Conestoga Capital Advisors LLC Lowers Stake in nCino Inc. $NCNO

Conestoga Capital Advisors LLC cut its position in shares of nCino Inc. (NASDAQ:NCNO) by 14.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,275,238 shares of the company’s stock after selling 394,682 shares during the quarter. Conestoga Capital Advisors LLC owned about 1.96% of nCino worth $61,682,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Long Path Partners LP boosted its position in nCino by 61.1% during the 2nd quarter. Long Path Partners LP now owns 4,787,869 shares of the company’s stock worth $133,917,000 after purchasing an additional 1,815,868 shares during the period. Robeco Institutional Asset Management B.V. raised its position in nCino by 7.2% in the second quarter. Robeco Institutional Asset Management B.V. now owns 520,000 shares of the company’s stock valued at $14,544,000 after purchasing an additional 35,000 shares during the period. Advantage Alpha Capital Partners LP lifted its stake in shares of nCino by 79.7% during the second quarter. Advantage Alpha Capital Partners LP now owns 196,734 shares of the company’s stock worth $5,503,000 after purchasing an additional 87,274 shares in the last quarter. Spyglass Capital Management LLC purchased a new stake in shares of nCino in the second quarter worth about $44,190,000. Finally, Nicholas Company Inc. grew its stake in shares of nCino by 11.5% in the second quarter. Nicholas Company Inc. now owns 254,783 shares of the company’s stock valued at $7,126,000 after buying an additional 26,243 shares in the last quarter. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

nCino Trading Up 2.0%

NCNO opened at $25.60 on Monday. nCino Inc. has a 12-month low of $18.75 and a 12-month high of $35.04. 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 stock has a market capitalization of $2.94 billion, a PE ratio of -142.22, a P/E/G ratio of 6.73 and a beta of 0.55. The firm’s fifty day moving average price is $25.23 and its 200 day moving average price is $27.22.

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

nCino announced that its Board of Directors has authorized a share buyback program on Monday, December 8th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 3.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Insider Transactions at nCino

In other news, Director Pierre Naude sold 4,881 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $25.81, for a total value of $125,978.61. Following the completion of the sale, the director directly owned 1,187,580 shares in the company, valued at approximately $30,651,439.80. The trade was a 0.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jeanette Sellers sold 1,507 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $24.49, for a total value of $36,906.43. Following the sale, the senior vice president directly owned 46,731 shares in the company, valued at approximately $1,144,442.19. This represents a 3.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 40,780 shares of company stock valued at $1,028,550 over the last 90 days. Corporate insiders own 5.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Truist Financial reduced their price target on nCino from $32.00 to $27.00 and set a “hold” rating on the stock in a research report on Thursday, December 4th. Stephens raised shares of nCino from a “hold” rating to an “overweight” rating in a research report on Monday, October 27th. 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. Raymond James Financial raised shares of nCino from an “outperform” rating to a “strong-buy” rating and set a $36.00 price target on the stock in a research note on Monday, October 20th. Finally, Zacks Research upgraded shares of nCino from a “hold” rating to a “strong-buy” rating in a report on Monday, October 27th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $33.27.

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.