At the 2025 Sohn New York Conference, Connie Lee, Founder and Chief Investment Officer of Felis Advantage, presented her investment insights during the Next Wave segment. After spending years as a Partner at Tiger Global Management, Lee believes in deep-dive research approach, sand she shared a thesis on an undervalued stock she believes.
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Next Wave - Connie Lee
- nCino Inc (NASDAQ:NCNO) - Leading cloud platform for bank lending & mortgage origination workflows
- Loan management software built on salesforce
- Handles everything from customer onboarding to final ****
- The company is trading at steep discount compared to peers - giving it unique downside protection
- Limited sensitivity to recessions and inflation
- 2.5x of next 3 years estimate
- Over 90% revenue is recurring, 40% incremental targets
- 5-7% annual price increase with little consumer pushback
- No core market entrants in past 10 years\\
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