nCino (NCNO)

• Market cap: $3.26B
• 1 day: 2.37%
• 5 days: -4.97%
• 1 month: -7.68%
• 3 months: -15.83%
• 6 months: -9.61%
• Year to date: -15.83%
• 1 year: -20.45%
• 5 years: -69.30%
• 10 years: -69.30%
• Sector: Information Technology
• Industry: Prepackaged Software

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

495% more call options, than puts

Call options by funds: $31M | Put options by funds: $5.21M

36% more first-time investments, than exits

New positions opened: 60 | Existing positions closed: 44

8% more capital invested

Capital invested by funds: $3.7B [Q3] → $4B (+$303M) [Q4]

3% more funds holding

Funds holding: 269 [Q3] → 277 (+8) [Q4]

1.89% more ownership

Funds ownership: 101.02% [Q3] → 102.9% (+1.89%) [Q4]

9% more repeat investments, than reductions

Existing positions increased: 101 | Existing positions reduced: 93

31% less funds holding in top 10

Funds holding in top 10: 13 [Q3] → 9 (-4) [Q4]

Research analyst outlook

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

• Low target: $35 24% upside
• Avg. target: $40 42% upside
• High target: $44 56% upside

5 analyst ratings

• positive: 4 80%
• neutral: 1 20%
• negative: 0 0%

Keefe, Bruyette & Woods Ryan Tomasello 55% 1-year accuracy 6 / 11 met price target	42% upside $40	Outperform Maintained	28 Mar 2025
Scotiabank Nick Altmann 13% 1-year accuracy 2 / 15 met price target	24% upside $35	Sector Outperform Maintained	27 Mar 2025
Raymond James Alexander Sklar 14% 1-year accuracy 1 / 7 met price target	49% upside $42	Outperform Maintained	25 Mar 2025
Stephens & Co. Charles Nabhan 47% 1-year accuracy 14 / 30 met price target	35% upside $38	Equal-Weight Reiterated	20 Mar 2025
Barclays Saket Kalia 53% 1-year accuracy 27 / 51 met price target	56% upside $44	Overweight Upgraded	6 Jan 2025