Brown Capital Management LLC Has $45.66 Million Position in nCino Inc. $NCNO

Brown Capital Management LLC trimmed its position in nCino Inc. (NASDAQ:NCNO) by 18.2% during the third quarter, Holdings Channel reports. The institutional investor owned 1,684,116 shares of the company’s stock after selling 375,759 shares during the quarter. nCino makes up about 1.9% of Brown Capital Management LLC’s investment portfolio, making the stock its 23rd biggest holding. Brown Capital Management LLC’s holdings in nCino were worth $45,656,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in shares of nCino by 186.4% in 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 last quarter. Advisors Asset Management Inc. lifted its holdings in nCino by 68.5% in the second quarter. Advisors Asset Management Inc. now owns 1,127 shares of the company’s stock valued at $32,000 after buying an additional 458 shares during the period. AlphaQuest LLC boosted its stake in nCino by 5,022.2% in the third quarter. AlphaQuest LLC now owns 1,383 shares of the company’s stock valued at $37,000 after acquiring an additional 1,356 shares during the last quarter. Hilltop National Bank acquired a new stake in nCino during the 2nd quarter worth $42,000. Finally, Asset Management One Co. Ltd. raised its position in shares of nCino by 15.2% during the 2nd quarter. Asset Management One Co. Ltd. now owns 4,284 shares of the company’s stock valued at $120,000 after acquiring an additional 566 shares during the last quarter. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Sean Desmond sold 7,331 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $24.11, for a total transaction of $176,750.41. Following the completion of the transaction, the chief executive officer directly owned 618,597 shares of the company’s stock, valued at approximately $14,914,373.67. This represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jeanette Sellers sold 1,507 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $24.49, for a total value of $36,906.43. Following the completion of the transaction, the senior vice president owned 46,731 shares of the company’s stock, valued at approximately $1,144,442.19. This represents a 3.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 16,169 shares of company stock valued at $393,340 in the last 90 days. 5.70% of the stock is owned by corporate insiders.

nCino Price Performance

Shares of NCNO opened at $20.92 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.24. nCino Inc. has a twelve month low of $18.75 and a twelve month high of $34.55. The stock has a market capitalization of $2.40 billion, a P/E ratio of -116.22, a P/E/G ratio of 5.58 and a beta of 0.55. The company has a 50 day moving average of $24.67 and a 200-day moving average of $26.63.

nCino (NASDAQ:NCNO) last announced its earnings results on Wednesday, December 3rd. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.20 by $0.11. nCino had a negative net margin of 3.71% and a positive return on equity of 2.28%. The business had revenue of $152.16 million during the quarter, compared to analysts’ expectations of $147.31 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The firm’s revenue was up 9.6% on a year-over-year basis. 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, equities research analysts forecast that nCino Inc. will post 0.12 EPS for the current fiscal year.

nCino announced that its board has approved a stock repurchase plan on Monday, December 8th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 3.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several research firms have recently issued reports on NCNO. Zacks Research upgraded nCino from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 27th. Truist Financial cut their target price on shares of nCino from $32.00 to $27.00 and set a “hold” rating on the stock in a report on Thursday, December 4th. William Blair upgraded shares of nCino from a “market perform” rating to an “outperform” rating in a research report on Friday, October 10th. Barclays reduced their target price on nCino from $37.00 to $34.00 and set an “overweight” rating on the stock in a report on Monday, January 5th. Finally, Raymond James Financial upgraded nCino from an “outperform” rating to a “strong-buy” rating and set a $36.00 price objective on the stock in a report on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, nCino has a consensus rating of “Moderate Buy” and an average price target of $33.27.

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.