JPMorgan Chase & Co. Sells 170,687 Shares of nCino Inc. $NCNO

JPMorgan Chase & Co. trimmed its position in shares of nCino Inc. (NASDAQ:NCNO) by 14.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,046,781 shares of the company’s stock after selling 170,687 shares during the period. JPMorgan Chase & Co. owned 0.90% of nCino worth $28,378,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Advisors Asset Management Inc. raised its holdings in nCino by 68.5% during the second quarter. Advisors Asset Management Inc. now owns 1,127 shares of the company’s stock valued at $32,000 after acquiring an additional 458 shares during the period. Farther Finance Advisors LLC raised its stake in nCino by 186.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 948 shares of the company’s stock valued at $26,000 after purchasing an additional 617 shares during the period. AlphaQuest LLC lifted its holdings in nCino by 5,022.2% in the 3rd quarter. AlphaQuest LLC now owns 1,383 shares of the company’s stock worth $37,000 after purchasing an additional 1,356 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in nCino by 10.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 15,834 shares of the company’s stock worth $443,000 after purchasing an additional 1,501 shares during the period. Finally, Gagnon Securities LLC grew its holdings in nCino by 4.2% during the 3rd quarter. Gagnon Securities LLC now owns 38,258 shares of the company’s stock valued at $1,037,000 after buying an additional 1,526 shares in the last quarter. Institutional investors own 94.76% of the company’s stock.

Insider Buying and Selling at nCino

In other news, CEO Sean Desmond sold 16,047 shares of the stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $18.68, for a total value of $299,757.96. Following the sale, the chief executive officer owned 602,550 shares of the company’s stock, valued at approximately $11,255,634. This represents a 2.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Pierre Naude sold 24,273 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $18.68, for a total transaction of $453,419.64. Following the completion of the sale, the director owned 1,166,823 shares of the company’s stock, valued at $21,796,253.64. This trade represents a 2.04% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 78,641 shares of company stock valued at $1,559,400. Insiders own 5.70% of the company’s stock.

nCino Trading Down 2.9%

NCNO opened at $16.14 on Friday. The stock has a 50-day moving average of $21.59 and a 200 day moving average of $25.05. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.24. nCino Inc. has a 12 month low of $13.80 and a 12 month high of $33.92. The firm has a market cap of $1.85 billion, a P/E ratio of -89.67, a P/E/G ratio of 3.18 and a beta of 0.55.

nCino (NASDAQ:NCNO) last posted its quarterly earnings data on Wednesday, December 3rd. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.11. The business had revenue of $152.16 million during the quarter, compared to analyst estimates of $147.31 million. nCino had a positive return on equity of 2.28% and a negative net margin of 3.71%.The company’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period last year, the company earned $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. As a group, research analysts forecast that nCino Inc. will post 0.12 EPS for the current year.

nCino announced that its Board of Directors has authorized a stock repurchase program on Monday, December 8th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 3.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NCNO. Piper Sandler dropped their target price on shares of nCino from $34.00 to $30.00 and set a “neutral” rating for the company in a research report on Thursday, December 4th. Zacks Research downgraded shares of nCino from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Truist Financial reduced their target price on nCino from $32.00 to $27.00 and set a “hold” rating on the stock in a report on Thursday, December 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of nCino in a research report on Thursday, January 22nd. Finally, UBS Group reissued a “buy” rating and set a $36.00 price target on shares of nCino in a research note on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.33.

nCino 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.