an additional 21,780 shares in the last quarter. Norges Bank acquired a new stake in shares of nCino during the 2nd quarter valued at $26,205,000. Advantage Alpha Capital Partners LP boosted its stake in shares of nCino by 79.7% during the 2nd quarter. Advantage Alpha Capital Partners LP now owns 196,734 shares of the company’s stock valued at $5,503,000 after buying an additional 87,274 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in shares of nCino by 25.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 226,849 shares of the company’s stock valued at $6,345,000 after acquiring an additional 46,240 shares in the last quarter. 94.76% of the stock is owned by hedge funds and other institutional investors.

nCino Price Performance

Shares of NASDAQ:NCNO opened at $24.35 on Friday. The stock has a market capitalization of $2.82 billion, a P/E ratio of -135.28, a P/E/G ratio of 16.10 and a beta of 0.53. The business has a 50-day moving average of $25.51 and a two-hundred day moving average of $27.45. nCino Inc. has a fifty-two week low of $18.75 and a fifty-two week high of $40.29. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 1.03.

nCino (NASDAQ:NCNO) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.11. nCino had a positive return on equity of 2.26% and a negative net margin of 3.71%.The business had revenue of $152.16 million for the quarter, compared to the consensus estimate of $147.31 million. During the same period last year, the business earned $0.21 EPS. The firm’s revenue was up 9.6% compared to the same quarter last year. nCino has set its FY 2026 guidance at 0.900-0.910 EPS and its Q4 2026 guidance at 0.210-0.220 EPS. On average, equities research analysts predict that nCino Inc. will post 0.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NCNO. Truist Financial cut their price objective on nCino from $32.00 to $27.00 and set a “hold” rating for the company in a report on Thursday. Keefe, Bruyette & Woods upped their target price on nCino from $34.50 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday. Piper Sandler cut their price target on nCino from $34.00 to $30.00 and set a “neutral” rating for the company in a research note on Thursday. Robert W. Baird boosted their price target on nCino from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, August 27th. Finally, Morgan Stanley increased their price objective on nCino from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 27th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $33.56.

Insiders Place Their Bets

In related news, insider April Rieger sold 4,731 shares of nCino stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $25.81, for a total value of $122,107.11. Following the transaction, the insider owned 229,774 shares in the company, valued at $5,930,466.94. This trade represents a 2.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Gregory Orenstein sold 4,353 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $25.81, for a total transaction of $112,350.93. Following the transaction, the chief financial officer directly owned 461,746 shares of the company’s stock, valued at approximately $11,917,664.26. This represents a 0.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,913,865 shares of company stock valued at $117,312,830 in the last three months. Company 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.