nCino Inc. $NCNO Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its holdings in shares of nCino Inc. (NASDAQ:NCNO) by 78.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 168,411 shares of the company’s stock after selling 616,007 shares during the quarter. New York State Common Retirement Fund owned 0.15% of nCino worth $4,566,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NCNO. Long Path Partners LP raised its stake in shares of nCino by 61.1% in the 2nd quarter. Long Path Partners LP now owns 4,787,869 shares of the company’s stock valued at $133,917,000 after acquiring an additional 1,815,868 shares during the period. Conestoga Capital Advisors LLC grew its stake in shares of nCino by 24.0% in the second quarter. Conestoga Capital Advisors LLC now owns 2,669,920 shares of the company’s stock valued at $74,678,000 after buying an additional 516,635 shares in the last quarter. Bamco Inc. NY grew its position in nCino by 12.0% in the second quarter. Bamco Inc. NY now owns 2,052,953 shares of the company’s stock valued at $57,421,000 after acquiring an additional 220,028 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of nCino by 5.7% during the second quarter. Geode Capital Management LLC now owns 1,760,447 shares of the company’s stock valued at $49,247,000 after purchasing an additional 94,733 shares during the period. Finally, Spyglass Capital Management LLC purchased a new stake in shares of nCino during the second quarter worth about $44,190,000. 94.76% of the stock is owned by institutional investors and hedge funds.

nCino News Summary

Here are the key news stories impacting nCino this week:

• Positive Sentiment: Quarterly beat and constructive guidance — nCino reported revenue of $152.2M and EPS $0.31 (above estimates) and issued FY‑2026 and Q4‑2026 EPS guidance that signals improving profitability, which supports investor confidence. MarketBeat NCNO Summary
• Positive Sentiment: $100M buyback authorized — the board approved a $100M repurchase program (~3.7% of shares), which is a shareholder‑friendly action that can reduce float and support the share price. Buyback Mention
• Neutral Sentiment: Analyst consensus mixed but constructive — Street coverage averages a “Moderate Buy” with a mid‑$30s target, implying upside vs. current levels but wide analyst dispersion; this keeps sentiment balanced. Analyst Coverage
• Neutral Sentiment: Technical & ownership factors — high institutional ownership (~95%) and the stock trading below its 50‑ and 200‑day averages can amplify moves and limit near‑term momentum despite fundamental positives. Ownership & Technicals
• Negative Sentiment: Clustered insider selling (Feb 3–4) — CEO Sean Desmond, CFO Gregory Orenstein, Director Pierre Naude and other senior insiders sold sizable blocks at ~$18.26–$18.68 (aggregate proceeds ≈ $1.1–1.2M). Multiple Form 4s and concurrent sales raise investor concern and have likely created short‑term downward pressure. Insider Selling Alert
• Negative Sentiment: Press amplification of insider sales — coverage noting the insider selling can accelerate momentum selling and volatility until management provides context (e.g., routine diversification or planned liquidity). Media Note

nCino Stock Up 1.0%

NCNO stock opened at $18.15 on Friday. The company has a market cap of $2.08 billion, a price-to-earnings ratio of -100.83, a P/E/G ratio of 3.54 and a beta of 0.55. nCino Inc. has a twelve month low of $17.60 and a twelve month high of $34.55. The business has a 50 day moving average price of $24.17 and a two-hundred day moving average price of $26.34. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.24.

nCino (NASDAQ:NCNO) last released its quarterly earnings data on Wednesday, December 3rd. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.20 by $0.11. The company had revenue of $152.16 million during the quarter, compared to the consensus estimate of $147.31 million. nCino had a positive return on equity of 2.28% and a negative net margin of 3.71%.The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 EPS. nCino has set its FY 2026 guidance at 0.900-0.910 EPS and its Q4 2026 guidance at 0.210-0.220 EPS. Analysts anticipate that nCino Inc. will post 0.12 EPS for the current fiscal year.

nCino declared that its Board of Directors has initiated a share repurchase plan on Monday, December 8th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 3.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In related news, CFO Gregory Orenstein sold 10,562 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $18.68, for a total transaction of $197,298.16. Following the transaction, the chief financial officer directly owned 451,184 shares of the company’s stock, valued at approximately $8,428,117.12. This trade represents a 2.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeanette Sellers sold 2,182 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $18.26, for a total transaction of $39,843.32. Following the transaction, the senior vice president owned 43,219 shares in the company, valued at approximately $789,178.94. The trade was a 4.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 78,641 shares of company stock worth $1,559,400 in the last quarter. Company insiders own 5.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NCNO. Needham & Company LLC reiterated a “buy” rating and issued a $38.00 target price on shares of nCino in a report on Thursday, December 4th. William Blair upgraded nCino from a “market perform” rating to an “outperform” rating in a research report on Friday, October 10th. Keefe, Bruyette & Woods upped their price objective on nCino from $34.50 to $36.00 and gave the company an “outperform” rating in a report on Thursday, December 4th. Raymond James Financial upgraded nCino from an “outperform” rating to a “strong-buy” rating and set a $36.00 price target for the company in a report on Monday, October 20th. Finally, Barclays decreased their price objective on nCino from $37.00 to $34.00 and set an “overweight” rating for the company in a research report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.27.

nCino Company Profile

nCino, Inc provides a cloud-based banking operating system designed to modernize and streamline processes for financial institutions. Built on a software-as-a-service (SaaS) model, the nCino Bank Operating System integrates key banking functions into a unified platform, enabling banks and credit unions to enhance efficiency, reduce risk and improve customer experiences.

Founded in 2012 as a spinoff from Live Oak Bank, nCino launched its flagship offering to address the needs of commercial and retail lenders seeking to replace legacy systems.