Palisade Capital Management LP Invests $3.46 Million in nCino Inc. $NCNO

Palisade Capital Management LP purchased a new position in nCino Inc. (NASDAQ:NCNO) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 211,835 shares of the company’s stock, valued at approximately $3,464,000.

Other large investors have also recently added to or reduced their stakes in the company. CWM LLC grew its holdings in nCino by 255.8% during the 4th quarter. CWM LLC now owns 1,142 shares of the company’s stock worth $29,000 after acquiring an additional 821 shares in the last quarter. Optiver Holding B.V. acquired a new stake in shares of nCino in the 1st quarter valued at about $32,000. Los Angeles Capital Management LLC bought a new position in shares of nCino during the fourth quarter worth about $38,000. Versant Capital Management Inc grew its stake in nCino by 664.9% in the second quarter. Versant Capital Management Inc now owns 2,417 shares of the company’s stock worth $40,000 after purchasing an additional 2,101 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in nCino by 76.2% in the fourth quarter. Farther Finance Advisors LLC now owns 1,670 shares of the company’s stock worth $43,000 after purchasing an additional 722 shares in the last quarter. 94.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Pierre Naude sold 4,677 shares of nCino stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $19.22, for a total transaction of $89,891.94. Following the sale, the director owned 1,116,707 shares of the company’s stock, valued at approximately $21,463,108.54. The trade was a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider April Rieger sold 7,852 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $19.22, for a total value of $150,915.44. Following the completion of the transaction, the insider directly owned 375,749 shares of the company’s stock, valued at $7,221,895.78. This trade represents a 2.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 83,350 shares of company stock valued at $1,568,144 in the last ninety days. Insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on NCNO shares. Citizens Jmp cut their price objective on nCino from $32.00 to $23.00 and set a “market outperform” rating on the stock in a research note on Monday, May 18th. The Goldman Sachs Group decreased their target price on nCino from $24.00 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, May 14th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of nCino in a report on Wednesday, June 24th. Wall Street Zen raised nCino from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Needham & Company LLC reissued a “buy” rating and set a $25.00 target price on shares of nCino in a report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.50.

Key Stories Impacting nCino

Here are the key news stories impacting nCino this week:

• Positive Sentiment: nCino reported second-quarter fiscal 2027 revenue of approximately $161 million, up 8.2% year over year and ahead of analyst expectations near $159 million. The company also authorized an additional $100 million stock repurchase program, which could support per-share value and signal management confidence. nCino Reports Second Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: Management said banks that initially adopted nCino’s agentic AI products have consumed their initial credit bundles and returned to purchase more. This suggests customer usage and monetization of AI agents are gaining traction, potentially creating an additional growth avenue beyond the core banking platform. Banks Double Down on nCino AI Agents After Using Initial Credits
• Neutral Sentiment: nCino guided for third-quarter fiscal 2027 revenue of $161.3 million to $163.3 million and full-year revenue of $644 million to $647 million. Both ranges are broadly in line with consensus estimates, offering limited evidence of a major near-term forecast upgrade. nCino Q2 2027 Earnings Call Transcript
• Negative Sentiment: Reported earnings were mixed. One data source listed EPS at $0.05, well below a $0.27 consensus estimate, while Zacks reported adjusted EPS of $0.30 versus expectations of $0.28. The discrepancy may reflect different earnings measures, but the reported GAAP miss can weigh on investor sentiment and raises questions about profitability quality. nCino Tops Q2 Earnings and Revenue Estimates

nCino Price Performance

Shares of NASDAQ NCNO opened at $20.81 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market capitalization of $2.28 billion, a PE ratio of 173.42 and a beta of 0.66. nCino Inc. has a 1-year low of $13.80 and a 1-year high of $33.92. The business’s fifty day moving average price is $17.90 and its two-hundred day moving average price is $16.87.

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.