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

Russell Investments Group Ltd. boosted its holdings in shares of nCino Inc. (NASDAQ:NCNO) by 25.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 226,849 shares of the company’s stock after purchasing an additional 46,240 shares during the period. Russell Investments Group Ltd. owned about 0.20% of nCino worth $6,345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in NCNO. Vanguard Group Inc. raised its stake in shares of nCino by 7.7% during 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 during the last quarter. Swiss National Bank grew its holdings in nCino by 4.8% during the first quarter. Swiss National Bank now owns 190,600 shares of the company’s stock worth $5,236,000 after acquiring an additional 8,800 shares during the period. Covestor Ltd raised its position in nCino by 27.6% during the first quarter. Covestor Ltd now owns 2,388 shares of the company’s stock valued at $66,000 after acquiring an additional 517 shares in the last quarter. Invesco Ltd. raised its position in nCino by 3.6% during the first quarter. Invesco Ltd. now owns 2,697,437 shares of the company’s stock valued at $74,099,000 after acquiring an additional 94,940 shares in the last quarter. Finally, Nuveen LLC acquired a new position in nCino in the first quarter valued at approximately $7,790,000. 94.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on NCNO shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of nCino in a report on Wednesday, October 8th. Barclays raised their price target on shares of nCino from $31.00 to $37.00 and gave the company an “overweight” rating in a research report on Wednesday, August 27th. Truist Financial decreased their price objective on shares of nCino from $32.00 to $27.00 and set a “hold” rating for the company in a research report on Thursday. William Blair upgraded nCino from a “market perform” rating to an “outperform” rating in a research report on Friday, October 10th. Finally, Keefe, Bruyette & Woods lifted their price target on nCino from $34.50 to $36.00 and gave the company an “outperform” rating in a research note on Thursday. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, nCino presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.56.

Insiders Place Their Bets

In other nCino news, CFO Gregory Orenstein sold 4,353 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $25.81, for a total value of $112,350.93. Following the transaction, the chief financial officer owned 461,746 shares in the company, valued at approximately $11,917,664.26. This trade represents a 0.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider April Rieger sold 4,731 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $25.81, for a total transaction of $122,107.11. Following the sale, the insider directly owned 229,774 shares of the company’s stock, valued at $5,930,466.94. The trade was a 2.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 3,913,865 shares of company stock valued at $117,312,830. 5.70% of the stock is owned by corporate insiders.

nCino Stock Down 4.8%

Shares of NASDAQ NCNO opened at $24.35 on Friday. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of -135.28, a price-to-earnings-growth ratio of 16.10 and a beta of 0.53. The company’s 50-day simple moving average is $25.51 and its 200-day simple moving average is $27.45. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. nCino Inc. has a 52-week low of $18.75 and a 52-week high of $40.29.

nCino (NASDAQ:NCNO) last released its quarterly earnings results on Wednesday, December 3rd. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.11. nCino had a negative net margin of 3.71% and a positive return on equity of 2.26%. The firm had revenue of $152.16 million during the quarter, compared to the consensus estimate of $147.31 million. During the same quarter in the prior year, the firm earned $0.21 EPS. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. nCino has set its FY 2026 guidance at 0.900-0.910 EPS and its Q4 2026 guidance at 0.210-0.220 EPS. Equities analysts predict that nCino Inc. will post 0.12 EPS for the current fiscal year.

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.