Lecap Asset Management Ltd. Invests $745,000 in nCino, Inc. (NASDAQ:NCNO)

Lecap Asset Management Ltd. acquired a new stake in nCino, Inc. (NASDAQ:NCNO - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 23,597 shares of the company's stock, valued at approximately $745,000.

A number of other institutional investors have also made changes to their positions in NCNO. Northwestern Mutual Wealth Management Co. raised its position in nCino by 3.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,602 shares of the company's stock valued at $459,000 after purchasing an additional 508 shares during the last quarter. First Bank & Trust grew its holdings in shares of nCino by 5.7% in the 2nd quarter. First Bank & Trust now owns 10,188 shares of the company's stock valued at $320,000 after acquiring an additional 546 shares in the last quarter. Precision Wealth Strategies LLC grew its holdings in nCino by 4.5% during the third quarter. Precision Wealth Strategies LLC now owns 13,564 shares of the company's stock worth $428,000 after purchasing an additional 589 shares during the period. Covestor Ltd lifted its position in nCino by 29.6% during the first quarter. Covestor Ltd now owns 2,736 shares of the company's stock worth $102,000 after acquiring an additional 625 shares during the last quarter. Finally, Mesirow Institutional Investment Management Inc. raised its position in shares of nCino by 6.1% in the first quarter. Mesirow Institutional Investment Management Inc. now owns 12,422 shares of the company's stock valued at $464,000 after buying an additional 719 shares in the last quarter. 94.76% of the stock is owned by institutional investors.

Insider Buying and Selling at nCino

In other news, Director Jeff Horing sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $33.30, for a total transaction of $1,665,000.00. Following the transaction, the director now directly owns 17,502,574 shares in the company, valued at approximately $582,835,714.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Jeff Horing sold 50,000 shares of nCino stock in a transaction on Monday, July 29th. The stock was sold at an average price of $33.30, for a total transaction of $1,665,000.00. Following the completion of the transaction, the director now owns 17,502,574 shares of the company's stock, valued at $582,835,714.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Insight Holdings Group, Llc sold 16,882 shares of nCino stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $33.11, for a total value of $558,963.02. Following the sale, the director now owns 1,381,929 shares of the company's stock, valued at approximately $45,755,669.19. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,102,466 shares of company stock worth $146,370,589 over the last three months. Insiders own 28.40% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on NCNO. Macquarie reaffirmed an "outperform" rating and set a $40.00 target price on shares of nCino in a research note on Wednesday. Piper Sandler restated an "overweight" rating and issued a $38.00 target price on shares of nCino in a report on Wednesday, August 28th. Stephens reaffirmed an "equal weight" rating and issued a $35.00 price objective on shares of nCino in a research report on Wednesday, August 28th. Raymond James raised shares of nCino from a "market perform" rating to an "outperform" rating and set a $38.00 target price for the company in a research report on Tuesday, September 3rd. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $43.00 price objective on shares of nCino in a report on Wednesday, August 28th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, nCino presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.82.

nCino Stock Performance

Shares of NASDAQ:NCNO traded down $0.42 during trading on Friday, hitting $37.83. 898,146 shares of the stock traded hands, compared to its average volume of 1,080,945. The company has a market cap of $4.35 billion, a price-to-earnings ratio of -123.39, a P/E/G ratio of 30.64 and a beta of 0.59. The company has a fifty day moving average price of $32.23 and a two-hundred day moving average price of $31.66. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.09. nCino, Inc. has a 52-week low of $27.27 and a 52-week high of $38.48.

nCino (NASDAQ:NCNO - Get Free Report) last announced its quarterly earnings data on Tuesday, August 27th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.01. nCino had a negative net margin of 5.78% and a positive return on equity of 1.06%. The firm had revenue of $132.40 million during the quarter, compared to analyst estimates of $131.06 million. During the same quarter in the prior year, the firm posted ($0.02) earnings per share. nCino's quarterly revenue was up 13.0% on a year-over-year basis. As a group, equities analysts predict that nCino, Inc. will post 0.05 EPS for the current year.

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.