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

Brown Brothers Harriman & Co. increased its holdings in shares of nCino, Inc. (NASDAQ:NCNO) by 55.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,065,880 shares of the company’s stock after buying an additional 736,627 shares during the period. Brown Brothers Harriman & Co. owned 1.79% of nCino worth $65,261,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of NCNO. Vanguard Group Inc. lifted its stake in shares of nCino by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 7,122,722 shares of the company’s stock valued at $266,247,000 after purchasing an additional 148,390 shares during the period. Lazard Asset Management LLC increased its holdings in nCino by 145.6% in the first quarter. Lazard Asset Management LLC now owns 4,516 shares of the company’s stock valued at $168,000 after purchasing an additional 2,677 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its stake in nCino by 18.8% in the first quarter. Silvercrest Asset Management Group LLC now owns 454,249 shares of the company’s stock valued at $16,980,000 after buying an additional 71,744 shares during the period. Motley Fool Asset Management LLC bought a new position in nCino during the first quarter worth 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 buying an additional 10,000 shares during the period. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Raymond James upgraded shares of nCino from a “market perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a research report on Tuesday, September 3rd. William Blair reissued an “outperform” rating on shares of nCino in a research report on Wednesday, August 28th. JMP Securities reissued a “market outperform” rating and issued a $43.00 price target on shares of nCino in a report on Wednesday, August 28th. Stephens reaffirmed an “equal weight” rating and set a $35.00 price objective on shares of nCino in a research note on Wednesday, August 28th. Finally, Truist Financial reiterated a “buy” rating and set a $44.00 target price (up from $37.00) on shares of nCino in a report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.82.

nCino Stock Up 2.4 %

Shares of nCino stock opened at $41.42 on Monday. nCino, Inc. has a 52-week low of $27.47 and a 52-week high of $43.20. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.08 and a current ratio of 1.08. The business’s 50 day simple moving average is $35.70 and its 200 day simple moving average is $32.99. The firm has a market cap of $4.79 billion, a PE ratio of -153.40, a P/E/G ratio of 34.35 and a beta of 0.55.

nCino (NASDAQ:NCNO) last announced its quarterly earnings data on Tuesday, August 27th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The business 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 firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. On average, analysts predict that nCino, Inc. will post 0.05 earnings per share for the current fiscal year.

Insider Activity at nCino

In related news, CFO Gregory Orenstein sold 3,885 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $35.05, for a total transaction of $136,169.25. Following the transaction, the chief financial officer now directly owns 276,892 shares in the company, valued at approximately $9,705,064.60. The trade was a 1.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sean Desmond sold 30,000 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $34.77, for a total transaction of $1,043,100.00. Following the completion of the sale, the insider now owns 341,511 shares of the company’s stock, valued at approximately $11,874,337.47. This represents a 8.08 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,235,029 shares of company stock valued at $117,599,204. Insiders own 28.40% of the company’s stock.

About nCino

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.