nCino Inc. $NCNO Shares Acquired by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC grew its holdings in nCino Inc. (NASDAQ:NCNO) by 25.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,861,024 shares of the company’s stock after buying an additional 585,786 shares during the quarter. Conestoga Capital Advisors LLC’s holdings in nCino were worth $73,357,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. FNY Investment Advisers LLC lifted its position in shares of nCino by 15.9% during the 4th quarter. FNY Investment Advisers LLC now owns 3,228 shares of the company’s stock worth $82,000 after purchasing an additional 444 shares during the last quarter. US Bancorp DE lifted its position in shares of nCino by 1.6% during the 3rd quarter. US Bancorp DE now owns 32,042 shares of the company’s stock worth $869,000 after purchasing an additional 501 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of nCino by 186.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 948 shares of the company’s stock worth $26,000 after purchasing an additional 617 shares during the last quarter. Lecap Asset Management Ltd. lifted its position in shares of nCino by 2.3% during the 4th quarter. Lecap Asset Management Ltd. now owns 31,163 shares of the company’s stock worth $799,000 after purchasing an additional 691 shares during the last quarter. Finally, Captrust Financial Advisors lifted its position in shares of nCino by 1.2% during the 3rd quarter. Captrust Financial Advisors now owns 62,747 shares of the company’s stock worth $1,701,000 after purchasing an additional 743 shares during the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

Insider Transactions at nCino

In related news, SVP Jeanette Sellers sold 1,873 shares of the business’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $17.55, for a total value of $32,871.15. Following the completion of the sale, the senior vice president directly owned 40,611 shares of the company’s stock, valued at $712,723.05. The trade was a 4.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider April Rieger sold 5,747 shares of the business’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $16.75, for a total transaction of $96,262.25. Following the completion of the sale, the insider directly owned 215,949 shares of the company’s stock, valued at approximately $3,617,145.75. This trade represents a 2.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 123,554 shares of company stock valued at $2,195,469 over the last quarter. 5.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on NCNO shares. Truist Financial decreased their price objective on shares of nCino from $27.00 to $19.00 and set a “hold” rating for the company in a research report on Wednesday, April 1st. Needham & Company LLC decreased their price objective on shares of nCino from $38.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Morgan Stanley decreased their price objective on shares of nCino from $36.00 to $21.00 and set an “overweight” rating for the company in a research report on Monday, March 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of nCino in a research report on Thursday, January 22nd. Finally, The Goldman Sachs Group decreased their price objective on shares of nCino from $28.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday, April 1st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, nCino presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.07.

nCino Price Performance

Shares of NCNO opened at $17.48 on Friday. nCino Inc. has a 1-year low of $13.80 and a 1-year high of $33.92. The stock has a market cap of $2.00 billion, a PE ratio of 349.60, a price-to-earnings-growth ratio of 7.82 and a beta of 0.61. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a fifty day moving average price of $16.45 and a 200 day moving average price of $21.31.

nCino (NASDAQ:NCNO) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.16. nCino had a net margin of 0.87% and a return on equity of 4.75%. The firm had revenue of $149.67 million during the quarter, compared to analysts’ expectations of $147.41 million. During the same period in the previous year, the company earned $0.12 earnings per share. nCino’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that nCino Inc. will post 0.52 EPS for the current year.

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.