Brown Brothers Harriman & Co. Has $65.26 Million Position in nCino, Inc. (NASDAQ:NCNO)

Brown Brothers Harriman & Co. raised its position in nCino, Inc. (NASDAQ:NCNO) by 55.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,065,880 shares of the company’s stock after purchasing an additional 736,627 shares during the period. Brown Brothers Harriman & Co.’s holdings in nCino were worth $65,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of nCino by 2.1% in the first quarter. Vanguard Group Inc. now owns 7,122,722 shares of the company’s stock valued at $266,247,000 after acquiring an additional 148,390 shares during the period. Lazard Asset Management LLC raised its stake in nCino by 145.6% in the 1st quarter. Lazard Asset Management LLC now owns 4,516 shares of the company’s stock worth $168,000 after purchasing an additional 2,677 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its holdings in nCino by 18.8% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 454,249 shares of the company’s stock valued at $16,980,000 after purchasing an additional 71,744 shares during the period. Motley Fool Asset Management LLC bought a new stake in nCino in the 1st quarter valued at about $1,196,000. Finally, Washington Harbour Partners LP grew its position in shares of nCino by 17.1% during the 1st quarter. Washington Harbour Partners LP now owns 68,604 shares of the company’s stock worth $2,564,000 after purchasing an additional 10,000 shares in the last quarter. Institutional investors own 94.76% of the company’s stock.

nCino Trading Up 2.4 %

NCNO opened at $41.42 on Monday. The company has a market cap of $4.79 billion, a P/E ratio of -153.40, a PEG ratio of 34.35 and a beta of 0.55. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.09. The company’s 50 day moving average is $35.70 and its 200-day moving average is $32.99. nCino, Inc. has a 1-year low of $27.47 and a 1-year high of $43.20.

nCino (NASDAQ:NCNO) last issued its earnings results on Tuesday, August 27th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $132.40 million for the quarter, compared to analyst estimates of $131.06 million. nCino had a negative net margin of 5.78% and a positive return on equity of 1.06%. The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.02) earnings per share. Equities research analysts predict that nCino, Inc. will post 0.05 earnings per share for the current fiscal year.

Insider Activity at nCino

In other news, CFO Gregory Orenstein sold 3,885 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $35.05, for a total value of $136,169.25. Following the completion of the transaction, the chief financial officer now owns 276,892 shares of the company’s stock, valued at $9,705,064.60. This represents a 1.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jeff Horing sold 1,833,975 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $36.62, for a total transaction of $67,160,164.50. Following the completion of the transaction, the director now owns 12,513,467 shares of the company’s stock, valued at approximately $458,243,161.54. This trade represents a 12.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,235,029 shares of company stock valued at $117,599,204 in the last 90 days. 28.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NCNO. Truist Financial reiterated a “buy” rating and issued a $44.00 price target (up from $37.00) on shares of nCino in a research report on Monday, October 21st. Piper Sandler reaffirmed an “overweight” rating and issued a $38.00 price objective on shares of nCino in a report on Wednesday, August 28th. Stephens reissued an “equal weight” rating and set a $35.00 target price on shares of nCino in a report on Wednesday, August 28th. JMP Securities restated a “market outperform” rating and issued a $43.00 price target on shares of nCino in a research report on Wednesday, August 28th. Finally, Needham & Company LLC cut their price objective on shares of nCino from $42.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, August 28th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, nCino presently has an average rating of “Moderate Buy” and an average target price of $38.82.

nCino Company 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.