Suppose that we have a functor $F : \boldsymbol{\Delta}^\bullet \to \mathsf{C}$ with domain the full subcategory of simplicial sets given by representable functors. For example, for each $\Delta^n = \hom(n,-)$ we can assign to it its baricentric subdivision $\mathsf{sd} \Delta^n \in \mathsf{sSet}$, or its geometric realization $|\Delta^n| \in \mathsf{Top}$.
By the Yoneda embedding, we have a fully faithful injective on objects functor $i: \Delta^{op} \hookrightarrow \boldsymbol{\Delta}$, hence $F$ can be thought of as a simplicial object
$$ F : \Delta^{op} \to \mathsf{C}. $$
On the other hand, if $X$ is any simplicial set, we know that it is a colimit of representables
$$ X = \mathsf{colim}_{\Delta^n \to X} \Delta^n. $$
If $\mathsf{C}$ is cocomplete, the definition
$$ \widetilde{F}X := \mathsf{colim}_{\Delta^n \to X} F\Delta^n, \tag{1}$$
makes sense and gives an extension of $F$ to a functor $\widetilde{F} : \mathsf{sSet} \to \mathsf{C}$.
In other terms, we are using that simplicial sets are the free cocompletion of $\Delta$, and so this is the universal cocontinuous extension of $F$.
If I am not mistaken, since $Fk = F\Delta^k$, using the cone leg arrows the maps
$$ Fk \to F\Delta^k \hookrightarrow \mathsf{colim}_{\Delta^n \to X} F\Delta^k= \widetilde{F}\Delta^n $$
gives a natural transformation $\eta : F\Rightarrow \widetilde{F}i$. So, assuming the former is correct, my question is:
Is $(\widetilde{F},\eta)$ a left Kan extension of $F$ along $i$?
I would also be interested in knowing what happens when we consider right Kan extensions, if these coincide and if not, what other interesting extension constructions can be made.