nCino (NASDAQ:NCNO) Issues Q1 Earnings Guidance

nCino (NASDAQ:NCNO) updated its first quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.13-0.14 for the period, compared to the consensus EPS estimate of $0.12. The company issued revenue guidance of $126-127 million, compared to the consensus revenue estimate of $128.83 million. nCino also updated its FY 2025 guidance to 0.600-0.640 EPS.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. William Blair restated an outperform rating on shares of nCino in a report on Wednesday. Robert W. Baird increased their price target on shares of nCino from $34.00 to $36.00 and gave the company a neutral rating in a research note on Wednesday. Morgan Stanley increased their target price on shares of nCino from $27.00 to $30.00 and gave the company an equal weight rating in a research report on Wednesday. Truist Financial reduced their price target on shares of nCino from $40.00 to $37.00 and set a buy rating for the company in a research report on Thursday, November 30th. Finally, Needham & Company LLC lifted their target price on nCino from $40.00 to $42.00 and gave the stock a buy rating in a research report on Wednesday. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $35.40.

nCino Stock Performance

NASDAQ NCNO opened at $35.90 on Thursday. The business’s 50 day moving average is $30.69 and its two-hundred day moving average is $30.72. nCino has a 12-month low of $21.26 and a 12-month high of $36.65. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.05.

Insider Activity at nCino

In other nCino news, Director Steven A. Collins sold 3,700 shares of the stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $35.56, for a total value of $131,572.00. Following the completion of the transaction, the director now owns 67,216 shares in the company, valued at $2,390,200.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Steven A. Collins sold 3,700 shares of nCino stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $35.56, for a total transaction of $131,572.00. Following the completion of the sale, the director now directly owns 67,216 shares in the company, valued at approximately $2,390,200.96. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Matthew Royce Hansen sold 5,948 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $34.65, for a total value of $206,098.20. Following the sale, the insider now directly owns 228,514 shares in the company, valued at approximately $7,918,010.10. The disclosure for this sale can be found here. Insiders have sold a total of 32,935 shares of company stock worth $1,069,845 over the last three months. 38.20% of the stock is currently owned by corporate insiders.

Institutional Trading of nCino

Several institutional investors and hedge funds have recently modified their holdings of NCNO. State of Wyoming boosted its stake in shares of nCino by 56.8% during the fourth quarter. State of Wyoming now owns 1,350 shares of the company’s stock valued at $36,000 after acquiring an additional 489 shares during the last quarter. UBS Group AG boosted its stake in shares of nCino by 218.7% during the 3rd quarter. UBS Group AG now owns 1,807 shares of the company’s stock worth $62,000 after purchasing an additional 1,240 shares during the last quarter. Advisory Services Network LLC grew its holdings in shares of nCino by 41.7% during the first quarter. Advisory Services Network LLC now owns 5,545 shares of the company’s stock worth $137,000 after buying an additional 1,633 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of nCino by 47.9% in the first quarter. Advisors Asset Management Inc. now owns 3,429 shares of the company’s stock valued at $141,000 after buying an additional 1,111 shares during the last quarter. Finally, MetLife Investment Management LLC purchased a new position in shares of nCino during the first quarter valued at approximately $149,000. Hedge funds and other 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, a secure cloud-based solution, which empowers bank employees and leaders with true insight into the bank through an end-to-end platform that spans business lines and combines customer relationship management, customer onboarding, account opening, loan origination, deposit accounts, workflow, credit analysis, enterprise content management, and instant reporting capabilities.