Connor Clark & Lunn Investment Management Ltd. Boosts Stake in nCino Inc. $NCNO

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of nCino Inc. (NASDAQ:NCNO) by 208.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 107,594 shares of the company’s stock after purchasing an additional 72,716 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.09% of nCino worth $3,009,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of NCNO. CM Wealth Advisors LLC purchased a new stake in shares of nCino in the 2nd quarter valued at approximately $307,000. Vestmark Advisory Solutions Inc. acquired a new stake in shares of nCino in the second quarter valued at $423,000. Malaga Cove Capital LLC raised its holdings in shares of nCino by 24.7% in the 2nd quarter. Malaga Cove Capital LLC now owns 45,151 shares of the company’s stock valued at $1,263,000 after buying an additional 8,950 shares during the period. Nicholas Company Inc. lifted its stake in nCino by 11.5% during the 2nd quarter. Nicholas Company Inc. now owns 254,783 shares of the company’s stock worth $7,126,000 after acquiring an additional 26,243 shares in the last quarter. Finally, Pier Capital LLC purchased a new position in nCino during the 2nd quarter valued at about $8,104,000. Institutional investors and hedge funds own 94.76% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Sean Desmond sold 10,006 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $25.81, for a total value of $258,254.86. Following the completion of the sale, the chief executive officer directly owned 618,597 shares of the company’s stock, valued at $15,965,988.57. This represents a 1.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider April Rieger sold 4,731 shares of nCino stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $25.81, for a total value of $122,107.11. Following the transaction, the insider directly owned 229,774 shares in the company, valued at approximately $5,930,466.94. This trade represents a 2.02% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 4,483,731 shares of company stock worth $135,709,761. Corporate insiders own 5.70% of the company’s stock.

nCino Price Performance

NCNO stock opened at $25.52 on Friday. The business has a 50 day moving average price of $27.01 and a 200 day moving average price of $27.35. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of -88.00, a PEG ratio of 16.05 and a beta of 0.62. nCino Inc. has a fifty-two week low of $18.75 and a fifty-two week high of $42.88.

nCino (NASDAQ:NCNO) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $143.17 million. nCino had a negative net margin of 5.86% and a positive return on equity of 1.18%. The company’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. Equities research analysts anticipate that nCino Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on NCNO shares. Citigroup reissued an “outperform” rating on shares of nCino in a research note on Wednesday, August 27th. Truist Financial raised their price target on shares of nCino from $27.00 to $32.00 and gave the company a “hold” rating in a research report on Wednesday, August 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of nCino in a research note on Wednesday, October 8th. Robert W. Baird boosted their target price on nCino from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 27th. Finally, Morgan Stanley increased their price target on nCino from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 27th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $33.94.

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.