Conestoga Capital Advisors Adds NCino to Micro Cap Portfolio

Conestoga Capital Advisors added a position in NCino, Inc. to its Micro Cap Composite portfolio during the second quarter of 2026. In its Q2 investor letter, the asset management firm identified the software-as-a-service provider as being well-positioned to benefit from the increasing adoption of AI-enabled banking solutions.

Conestoga cited NCino's mission-critical platform, deep customer relationships, and growing subscription revenue as primary drivers for long-term growth. The firm noted that expanding profitability and the ability to monetize new AI capabilities provide a potential runway for the company.

As of August 6, 2026, NCino shares closed at $18.99 with a market capitalization of $2.08 billion. Despite reporting Q1 2026 revenues of $159.4 million—an 11% increase year-over-year—the company's shares had declined 27.49% over the preceding 52 weeks.