Vanguard Group Inc. Increases Stake in nCino Inc. $NCNO

Vanguard Group Inc. grew its stake in shares of nCino Inc. (NASDAQ:NCNO - Free Report) by 7.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,666,955 shares of the company's stock after acquiring an additional 836,182 shares during the period. Vanguard Group Inc. owned 10.13% of nCino worth $320,491,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of NCNO. Legal & General Group Plc increased its stake in nCino by 0.8% in the fourth quarter. Legal & General Group Plc now owns 92,598 shares of the company's stock valued at $3,109,000 after acquiring an additional 697 shares during the last quarter. Barclays PLC lifted its holdings in shares of nCino by 363.0% during the fourth quarter. Barclays PLC now owns 338,088 shares of the company's stock worth $11,352,000 after purchasing an additional 265,074 shares during the period. Capital International Investors lifted its holdings in shares of nCino by 57.4% during the fourth quarter. Capital International Investors now owns 4,691,204 shares of the company's stock worth $157,531,000 after purchasing an additional 1,710,893 shares during the period. Dimensional Fund Advisors LP lifted its holdings in nCino by 6.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,606,549 shares of the company's stock valued at $53,948,000 after buying an additional 99,502 shares during the period. Finally, Capital Research Global Investors acquired a new position in nCino in the fourth quarter valued at $23,274,000. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider April Rieger sold 3,028 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $27.45, for a total transaction of $83,118.60. Following the completion of the sale, the insider directly owned 240,523 shares in the company, valued at approximately $6,602,356.35. The trade was a 1.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Pierre Naude sold 4,659 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $27.45, for a total transaction of $127,889.55. Following the completion of the transaction, the director owned 1,192,461 shares of the company's stock, valued at approximately $32,733,054.45. The trade was a 0.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,603 shares of company stock valued at $593,002 over the last ninety days. 5.70% of the stock is currently owned by corporate insiders.

nCino Trading Down 0.4%

nCino stock traded down $0.12 during trading hours on Thursday, reaching $27.76. The stock had a trading volume of 471,784 shares, compared to its average volume of 1,716,963. The stock has a market cap of $3.22 billion, a PE ratio of -106.73, a PEG ratio of 27.72 and a beta of 0.77. nCino Inc. has a 52 week low of $18.75 and a 52 week high of $43.20. 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 company has a fifty day simple moving average of $28.28 and a 200-day simple moving average of $27.58.

nCino (NASDAQ:NCNO - Get Free Report) last posted its earnings results on Wednesday, May 28th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. nCino had a negative net margin of 5.27% and a positive return on equity of 0.19%. The firm had revenue of $144.14 million during the quarter, compared to analysts' expectations of $139.77 million. During the same period last year, the company posted $0.19 EPS. The company's quarterly revenue was up 12.5% compared to the same quarter last year. nCino has set its Q2 2026 guidance at 0.130-0.140 EPS. FY 2026 guidance at 0.690-0.720 EPS. Analysts forecast that nCino Inc. will post 0.12 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. UBS Group set a $28.00 price objective on shares of nCino in a report on Thursday, May 29th. Barclays reaffirmed an "overweight" rating and issued a $31.00 price objective (up from $24.00) on shares of nCino in a research report on Thursday, May 29th. Morgan Stanley increased their target price on shares of nCino from $29.00 to $33.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 22nd. Stephens increased their target price on shares of nCino from $24.00 to $28.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 21st. Finally, Needham & Company LLC restated a "buy" rating and set a $33.00 price target on shares of nCino in a research note on Thursday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $31.13.

nCino Company 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.