nCino (NCNO)

• Market cap: $4.08B
• 1 day: 1.97%
• 5 days: -1.98%
• 1 month: -12.13%
• 3 months: 15.70%
• 6 months: 12.52%
• Year to date: 1.59%
• 1 year: 11.31%
• 5 years: -61.55%
• 10 years: -61.55%
• Sector: Information Technology
• Industry: Prepackaged Software

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 Q3 regulatory filings by fund managers ($100M+ AUM)

640% more call options, than puts

Call options by funds: $41.1M | Put options by funds: $5.56M

63% more funds holding in top 10

Funds holding in top 10: 8 [Q2] → 13 (+5) [Q3]

54% more first-time investments, than exits

New positions opened: 63 | Existing positions closed: 41

36% more repeat investments, than reductions

Existing positions increased: 102 | Existing positions reduced: 75

9% more funds holding

Funds holding: 246 [Q2] → 268 (+22) [Q3]

1.2% more ownership

Funds ownership: 98.28% [Q2] → 99.49% (+1.2%) [Q3]

2% more capital invested

Capital invested by funds: $3.55B [Q2] → $3.64B (+$87.4M) [Q3]

Research analyst outlook

10 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $38 8% upside
• Avg. target: $42 19% upside
• High target: $45 28% upside

10 analyst ratings

• positive: 5 50%
• neutral: 5 50%
• negative: 0 0%

Macquarie Robert Trout 50% 1-year accuracy 2 / 4 met price target	22% upside $43	Outperform Maintained	6 Dec 2024
Morgan Stanley James Faucette 77% 1-year accuracy 20 / 26 met price target	11% upside $39	Equal-Weight Maintained	6 Dec 2024
Keefe, Bruyette & Woods Ryan Tomasello 20% 1-year accuracy 2 / 10 met price target	25% upside $44	Outperform Maintained	5 Dec 2024
Baird Joe Vruwink 50% 1-year accuracy 21 / 42 met price target	19% upside $42	Neutral Maintained	5 Dec 2024
Stephens & Co. Charles Nabhan 81% 1-year accuracy 17 / 21 met price target	8% upside $38	Equal-Weight Maintained	5 Dec 2024