Royce & Associates LP Invests $3.68 Million in nCino Inc. $NCNO

Royce & Associates LP purchased a new position in nCino Inc. (NASDAQ:NCNO) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 143,548 shares of the company’s stock, valued at approximately $3,681,000.

Other hedge funds have also modified their holdings of the company. Ranger Investment Management L.P. increased its stake in shares of nCino by 48.2% in the third quarter. Ranger Investment Management L.P. now owns 1,157,751 shares of the company’s stock worth $31,387,000 after acquiring an additional 376,506 shares during the last quarter. Vanguard Group Inc. increased its position in nCino by 1.7% during the third quarter. Vanguard Group Inc. now owns 11,924,703 shares of the company’s stock worth $323,279,000 after buying an additional 201,499 shares during the last quarter. Cramer Rosenthal Mcglynn LLC increased its position in nCino by 19.8% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 375,310 shares of the company’s stock worth $10,175,000 after buying an additional 62,142 shares during the last quarter. Algebris UK Ltd. increased its position in nCino by 266.2% during the fourth quarter. Algebris UK Ltd. now owns 1,032,782 shares of the company’s stock worth $26,493,000 after buying an additional 750,744 shares during the last quarter. Finally, Shannon River Fund Management LLC increased its position in nCino by 27.4% during the third quarter. Shannon River Fund Management LLC now owns 1,578,896 shares of the company’s stock worth $42,804,000 after buying an additional 339,863 shares during the last quarter. 94.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider April Rieger sold 9,693 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $18.02, for a total value of $174,667.86. Following the completion of the sale, the insider owned 383,601 shares in the company, valued at approximately $6,912,490.02. This trade represents a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Gregory Orenstein sold 14,650 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $18.02, for a total transaction of $263,993.00. Following the completion of the sale, the chief financial officer owned 702,293 shares of the company’s stock, valued at approximately $12,655,319.86. The trade was a 2.04% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 164,918 shares of company stock valued at $2,900,939 in the last quarter. 1.90% of the stock is currently owned by insiders.

nCino Stock Up 1.5%

NCNO stock opened at $16.08 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.89 and a quick ratio of 1.00. The company has a 50-day moving average of $16.52 and a two-hundred day moving average of $20.01. nCino Inc. has a 52-week low of $13.80 and a 52-week high of $33.92. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 134.00 and a beta of 0.72.

nCino (NASDAQ:NCNO) last released its earnings results on Tuesday, March 31st. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.16. nCino had a net margin of 2.17% and a return on equity of 6.85%. The business had revenue of $149.67 million during the quarter, compared to analysts’ expectations of $147.41 million. During the same quarter last year, the company earned $0.12 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. As a group, equities research analysts anticipate that nCino Inc. will post 0.61 EPS for the current year.

Analyst Upgrades and Downgrades

NCNO has been the topic of several analyst reports. The Goldman Sachs Group lowered their target price on shares of nCino from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th. Keefe, Bruyette & Woods lowered their target price on shares of nCino from $36.00 to $24.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 1st. Piper Sandler raised shares of nCino from a “neutral” rating to an “overweight” rating and lowered their target price for the stock from $30.00 to $22.00 in a research report on Wednesday, April 1st. Morgan Stanley lowered their target price on shares of nCino from $36.00 to $21.00 and set an “overweight” rating on the stock in a research report on Monday, March 30th. Finally, Needham & Company LLC reissued a “buy” rating and set a $25.00 target price on shares of nCino in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $25.21.

Key nCino News

Here are the key news stories impacting nCino this week:

• Positive Sentiment: nCino reported better-than-expected Q1 results, with earnings of $0.33 per share topping estimates and sales also coming in ahead of expectations, helping fuel a sharp rally in the stock. nCino (NASDAQ:NCNO) Posts Better-Than-Expected Sales In Q1 CY2026, Stock Jumps 11.2%
• Positive Sentiment: Needham reaffirmed its Buy rating and set a $25 price target, implying substantial upside from current levels. nCino had its “buy” rating reaffirmed by Needham & Company LLC.
• Positive Sentiment: A Seeking Alpha piece argued that nCino is “finally investable” after a stellar quarter, while another article highlighted the stock’s low valuation versus GF Value, reinforcing the bull case. nCino Is Finally Investable After A Stellar Quarter (Upgrade)
• Neutral Sentiment: Management updated FY2027 guidance, guiding revenue to $642 million-$646 million, slightly above the consensus estimate of $641.8 million; the update was supportive, but the provided EPS guidance was not fully specified.

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.