Senvest Management LLC Acquires New Position in nCino Inc. $NCNO

Senvest Management LLC purchased a new stake in shares of nCino Inc. (NASDAQ:NCNO) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 65,000 shares of the company’s stock, valued at approximately $1,818,000. Senvest Management LLC owned about 0.06% of nCino at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in NCNO. Hilltop National Bank bought a new stake in shares of nCino in the 2nd quarter valued at about $42,000. Covestor Ltd lifted its position 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 purchasing an additional 517 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of nCino during the first quarter valued at approximately $102,000. Parallel Advisors LLC boosted its stake in shares of nCino by 23.8% during the second quarter. Parallel Advisors LLC now owns 4,248 shares of the company’s stock valued at $119,000 after purchasing an additional 816 shares during the period. Finally, Asset Management One Co. Ltd. grew its holdings in shares of nCino by 15.2% in the second quarter. Asset Management One Co. Ltd. now owns 4,284 shares of the company’s stock worth $120,000 after purchasing an additional 566 shares during the last quarter. 94.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Jeff Horing sold 3,889,254 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $30.00, for a total transaction of $116,677,620.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Pierre Naude sold 4,881 shares of nCino stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $25.81, for a total value of $125,978.61. Following the completion of the sale, the director directly owned 1,187,580 shares of the company’s stock, valued at $30,651,439.80. The trade was a 0.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,483,731 shares of company stock worth $135,709,761 in the last 90 days. Insiders own 5.70% of the company’s stock.

Wall Street Analysts Forecast Growth

NCNO has been the subject of several research analyst reports. Morgan Stanley raised their target price on shares of nCino from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 27th. William Blair raised nCino from a “market perform” rating to an “outperform” rating in a research report on Friday, October 10th. UBS Group reiterated a “neutral” rating on shares of nCino in a report on Wednesday, August 27th. Barclays lifted their price target on nCino from $31.00 to $37.00 and gave the company an “overweight” rating in a research report on Wednesday, August 27th. Finally, Bank of America raised their price objective on nCino from $34.00 to $38.00 and gave the company a “neutral” rating in a research report on Wednesday, August 27th. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, nCino currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.94.

nCino Stock Performance

Shares of nCino stock opened at $24.83 on Tuesday. nCino Inc. has a 1 year low of $18.75 and a 1 year high of $42.88. The firm’s 50-day moving average is $26.89 and its 200 day moving average is $27.42. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of -85.62, a PEG ratio of 16.07 and a beta of 0.62. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 1.03.

nCino (NASDAQ:NCNO) last announced its quarterly earnings data on Tuesday, August 26th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.08. The company had revenue of $148.82 million during the quarter, compared to analyst estimates of $143.17 million. nCino had a negative net margin of 5.86% and a positive return on equity of 1.18%. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the previous year, the business 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. Sell-side analysts anticipate that nCino Inc. will post 0.12 EPS for the current fiscal year.

About nCino

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.