American Century Companies Inc. Has $28.85 Million Holdings in nCino, Inc. (NASDAQ:NCNO)

American Century Companies Inc. grew its position in nCino, Inc. (NASDAQ:NCNO) by 29.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 917,304 shares of the company’s stock after purchasing an additional 207,692 shares during the quarter. American Century Companies Inc. owned about 0.80% of nCino worth $28,849,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in NCNO. Crewe Advisors LLC acquired a new position in nCino in the 2nd quarter valued at $26,000. Benjamin F. Edwards & Company Inc. bought a new stake in shares of nCino in the first quarter valued at about $52,000. Covestor Ltd grew its stake in shares of nCino by 29.6% in the first quarter. Covestor Ltd now owns 2,736 shares of the company’s stock valued at $102,000 after acquiring an additional 625 shares in the last quarter. Lazard Asset Management LLC increased its position in nCino by 145.6% during the first quarter. Lazard Asset Management LLC now owns 4,516 shares of the company’s stock worth $168,000 after acquiring an additional 2,677 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in nCino in the 4th quarter worth about $171,000. Institutional investors own 94.76% of the company’s stock.

nCino Stock Performance

Shares of nCino stock opened at $29.88 on Thursday. The business has a 50-day moving average price of $31.85 and a two-hundred day moving average price of $31.41. nCino, Inc. has a 1-year low of $27.13 and a 1-year high of $37.48. 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 has a market cap of $3.44 billion, a P/E ratio of -96.39, a PEG ratio of 22.77 and a beta of 0.58.

nCino (NASDAQ:NCNO) last issued its quarterly earnings results on Tuesday, August 27th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 positive return on equity of 1.06% and a negative net margin of 5.78%. The company’s revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.02) earnings per share. As a group, analysts anticipate that nCino, Inc. will post 0.06 EPS for the current year.

Wall Street Analyst Weigh In

NCNO has been the topic of a number of analyst reports. Robert W. Baird decreased their target price on shares of nCino from $37.00 to $36.00 and set a “neutral” rating on the stock in a research report on Thursday, May 30th. Raymond James raised 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. Needham & Company LLC dropped their price objective on nCino from $42.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, August 28th. Piper Sandler reiterated an “overweight” rating and set a $38.00 target price on shares of nCino in a research report on Wednesday, August 28th. Finally, Macquarie restated an “outperform” rating and issued a $40.00 price target on shares of nCino in a research report on Wednesday, August 28th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $38.00.

Insiders Place Their Bets

In related news, Director Insight Holdings Group, Llc sold 195,292 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $31.60, for a total value of $6,171,227.20. Following the transaction, the director now directly owns 2,057,578 shares in the company, valued at approximately $65,019,464.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Insight Holdings Group, Llc sold 195,292 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $31.60, for a total value of $6,171,227.20. Following the sale, the director now owns 2,057,578 shares in the company, valued at approximately $65,019,464.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeff Horing sold 133,487 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $31.51, for a total transaction of $4,206,175.37. Following the completion of the transaction, the director now directly owns 24,879,980 shares in the company, valued at approximately $783,968,169.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,741,422 shares of company stock worth $152,380,666. Corporate insiders own 28.40% of the company’s stock.

nCino 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.