Tower Research Capital LLC Increases Stake in nCino, Inc. by 83.4%: Sign of Confidence in Fintech’s Growth Potential


Tower Research Capital LLC (TRC) has significantly increased its stake in nCino, Inc. (NASDAQ: NCNO) during the first quarter, according to the recently filed documents with the US Securities and Exchange Commission (SEC). The institutional investor now owns 13,683 shares of nCino’s stock, which represents an 83.4% increase from their previous holdings. The additional 6,223 shares acquired during this period bring TRC’s total investment in nCino to a value of $339,000 as of the end of this quarter.

This development is worth noting as it signals confidence in nCino and its potential for growth. nCino operates in the financial technology sector and provides cloud-based software solutions to financial institutions. Its platform helps streamline processes like loan origination, customer relationship management, and general banking operations for banks and credit unions.

The positive sentiment around nCino is further supported by its recent quarterly earnings report released on Wednesday, May 31st. During this period, the company reported earnings per share (EPS) of -$0.02 which…

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