Franklin Resources Inc. increased its stake in nCino to over 1 million shares, while Geode Capital Management raised its holdings by 26.1%. UBS Group initiated coverage with a "buy" rating and a $44 price target, indicating a potential upside. Insiders have sold significant shares recently, with 94.76% of the stock owned by institutional investors.
Franklin Resources Inc. increased its stake in nCino to over 1 million shares, while other firms like Synovus Financial Corp and Sanctuary Advisors LLC also acquired new stakes. Analysts have given nCino a "Moderate Buy" rating, with price targets ranging from $36 to $49. Insider selling has been notable, with over 4.8 million shares sold in the last three months.
nCino, Inc. is a global provider of cloud banking solutions, offering the nCino Bank Operating System, a multi-tenant software-as-a-service platform that enhances coordination and transparency for financial institutions. This system streamlines workflows for customer onboarding, loan origination, and compliance, while also integrating data analytics and AI/ML capabilities through the nCino IQ suite, enabling better credit risk management and regulatory compliance.
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