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

Shares of nCino, Inc. (NASDAQ:NCNO) have earned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $42.50.

NCNO has been the subject of several recent analyst reports. Barclays upgraded nCino from an “equal weight” rating to an “overweight” rating and set a $44.00 price target for the company in a research note on Monday, January 6th. Morgan Stanley dropped their target price on shares of nCino from $41.00 to $39.00 and set an “equal weight” rating on the stock in a report on Friday, December 6th. William Blair reiterated an “outperform” rating on shares of nCino in a research note on Thursday, December 5th. Needham & Company LLC raised their price target on nCino from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Piper Sandler reissued a “neutral” rating and issued a $38.00 target price on shares of nCino in a report on Thursday, December 5th.

Insider Buying and Selling

In other nCino news, Director Jeff Horing sold 54,876 shares of nCino stock in a transaction on Monday, January 6th. The shares were sold at an average price of $35.00, for a total value of $1,920,660.00. Following the sale, the director now directly owns 4,458,591 shares in the company, valued at approximately $156,050,685. The trade was a 1.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders have sold 6,238,084 shares of company stock valued at $224,795,630. Corporate insiders own 28.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Hilltop National Bank purchased a new stake in shares of nCino in the fourth quarter worth about $37,000. Asset Management One Co. Ltd. raised its holdings in shares of nCino by 21.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,956 shares of the company’s stock worth $62,000 after acquiring an additional 341 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of nCino by 97.2% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,755 shares of the company’s stock valued at $87,000 after acquiring an additional 1,358 shares during the last quarter. West Tower Group LLC purchased a new position in shares of nCino in the third quarter valued at $126,000. Finally, Northwest & Ethical Investments L.P. purchased a new position in shares of nCino in the third quarter valued at $152,000. Hedge funds and other institutional investors own 94.76% of the company’s stock.

nCino Stock Up 1.1 %

Shares of nCino stock opened at $33.24 on Tuesday. The company has a 50-day simple moving average of $36.87 and a two-hundred day simple moving average of $34.43. The stock has a market capitalization of $3.85 billion, a PE ratio of -195.52, a price-to-earnings-growth ratio of 13.80 and a beta of 0.64. nCino has a 52-week low of $28.09 and a 52-week high of $43.20. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.95 and a current ratio of 1.95.

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.