SCHEDULE 13G: Wasatch Advisors Discloses 5.3% Stake in nCino, Inc.

Wasatch Advisors LP has reported a 5.3% beneficial ownership stake in nCino, Inc., holding over 6.1 million shares of common stock as of December 31, 2024.

Summary

• Wasatch Advisors LP, an investment adviser based in Salt Lake City, Utah, has filed a Schedule 13G indicating beneficial ownership of nCino, Inc. common stock.
• As of December 31, 2024, Wasatch Advisors LP beneficially owned an aggregate of 6,177,783 shares of nCino, Inc. common stock.
• This ownership represents 5.3% of nCino, Inc.'s outstanding common stock.
• Wasatch Advisors LP holds sole voting power over 4,336,735 shares and sole dispositive power over all 6,177,783 shares.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of nCino, Inc.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that inherently indicates positive or negative sentiment regarding the company's performance or outlook. It simply reports an investment firm's stake.

Future Outlook

NA

Industry Context

This filing indicates an institutional investment firm, Wasatch Advisors LP, has taken a significant passive stake in nCino, Inc., a company operating in the financial technology sector. Such disclosures are common and reflect investment decisions by asset managers based on their portfolio strategies.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake by Wasatch Advisors LP may be viewed positively by other investors, potentially signaling confidence in nCino, Inc.'s long-term prospects. It also increases institutional ownership, which can sometimes lead to greater share price stability or liquidity.

Key Dates

Keywords

nCino Inc., Wasatch Advisors LP, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Investor, Investment Adviser, Shareholding, SEC Filing