nCino Inc. $NCNO Position Boosted by Tensile Capital Management LP

Tensile Capital Management LP grew its position in nCino Inc. (NASDAQ:NCNO) by 14.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,628,734 shares of the company’s stock after acquiring an additional 200,000 shares during the quarter. nCino makes up approximately 5.7% of Tensile Capital Management LP’s investment portfolio, making the stock its 8th biggest position. Tensile Capital Management LP’s holdings in nCino were worth $44,741,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Covestor Ltd raised its holdings in nCino by 27.6% in the first quarter. Covestor Ltd now owns 2,388 shares of the company’s stock valued at $66,000 after buying an additional 517 shares during the period. First Horizon Advisors Inc. increased its position in shares of nCino by 22.5% in the first quarter. First Horizon Advisors Inc. now owns 2,924 shares of the company’s stock worth $80,000 after acquiring an additional 538 shares in the last quarter. Xponance Inc. increased its position in shares of nCino by 7.9% in the first quarter. Xponance Inc. now owns 8,954 shares of the company’s stock worth $246,000 after acquiring an additional 656 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of nCino by 3.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 24,656 shares of the company’s stock valued at $828,000 after acquiring an additional 772 shares during the period. Finally, Angeles Wealth Management LLC raised its stake in shares of nCino by 13.4% in the 1st quarter. Angeles Wealth Management LLC now owns 7,402 shares of the company’s stock valued at $203,000 after acquiring an additional 877 shares during the period. Institutional investors and hedge funds own 94.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NCNO. Piper Sandler upped their price target on shares of nCino from $28.00 to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 27th. Citigroup restated an “outperform” rating on shares of nCino in a research note on Wednesday, August 27th. JMP Securities upped their target price on nCino from $35.00 to $41.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 27th. Bank of America increased their target price on nCino from $34.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, August 27th. Finally, Truist Financial raised their target price on nCino from $27.00 to $32.00 and gave the company a “hold” rating in a report on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $33.94.

Insider Activity at nCino

In other news, insider April Rieger sold 3,028 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $27.45, for a total transaction of $83,118.60. Following the completion of the transaction, the insider directly owned 240,523 shares in the company, valued at approximately $6,602,356.35. This represents a 1.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Gregory Orenstein sold 4,155 shares of nCino stock in a transaction on Monday, August 4th. The stock was sold at an average price of $27.45, for a total transaction of $114,054.75. Following the completion of the sale, the chief financial officer owned 466,099 shares of the company’s stock, valued at approximately $12,794,417.55. This trade represents a 0.88% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 564,772 shares of company stock worth $18,159,324. 5.70% of the stock is currently owned by insiders.

nCino Stock Performance

NASDAQ:NCNO opened at $30.40 on Friday. nCino Inc. has a 1-year low of $18.75 and a 1-year high of $43.20. The stock has a market cap of $3.52 billion, a P/E ratio of -104.83, a PEG ratio of 20.05 and a beta of 0.71. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a 50-day moving average of $29.13 and a two-hundred day moving average of $27.31.

nCino (NASDAQ:NCNO) last released its quarterly earnings results on Tuesday, August 26th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.14 by $0.08. The business had revenue of $148.82 million for the quarter, compared to analysts’ expectations of $143.17 million. nCino had a positive return on equity of 1.18% and a negative net margin of 5.86%.The company’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 earnings per share. nCino has set its FY 2026 guidance at 0.770-0.800 EPS. Q3 2026 guidance at 0.200-0.21 EPS. On average, research analysts expect that nCino Inc. will post 0.12 earnings per share for the current fiscal year.

nCino Company Profile

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.