nCino Inc. $NCNO Shares Sold by Petrus Trust Company LTA

Petrus Trust Company LTA cut its position in nCino Inc. (NASDAQ:NCNO) by 32.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,556 shares of the company’s stock after selling 4,019 shares during the period. Petrus Trust Company LTA’s holdings in nCino were worth $235,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Millennium Management LLC increased its holdings in shares of nCino by 16.6% in the first quarter. Millennium Management LLC now owns 303,853 shares of the company’s stock valued at $8,347,000 after purchasing an additional 43,247 shares during the period. Azora Capital LP acquired a new position in shares of nCino in the first quarter valued at about $3,580,000. Pembroke Management LTD increased its holdings in shares of nCino by 19.1% in the first quarter. Pembroke Management LTD now owns 684,008 shares of the company’s stock valued at $18,790,000 after purchasing an additional 109,916 shares during the period. Landscape Capital Management L.L.C. increased its holdings in shares of nCino by 21.1% in the first quarter. Landscape Capital Management L.L.C. now owns 17,518 shares of the company’s stock valued at $481,000 after purchasing an additional 3,057 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG increased its holdings in shares of nCino by 12.0% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 36,603 shares of the company’s stock valued at $1,005,000 after purchasing an additional 3,911 shares during the period. 94.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NCNO has been the topic of several analyst reports. Robert W. Baird raised their target price on nCino from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, August 27th. Bank of America raised their target price on nCino from $34.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, August 27th. Raymond James Financial raised their target price on nCino from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, August 27th. Needham & Company LLC raised their target price on nCino from $33.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, August 27th. Finally, Stephens raised their target price on nCino from $24.00 to $28.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 21st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $33.94.

Insider Activity at nCino

In other nCino news, Director Pierre Naude sold 4,659 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 $127,889.55. Following the transaction, the director owned 1,192,461 shares in the company, valued at approximately $32,733,054.45. This represents a 0.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Gregory Orenstein sold 4,155 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 value of $114,054.75. Following the transaction, the chief financial officer owned 466,099 shares in the company, valued at $12,794,417.55. This represents a 0.88% decrease in their position. 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 in the last ninety days. 5.70% of the stock is currently owned by company insiders.

nCino Stock Performance

Shares of NCNO stock opened at $30.40 on Wednesday. The company has a market capitalization of $3.52 billion, a P/E ratio of -104.83, a P/E/G ratio of 20.33 and a beta of 0.71. The business’s 50 day moving average is $29.24 and its two-hundred day moving average is $27.28. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.24. nCino Inc. has a 12-month low of $18.75 and a 12-month high of $43.20.

nCino (NASDAQ:NCNO) last issued its quarterly earnings results on Tuesday, August 26th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.08. The company had revenue of $148.82 million for the quarter, compared to the consensus estimate of $143.17 million. nCino had a positive return on equity of 1.18% and a negative net margin of 5.86%.nCino’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the business 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. Analysts expect 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.