Owls Nest Partners IA LLC Purchases New Stake in nCino Inc. $NCNO

Owls Nest Partners IA LLC acquired a new stake in shares of nCino Inc. (NASDAQ:NCNO - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,195,635 shares of the company's stock, valued at approximately $33,442,000. nCino makes up 7.9% of Owls Nest Partners IA LLC's investment portfolio, making the stock its 8th largest position. Owls Nest Partners IA LLC owned approximately 1.03% of nCino at the end of the most recent reporting period.Why Q2 Holdings Stock Could Be Your Next Big BuyA number of other hedge funds and other institutional investors have also recently modified their holdings of NCNO. Vanguard Group Inc. grew its position in nCino by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 11,666,955 shares of the company's stock worth $320,491,000 after acquiring an additional 836,182 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of nCino by 50.2% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,867,463 shares of the company's stock valued at $133,710,000 after purchasing an additional 1,626,446 shares during the last quarter. Long Path Partners LP grew its holdings in nCino by 61.1% during the 2nd quarter. Long Path Partners LP now owns 4,787,869 shares of the company's stock worth $133,917,000 after acquiring an additional 1,815,868 shares during the period. Invesco Ltd. increased its holdings in nCino by 3.6% in the first quarter. Invesco Ltd. now owns 2,697,437 shares of the company's stock worth $74,099,000 after purchasing an additional 94,940 shares in the last quarter. Finally, Conestoga Capital Advisors LLC increased its stake in shares of nCino by 24.0% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 2,669,920 shares of the company's stock valued at $74,678,000 after acquiring an additional 516,635 shares in the last quarter. Institutional investors own 94.76% of the company's stock. nCino Stock PerformanceShares of nCino stock opened at $25.88 on Thursday. The company has a market cap of $2.97 billion, a PE ratio of -143.78, a price-to-earnings-growth ratio of 7.10 and a beta of 0.53. nCino Inc. has a 52 week low of $18.75 and a 52 week high of $37.20. The business has a 50 day moving average price of $25.29 and a 200-day moving average price of $27.43. 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's path to profits: Niche fintech with strong prospectsnCino (NASDAQ:NCNO - Get Free Report) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.11. nCino had a positive return on equity of 2.28% and a negative net margin of 3.71%.The business had revenue of $152.16 million for the quarter, compared to analysts' expectations of $147.31 million. During the same period last year, the business earned $0.21 EPS. The business'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. Equities analysts anticipate that nCino Inc. will post 0.12 earnings per share for the current fiscal year. nCino declared that its board has authorized a stock buyback program on Monday, December 8th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 3.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's management believes its shares are undervalued. Insider ActivityIn other nCino news, insider April Rieger sold 4,731 shares of nCino stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $25.81, for a total transaction of $122,107.11. Following the transaction, the insider owned 229,774 shares of the company's stock, valued at $5,930,466.94. This trade represents a 2.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sean Desmond sold 10,006 shares of the business's stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $25.81, for a total value of $258,254.86. Following the completion of the transaction, the chief executive officer owned 618,597 shares in the company, valued at $15,965,988.57. The trade was a 1.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 31,942 shares of company stock valued at $811,960 in the last three months. 5.70% of the stock is owned by company insiders. Analysts Set New Price TargetsSeveral analysts have recently commented on NCNO shares. William Blair upgraded nCino from a "market perform" rating to an "outperform" rating in a research note on Friday, October 10th. Barclays upped their price target on nCino from $31.00 to $37.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Truist Financial reduced their price objective on nCino from $32.00 to $27.00 and set a "hold" rating for the company in a research note on Thursday, December 4th. Bank of America upped their target price on nCino from $34.00 to $38.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 27th. Finally, Morgan Stanley increased their target price on nCino from $33.00 to $35.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 27th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $33.47.Read Our Latest Report on NCNOAbout nCino (Free Report)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.Further ReadingFive stocks we like better than nCinoWhy Are These Companies Considered Blue Chips?GameStop Looks Broken: Here’s Why GME Could Crash in 2026The Role Economic Reports Play in a Successful Investment StrategyMarket Momentum: 3 Stocks Poised for Major BreakoutsHow is Compound Interest Calculated?3 Reasons Casey’s General Stores Will Continue Trending HigherThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in nCino Right Now?Before you consider nCino, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and nCino wasn't on the list.While nCino currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here