nCino (NCNO) Projected to Post Quarterly Earnings on Tuesday

nCino (NASDAQ:NCNO) is projected to announce its earnings results after the market closes on Tuesday, April 1st. Analysts expect the company to announce earnings of $0.18 per share and revenue of $140.81 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

nCino Stock Up 1.7 %

Shares of NASDAQ:NCNO opened at $28.98 on Tuesday. nCino has a 1-year low of $27.29 and a 1-year high of $43.20. The company’s fifty day moving average is $31.73 and its two-hundred day moving average is $34.22. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.95 and a current ratio of 1.95. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of -170.46, a price-to-earnings-growth ratio of 5.77 and a beta of 0.66.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NCNO. Morgan Stanley cut 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. Stephens reissued an “equal weight” rating and issued a $38.00 price target on shares of nCino in a report on Thursday, March 20th. Robert W. Baird lowered their price objective on nCino from $43.00 to $42.00 and set a “neutral” rating for the company in a research note on Thursday, December 5th. Keefe, Bruyette & Woods raised their target price on nCino from $41.00 to $49.00 and gave the company an “outperform” rating in a research note on Monday, December 2nd. Finally, Macquarie boosted their price target on shares of nCino from $40.00 to $43.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, nCino currently has a consensus rating of “Moderate Buy” and an average price target of $42.50.

Insider Activity at nCino

In other news, CEO Sean Desmond sold 5,034 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $32.60, for a total transaction of $164,108.40. Following the completion of the sale, the chief executive officer now directly owns 306,477 shares of the company’s stock, valued at $9,991,150.20. This trade represents a 1.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider April Rieger sold 4,325 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $32.60, for a total value of $140,995.00. Following the sale, the insider now directly owns 145,953 shares in the company, valued at $4,758,067.80. This trade represents a 2.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 86,877 shares of company stock worth $2,963,893 over the last quarter. 28.40% of the stock is currently owned by company insiders.

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.