nCino, Inc. (NASDAQ:NCNO) Receives Consensus Rating of “Moderate Buy” from Analysts

nCino, Inc. (NASDAQ:NCNO) has received a consensus rating of “Moderate Buy” from the fifteen analysts that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $42.50.

NCNO has been the topic of several analyst reports. Keefe, Bruyette & Woods upped their price target on shares of nCino from $41.00 to $49.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. Robert W. Baird reduced their price target on nCino from $43.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday, December 5th. Morgan Stanley dropped their price objective on nCino from $41.00 to $39.00 and set an “equal weight” rating for the company in a report on Friday, December 6th. Needham & Company LLC increased their target price on nCino from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, William Blair reissued an “outperform” rating on shares of nCino in a research note on Thursday, December 5th.

nCino Stock Down 0.4 %

NASDAQ NCNO opened at $34.25 on Friday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.20. nCino has a 52 week low of $28.09 and a 52 week high of $43.20. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of -201.46, a PEG ratio of 5.70 and a beta of 0.65. The company has a fifty day moving average of $34.01 and a two-hundred day moving average of $34.56.

Insider Activity

In other nCino news, CEO Sean Desmond sold 5,034 shares of nCino stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $32.60, for a total value of $164,108.40. Following the transaction, the chief executive officer now directly owns 306,477 shares of the company’s stock, valued at approximately $9,991,150.20. The trade was a 1.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeff Horing sold 450,000 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $37.27, for a total value of $16,771,500.00. Following the sale, the director now owns 12,063,467 shares of the company’s stock, valued at approximately $449,605,415.09. This represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,270,085 shares of company stock worth $225,838,863. 28.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp acquired a new position in shares of nCino during the fourth quarter valued at about $34,000. Hilltop National Bank purchased a new position in shares of nCino in the fourth quarter worth $37,000. Johnson Financial Group Inc. acquired a new stake in shares of nCino during the fourth quarter worth $57,000. Asset Management One Co. Ltd. grew its holdings in shares of nCino by 21.1% during the third quarter. Asset Management One Co. Ltd. now owns 1,956 shares of the company’s stock valued at $62,000 after buying an additional 341 shares during the last quarter. Finally, West Tower Group LLC acquired a new position in shares of nCino in the 3rd quarter valued at $126,000. 94.76% of the stock is owned by institutional investors and hedge funds.

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.