Oppenheimer Asset Management Inc. Increases Position in nCino Inc. $NCNO

Oppenheimer Asset Management Inc. increased its stake in nCino Inc. (NASDAQ:NCNO) by 38.4% in the 2nd quarter, Holdings Channel reports. The fund owned 86,124 shares of the company’s stock after buying an additional 23,907 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in nCino were worth $2,409,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. State of New Jersey Common Pension Fund D boosted its position in nCino by 14.7% during the second quarter. State of New Jersey Common Pension Fund D now owns 70,647 shares of the company’s stock valued at $1,976,000 after buying an additional 9,078 shares during the period. Asset Management One Co. Ltd. boosted its position in nCino by 15.2% during the second quarter. Asset Management One Co. Ltd. now owns 4,284 shares of the company’s stock valued at $120,000 after buying an additional 566 shares during the period. Wallace Advisory Group LLC boosted its position in nCino by 5.2% during the second quarter. Wallace Advisory Group LLC now owns 8,977 shares of the company’s stock valued at $247,000 after buying an additional 444 shares during the period. Conestoga Capital Advisors LLC boosted its position in nCino by 24.0% during the second quarter. Conestoga Capital Advisors LLC now owns 2,669,920 shares of the company’s stock valued at $74,678,000 after buying an additional 516,635 shares during the period. Finally, Cottonwood Capital Advisors LLC purchased a new stake in nCino during the second quarter valued at about $234,000. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider April Rieger sold 3,028 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $27.45, for a total value of $83,118.60. Following the completion of the transaction, the insider directly owned 240,523 shares of the company’s stock, valued at $6,602,356.35. This represents a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jeff Horing sold 3,889,254 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $30.00, for a total transaction of $116,677,620.00. The SEC filing for this sale provides additional information. Insiders sold 4,480,723 shares of company stock valued at $135,667,553 over the last quarter. 5.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

NCNO has been the subject of several analyst reports. Needham & Company LLC upped their price target on shares of nCino from $33.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, August 27th. Piper Sandler upped their price objective on shares of nCino from $28.00 to $34.00 and gave the company a “neutral” rating in a research note on Wednesday, August 27th. UBS Group reaffirmed a “neutral” rating on shares of nCino in a research note on Wednesday, August 27th. Morgan Stanley upped their price objective on shares of nCino from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 27th. Finally, Bank of America upped their price objective on shares of nCino from $34.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, August 27th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $33.94.

nCino Price Performance

NCNO stock opened at $25.80 on Thursday. nCino Inc. has a 1 year low of $18.75 and a 1 year high of $43.20. The company has a market cap of $2.99 billion, a P/E ratio of -88.97, a PEG ratio of 16.90 and a beta of 0.64. The firm has a 50-day moving average of $28.08 and a 200 day moving average of $27.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 1.03.

nCino (NASDAQ:NCNO) last released its quarterly earnings results on Tuesday, August 26th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.08. nCino had a negative net margin of 5.86% and a positive return on equity of 1.18%. The company had revenue of $148.82 million during the quarter, compared to the consensus estimate of $143.17 million. During the same period in the prior year, the firm earned $0.14 earnings per share. nCino’s revenue was up 12.4% on a year-over-year basis. nCino has set its FY 2026 guidance at 0.770-0.800 EPS. Q3 2026 guidance at 0.200-0.21 EPS. On average, sell-side analysts forecast that nCino Inc. will post 0.12 EPS for the current year.

nCino Profile

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.