Ashford Capital Management Inc. Takes Position in nCino Inc. $NCNO

Ashford Capital Management Inc. bought a new stake in nCino Inc. (NASDAQ:NCNO) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 369,140 shares of the company’s stock, valued at approximately $10,325,000. Ashford Capital Management Inc. owned about 0.32% of nCino as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in NCNO. Captrust Financial Advisors boosted its position in shares of nCino by 10.5% during the second quarter. Captrust Financial Advisors now owns 62,004 shares of the company’s stock worth $1,734,000 after buying an additional 5,906 shares during the period. Palisade Capital Management LP purchased a new stake in nCino during the 2nd quarter worth approximately $7,934,000. Holocene Advisors LP lifted its holdings in nCino by 8.8% during the 2nd quarter. Holocene Advisors LP now owns 131,913 shares of the company’s stock worth $3,690,000 after buying an additional 10,701 shares in the last quarter. BNP Paribas Financial Markets boosted its position in nCino by 3,932.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 171,921 shares of the company’s stock valued at $4,809,000 after buying an additional 167,658 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new position in shares of nCino in the second quarter worth $26,238,000. 94.76% of the stock is currently owned by institutional investors and hedge funds.

nCino Stock Performance

NCNO opened at $25.47 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of -141.50, a P/E/G ratio of 7.28 and a beta of 0.53. The business’s 50-day moving average price is $25.28 and its two-hundred day moving average price is $27.42. nCino Inc. has a 1 year low of $18.75 and a 1 year high of $36.65.

nCino (NASDAQ:NCNO) last posted its quarterly earnings data on Wednesday, December 3rd. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.11. The business had revenue of $152.16 million during the quarter, compared to the consensus estimate of $147.31 million. nCino had a positive return on equity of 2.28% and a negative net margin of 3.71%.nCino’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the company earned $0.21 earnings per share. nCino has set its FY 2026 guidance at 0.900-0.910 EPS and its Q4 2026 guidance at 0.210-0.220 EPS. Equities analysts expect that nCino Inc. will post 0.12 EPS for the current fiscal year.

nCino announced that its board has initiated a share buyback plan on Monday, December 8th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to repurchase up to 3.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other news, CEO Sean Desmond sold 7,331 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $24.11, for a total value of $176,750.41. Following the sale, the chief executive officer directly owned 618,597 shares of the company’s stock, valued at approximately $14,914,373.67. This represents a 1.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider April Rieger sold 4,731 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $25.81, for a total transaction of $122,107.11. Following the completion of the sale, the insider owned 229,774 shares of the company’s stock, valued at $5,930,466.94. This trade represents a 2.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 31,942 shares of company stock worth $811,960. 5.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NCNO. Keefe, Bruyette & Woods boosted their price objective on nCino from $34.50 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $38.00 price target on shares of nCino in a report on Thursday, December 4th. Bank of America increased their price objective on nCino from $34.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, August 27th. Raymond James Financial raised nCino from an “outperform” rating to a “strong-buy” rating and set a $36.00 target price on the stock in a research report on Monday, October 20th. Finally, Robert W. Baird upped their target price on nCino from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, August 27th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.47.

About nCino

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.