nCino, Inc. (NASDAQ:NCNO) Given Consensus Rating of “Moderate Buy” by Brokerages

nCino, Inc. (NASDAQ:NCNO) has earned an average rating of “Moderate Buy” from the twelve analysts that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $35.64.

A number of equities research analysts have issued reports on the company. Stephens reiterated an “equal weight” rating and issued a $35.00 price target on shares of nCino in a research note on Thursday, May 30th. Robert W. Baird cut their price objective on nCino from $37.00 to $36.00 and set a “neutral” rating for the company in a research report on Thursday, May 30th. Piper Sandler restated an “overweight” rating and set a $38.00 price objective on shares of nCino in a research report on Monday. Needham & Company LLC restated a “buy” rating and set a $42.00 price objective on shares of nCino in a research report on Thursday, May 30th. Finally, Keefe, Bruyette & Woods started coverage on nCino in a research report on Tuesday, April 9th. They set an “outperform” rating and a $41.00 price objective for the company.

nCino Trading Down 0.7 %

Shares of NCNO stock opened at $31.26 on Friday. nCino has a 52-week low of $27.13 and a 52-week high of $37.48. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $3.60 billion, a PE ratio of -100.84, a PEG ratio of 17.18 and a beta of 0.59. The stock has a fifty day simple moving average of $30.90 and a two-hundred day simple moving average of $31.55.

nCino (NASDAQ:NCNO) last issued its quarterly earnings results on Wednesday, May 29th. The company reported $0.05 earnings per share (EPS) for the quarter. nCino had a positive return on equity of 1.13% and a negative net margin of 6.94%. The business had revenue of $128.09 million during the quarter, compared to analyst estimates of $126.59 million. On average, analysts predict that nCino will post 0.08 EPS for the current fiscal year.

Insider Activity

In other news, Director William J. Ruh sold 5,000 shares of nCino stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $34.51, for a total transaction of $172,550.00. Following the completion of the sale, the director now owns 251,201 shares of the company’s stock, valued at $8,668,946.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director William J. Ruh sold 5,000 shares of nCino stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $34.51, for a total transaction of $172,550.00. Following the completion of the sale, the director now owns 251,201 shares of the company’s stock, valued at $8,668,946.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jeanette Sellers sold 1,143 shares of nCino stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $30.15, for a total transaction of $34,461.45. Following the sale, the vice president now directly owns 26,217 shares of the company’s stock, valued at approximately $790,442.55. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,419,488 shares of company stock valued at $76,254,732. Corporate insiders own 28.40% of the company’s stock.

Institutional Trading of nCino

Several institutional investors and hedge funds have recently modified their holdings of NCNO. PNC Financial Services Group Inc. increased its holdings in nCino by 643.3% during the third quarter. PNC Financial Services Group Inc. now owns 3,538 shares of the company’s stock valued at $113,000 after buying an additional 3,062 shares during the period. Envestnet Asset Management Inc. increased its holdings in nCino by 85.3% during the third quarter. Envestnet Asset Management Inc. now owns 139,997 shares of the company’s stock valued at $4,452,000 after buying an additional 64,446 shares during the period. Natixis Advisors L.P. purchased a new position in nCino during the third quarter valued at approximately $369,000. Gotham Asset Management LLC purchased a new position in nCino during the third quarter valued at approximately $893,000. Finally, Graham Capital Management L.P. purchased a new position in nCino during the third quarter valued at approximately $393,000. Institutional investors own 94.76% of the company’s stock.

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.