nCino Inc. $NCNO Shares Bought by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its stake in nCino Inc. by 71.4% in the first quarter, owning a total of 180,609 shares valued at approximately $4.96 million.
• Other institutional investors have also raised their stakes, with Northern Trust Corp increasing its holdings by 14.1% and Victory Capital Management growing its holdings by 241.1%.
• nCino reported earnings per share of $0.16 for the last quarter, meeting expectations, while its revenue grew by 12.5% year-over-year, totaling $144.14 million.

Russell Investments Group Ltd. raised its stake in shares of nCino Inc. (NASDAQ:NCNO - Free Report) by 71.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 180,609 shares of the company's stock after acquiring an additional 75,245 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.16% of nCino worth $4,961,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Nuveen LLC bought a new stake in nCino during the 1st quarter worth about $7,790,000. Invesco Ltd. boosted its position in nCino by 3.6% during the 1st quarter. Invesco Ltd. now owns 2,697,437 shares of the company's stock worth $74,099,000 after acquiring an additional 94,940 shares during the last quarter. Covestor Ltd raised its stake in shares of nCino by 27.6% during the 1st quarter. Covestor Ltd now owns 2,388 shares of the company's stock worth $66,000 after purchasing an additional 517 shares in the last quarter. Swiss National Bank raised its stake in nCino by 4.8% in the 1st quarter. Swiss National Bank now owns 190,600 shares of the company's stock valued at $5,236,000 after acquiring an additional 8,800 shares during the period. Finally, Vanguard Group Inc. grew its holdings in nCino by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 11,666,955 shares of the company's stock valued at $320,491,000 after buying an additional 836,182 shares in the last quarter. 94.76% of the stock is owned by institutional investors.

nCino Stock Performance

Shares of NCNO traded up $4.00 during trading hours on Wednesday, hitting $32.69. The stock had a trading volume of 8,192,113 shares, compared to its average volume of 1,438,518. The firm has a market capitalization of $3.79 billion, a PE ratio of -112.72, a PEG ratio of 28.58 and a beta of 0.77. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a fifty day moving average price of $28.50 and a 200 day moving average price of $27.46. nCino Inc. has a 12 month low of $18.75 and a 12 month high of $43.20.

nCino (NASDAQ:NCNO - Get Free Report) last announced its quarterly earnings data on Tuesday, August 26th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.14 by $0.08. nCino had a positive return on equity of 1.17% and a negative net margin of 5.86%.The business had revenue of $148.82 million for the quarter, compared to the consensus estimate of $143.17 million. During the same period in the previous year, the business earned $0.14 earnings per share. The business's revenue was up 12.4% on a year-over-year basis. nCino has set its FY 2026 guidance at 0.770-0.800 EPS. Q3 2026 guidance at 0.200-0.21 EPS. Analysts anticipate that nCino Inc. will post 0.12 EPS for the current year.

Insiders Place Their Bets

In other nCino news, CFO Gregory Orenstein sold 4,155 shares of the company's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $27.45, for a total transaction of $114,054.75. Following the completion of the sale, the chief financial officer owned 466,099 shares in the company, valued at $12,794,417.55. This represents a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider April Rieger sold 3,028 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $27.45, for a total value of $83,118.60. Following the sale, the insider owned 240,523 shares of the company's stock, valued at approximately $6,602,356.35. This represents a 1.24% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,603 shares of company stock worth $593,002. Corporate insiders own 5.70% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Truist Financial increased their target price on nCino from $27.00 to $32.00 and gave the stock a "hold" rating in a report on Wednesday. Baird R W upgraded shares of nCino from a "hold" rating to a "strong-buy" rating in a report on Monday, July 14th. Keefe, Bruyette & Woods boosted their price objective on nCino from $28.00 to $33.00 and gave the stock an "outperform" rating in a research report on Thursday, May 29th. Piper Sandler upped their price target on nCino from $28.00 to $34.00 and gave the company a "neutral" rating in a research report on Wednesday. Finally, Stephens increased their price objective on nCino from $24.00 to $28.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 21st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.94.

nCino Profile

nCino, Inc, a software-as-a-service company, provides cloud-based software applications to financial institutions in the United States and internationally. Its nCino Bank Operating System connects financial institution employees, clients and third parties on a single cloud-based platform which include client onboarding, deposit account opening, loan origination, end-to-end mortgage suite, and powerful ecosystem.