SG Americas Securities LLC Acquires 32,378 Shares of nCino Inc. $NCNO

SG Americas Securities LLC raised its holdings in shares of nCino Inc. (NASDAQ:NCNO) by 170.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 51,368 shares of the company’s stock after acquiring an additional 32,378 shares during the period. SG Americas Securities LLC’s holdings in nCino were worth $1,317,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its position in shares of nCino by 186.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 948 shares of the company’s stock valued at $26,000 after acquiring an additional 617 shares during the last quarter. AlphaQuest LLC raised its position in shares of nCino by 5,022.2% during the 3rd quarter. AlphaQuest LLC now owns 1,383 shares of the company’s stock valued at $37,000 after acquiring an additional 1,356 shares during the last quarter. Quarry LP raised its position in shares of nCino by 138.2% during the 3rd quarter. Quarry LP now owns 1,701 shares of the company’s stock valued at $46,000 after acquiring an additional 987 shares during the last quarter. Fifth Third Bancorp raised its position in shares of nCino by 105.3% during the 3rd quarter. Fifth Third Bancorp now owns 1,915 shares of the company’s stock valued at $52,000 after acquiring an additional 982 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of nCino during the 3rd quarter valued at $65,000. Institutional investors own 94.76% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Wall Street Zen upgraded shares of nCino from a “hold” rating to a “buy” rating in a research report on Saturday. Stephens lowered their price objective on shares of nCino from $34.00 to $26.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Needham & Company LLC lowered their price objective on shares of nCino from $38.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. The Goldman Sachs Group lowered their price objective on shares of nCino from $28.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday, April 1st. Finally, Robert W. Baird lowered their price objective on shares of nCino from $34.00 to $24.00 and set an “outperform” rating for the company in a research report on Tuesday, March 31st. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, nCino has a consensus rating of “Moderate Buy” and an average price target of $26.07.

nCino Price Performance

NCNO opened at $18.02 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.00 and a debt-to-equity ratio of 0.25. nCino Inc. has a 12 month low of $13.80 and a 12 month high of $33.92. The company has a fifty day simple moving average of $16.65 and a 200 day simple moving average of $22.35. The stock has a market cap of $2.06 billion, a P/E ratio of 360.40, a P/E/G ratio of 3.35 and a beta of 0.61.

nCino (NASDAQ:NCNO) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.16. The business had revenue of $149.67 million during the quarter, compared to analysts’ expectations of $147.41 million. nCino had a net margin of 0.87% and a return on equity of 4.75%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.12 EPS. On average, research analysts expect that nCino Inc. will post 0.12 EPS for the current year.

Insider Activity

In other nCino news, CEO Sean Desmond sold 16,047 shares of the stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $18.68, for a total transaction of $299,757.96. Following the completion of the transaction, the chief executive officer owned 602,550 shares in the company, valued at approximately $11,255,634. This represents a 2.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Gregory Orenstein sold 10,562 shares of the stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $18.68, for a total value of $197,298.16. Following the transaction, the chief financial officer owned 451,184 shares of the company’s stock, valued at approximately $8,428,117.12. This trade represents a 2.29% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 106,241 shares of company stock worth $1,899,191. 5.70% of the stock is currently owned by insiders.

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.