Envestnet Asset Management Inc. Lowers Stock Holdings in nCino Inc. $NCNO

Envestnet Asset Management Inc. reduced its stake in nCino Inc. (NASDAQ:NCNO) by 21.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 324,988 shares of the company’s stock after selling 88,273 shares during the period. Envestnet Asset Management Inc. owned 0.28% of nCino worth $8,810,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Farther Finance Advisors LLC increased its holdings in nCino by 186.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 948 shares of the company’s stock worth $26,000 after purchasing an additional 617 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of nCino by 68.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,127 shares of the company’s stock worth $32,000 after buying an additional 458 shares during the period. AlphaQuest LLC grew 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 worth $37,000 after buying an additional 1,356 shares in the last quarter. Asset Management One Co. Ltd. grew its position in shares of nCino by 15.2% during the 2nd quarter. Asset Management One Co. Ltd. now owns 4,284 shares of the company’s stock worth $120,000 after buying an additional 566 shares in the last quarter. Finally, Prudential Financial Inc. purchased a new position in shares of nCino during the second quarter valued at $208,000. Institutional investors own 94.76% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on NCNO. UBS Group reiterated a “buy” rating and set a $36.00 target price on shares of nCino in a report on Tuesday, December 9th. Piper Sandler lowered their price target on shares of nCino from $34.00 to $30.00 and set a “neutral” rating for the company in a research report on Thursday, December 4th. Truist Financial cut their price objective on shares of nCino from $32.00 to $27.00 and set a “hold” rating on the stock in a report on Thursday, December 4th. Stephens raised shares of nCino from a “hold” rating to an “overweight” rating in a research note on Monday, October 27th. Finally, Zacks Research lowered nCino from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $32.33.

nCino Price Performance

NASDAQ NCNO opened at $16.00 on Friday. The firm’s fifty day simple moving average is $22.73 and its two-hundred day simple moving average is $25.53. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.24. nCino Inc. has a 12-month low of $15.68 and a 12-month high of $33.92. The firm has a market capitalization of $1.83 billion, a P/E ratio of -88.89, a P/E/G ratio of 3.22 and a beta of 0.55.

nCino (NASDAQ:NCNO) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.20 by $0.11. nCino had a positive return on equity of 2.28% and a negative net margin of 3.71%.The firm had revenue of $152.16 million during the quarter, compared to analyst estimates of $147.31 million. During the same quarter in the prior year, the business posted $0.21 EPS. The business’s revenue for the quarter 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. Analysts forecast that nCino Inc. will post 0.12 EPS for the current fiscal year.

nCino declared that its board has initiated a stock repurchase plan on Monday, December 8th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 3.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at nCino

In other nCino news, Director Pierre Naude sold 24,273 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $18.68, for a total transaction of $453,419.64. Following the sale, the director owned 1,166,823 shares of the company’s stock, valued at approximately $21,796,253.64. The trade was a 2.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Jeanette Sellers sold 2,182 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $18.26, for a total transaction of $39,843.32. Following the transaction, the senior vice president owned 43,219 shares in the company, valued at $789,178.94. The trade was a 4.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 78,641 shares of company stock valued at $1,559,400. Insiders own 5.70% of the company’s stock.

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.