Janney Montgomery Scott LLC Increases Stock Holdings in nCino Inc. $NCNO

Janney Montgomery Scott LLC boosted its position in shares of nCino Inc. (NASDAQ:NCNO) by 12.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,199 shares of the company’s stock after acquiring an additional 1,105 shares during the quarter. Janney Montgomery Scott LLC’s holdings in nCino were worth $285,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NCNO. T. Rowe Price Investment Management Inc. boosted its holdings in nCino by 50.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,867,463 shares of the company’s stock valued at $133,710,000 after acquiring an additional 1,626,446 shares during the period. Vanguard Group Inc. boosted its holdings in nCino by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 11,666,955 shares of the company’s stock valued at $320,491,000 after acquiring an additional 836,182 shares during the period. Nuveen LLC purchased a new position in nCino during the 1st quarter valued at about $7,790,000. Algebris UK Ltd purchased a new position in nCino during the 1st quarter valued at about $6,689,000. Finally, Select Equity Group L.P. boosted its holdings in nCino by 395.3% during the 1st quarter. Select Equity Group L.P. now owns 265,211 shares of the company’s stock valued at $7,285,000 after acquiring an additional 211,665 shares during the period. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NCNO has been the topic of a number of analyst reports. Baird R W raised nCino from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. Robert W. Baird increased their price target on nCino from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, August 27th. Raymond James Financial increased their price target on nCino from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, August 27th. Truist Financial increased their price target on nCino from $27.00 to $32.00 and gave the company a “hold” rating in a research report on Wednesday, August 27th. Finally, Zacks Research lowered nCino from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, nCino presently has a consensus rating of “Hold” and an average target price of $33.94.

Insider Activity at nCino

In other nCino news, CFO Gregory Orenstein sold 4,155 shares of nCino 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 $114,054.75. Following the transaction, the chief financial officer owned 466,099 shares of the company’s stock, valued at $12,794,417.55. The trade was a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jeff Horing sold 3,889,254 shares of nCino stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $30.00, for a total value of $116,677,620.00. The disclosure for this sale can be found here. Insiders have sold a total of 4,480,723 shares of company stock valued at $135,667,553 over the last 90 days. 5.70% of the stock is owned by insiders.

nCino Price Performance

Shares of NASDAQ NCNO opened at $23.76 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.03 and a current ratio of 1.03. nCino Inc. has a fifty-two week low of $18.75 and a fifty-two week high of $43.20. The firm has a market capitalization of $2.75 billion, a PE ratio of -81.93, a price-to-earnings-growth ratio of 14.96 and a beta of 0.64. The stock’s 50-day simple moving average is $28.32 and its 200-day simple moving average is $26.99.

nCino (NASDAQ:NCNO) last issued its earnings results on Tuesday, August 26th. The company reported $0.22 earnings per share 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 analyst estimates of $143.17 million. nCino had a positive return on equity of 1.18% and a negative net margin of 5.86%.The business’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the company earned $0.14 EPS. nCino has set its FY 2026 guidance at 0.770-0.800 EPS. Q3 2026 guidance at 0.200-0.21 EPS. As a group, equities research analysts forecast that nCino Inc. will post 0.12 EPS 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.