nCinoNCNO
About: Ncino Inc is a provider of cloud-based software for financial institutions. Its software solution digitizes, automates, and streamlines inefficient and complex processes & workflow and utilizes data analytics & artificial intelligence that enables financial institutions to onboard new clients, make loans and manage the entire loan life cycle, open deposits, and other accounts and manage regulatory compliance. It also offers professional services, including configuration & implementation, training, and advisory services. Ncino generates the majority of its revenue from subscription services. The company caters to financial institutions, enterprise banks, regional banks, community banks, and credit unions. The vast majority of its revenue comes from the United States.
Employees: 1,653
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
519% more call options, than puts
Call options by funds: $44.2M | Put options by funds: $7.14M
142% more repeat investments, than reductions
Existing positions increased: 121 | Existing positions reduced: 50
65% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 34
14% more funds holding in top 10
Funds holding in top 10: 7 [Q1] → 8 (+1) [Q2]
10% more funds holding
Funds holding: 224 [Q1] → 246 (+22) [Q2]
3.01% more ownership
Funds ownership: 94.93% [Q1] → 97.95% (+3.01%) [Q2]
12% less capital invested
Capital invested by funds: $4.05B [Q1] → $3.54B (-$506M) [Q2]
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Truist Securities Terry Tillman 71% 1-year accuracy 29 / 41 met price target | 19%upside $44 | Buy Reiterated | 21 Oct 2024 |
Raymond James Alexander Sklar 0 / 0 met price target | 3%upside $38 | Outperform Upgraded | 3 Sept 2024 |
Macquarie Robert Trout 0 / 0 met price target | 8%upside $40 | Outperform Reiterated | 28 Aug 2024 |
JMP Securities Aaron Kimson 33% 1-year accuracy 1 / 3 met price target | 16%upside $43 | Market Outperform Reiterated | 28 Aug 2024 |
Truist Securities Terry Tillman 71% 1-year accuracy 29 / 41 met price target | 0%downside $37 | Buy Reiterated | 28 Aug 2024 |
