First Bank & Trust Reduces Holdings in nCino Inc. $NCNO

by · The Cerbat Gem

First Bank & Trust reduced its holdings in shares of nCino Inc. (NASDAQ:NCNO – Free Report) by 6.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 7,301 shares of the company’s stock after selling 510 shares during the period. First Bank & Trust’s holdings in nCino were worth $204,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Advisors Capital Management LLC increased its holdings in nCino by 0.7% during the 1st quarter. Advisors Capital Management LLC now owns 66,270 shares of the company’s stock valued at $1,820,000 after acquiring an additional 479 shares in the last quarter. Covestor Ltd increased its holdings in nCino by 27.6% during the 1st quarter. Covestor Ltd now owns 2,388 shares of the company’s stock valued at $66,000 after acquiring an additional 517 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in nCino by 22.5% during the 1st quarter. First Horizon Advisors Inc. now owns 2,924 shares of the company’s stock valued at $80,000 after acquiring an additional 538 shares in the last quarter. Xponance Inc. grew its holdings in shares of nCino by 7.9% during the first quarter. Xponance Inc. now owns 8,954 shares of the company’s stock worth $246,000 after buying an additional 656 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of nCino by 23.8% during the second quarter. Parallel Advisors LLC now owns 4,248 shares of the company’s stock worth $119,000 after buying an additional 816 shares in the last quarter. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

nCino Trading Down 0.9%

NASDAQ NCNO opened at $29.99 on Wednesday. The company’s fifty day simple moving average is $29.38 and its 200-day simple moving average is $27.24. nCino Inc. has a 52 week low of $18.75 and a 52 week high of $43.20. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.24. The stock has a market cap of $3.47 billion, a P/E ratio of -103.41, a PEG ratio of 19.95 and a beta of 0.71.

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on NCNO shares. JPMorgan Chase & Co. started coverage on shares of nCino in a report on Wednesday, June 18th. They set a “neutral” rating and a $30.00 price target for the company. Baird R W upgraded shares of nCino from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Piper Sandler lifted their price target on shares of nCino from $28.00 to $34.00 and gave the stock a “neutral” rating in a report on Wednesday, August 27th. UBS Group reiterated a “neutral” rating on shares of nCino in a report on Wednesday, August 27th. Finally, Robert W. Baird lifted their price target on shares of nCino from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $33.94.

Get Our Latest Stock Report on NCNO

Insider Buying and Selling at nCino

In other news, Director Jeff Horing sold 3,889,254 shares of the business’s stock in a transaction on Monday, September 8th. The shares were 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 is available through this hyperlink. Also, Director Pierre Naude sold 4,659 shares of the business’s stock in a transaction 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 directly owned 1,192,461 shares in the company, valued at approximately $32,733,054.45. The trade was a 0.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,480,723 shares of company stock valued at $135,667,553. 5.70% of the stock is owned by company insiders.

About nCino

(Free Report)

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.

See Also

Want to see what other hedge funds are holding NCNO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for nCino Inc. (NASDAQ:NCNO – Free Report).