Robeco Institutional Asset Management B.V. lowered its holdings in shares of nCino Inc. (NASDAQ:NCNO – Free Report) by 21.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 410,000 shares of the company’s stock after selling 110,000 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in nCino were worth $11,115,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in NCNO. Farther Finance Advisors LLC boosted its holdings in shares of 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 buying an additional 617 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of nCino by 68.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,127 shares of the company’s stock valued at $32,000 after acquiring an additional 458 shares during the period. Hilltop National Bank bought a new position in nCino during the second quarter worth $42,000. Parallel Advisors LLC grew its holdings in nCino by 23.8% in the second quarter. Parallel Advisors LLC now owns 4,248 shares of the company’s stock worth $119,000 after purchasing an additional 816 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in nCino by 15.2% in the second quarter. Asset Management One Co. Ltd. now owns 4,284 shares of the company’s stock valued at $120,000 after purchasing an additional 566 shares in the last quarter. 94.76% of the stock is currently owned by institutional investors.
Insider Activity at nCino
In other nCino news, CEO Sean Desmond sold 7,331 shares of nCino stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $24.51, for a total value of $179,682.81. Following the sale, the chief executive officer owned 618,597 shares of the company’s stock, valued at approximately $15,161,812.47. The trade was a 1.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Pierre Naude sold 4,881 shares of the business’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 $125,978.61. Following the completion of the transaction, the director owned 1,187,580 shares in the company, valued at approximately $30,651,439.80. The trade was a 0.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 40,780 shares of company stock worth $1,028,550. 5.70% of the stock is owned by company insiders.
nCino Price Performance
nCino (NASDAQ:NCNO – Get Free Report) last issued its quarterly earnings results on Wednesday, December 3rd. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.11. The company 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 revenue was up 9.6% on a year-over-year basis. During the same period last year, the business posted $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. On average, equities analysts predict that nCino Inc. will post 0.12 earnings per share for the current year.
nCino declared that its board has approved a share buyback program on Monday, December 8th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 3.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the stock. William Blair raised shares of nCino from a “market perform” rating to an “outperform” rating in a research report on Friday, October 10th. Raymond James Financial upgraded nCino from an “outperform” rating to a “strong-buy” rating and set a $36.00 price target on the stock in a report on Monday, October 20th. BTIG Research assumed coverage on nCino in a research note on Tuesday, December 16th. They issued a “neutral” rating for the company. 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, December 4th. Finally, Stephens raised shares of nCino from a “hold” rating to an “overweight” rating in a research report on Monday, October 27th. Three equities research 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $33.27.
View Our Latest Report on nCino
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.
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