nCino Inc. (NASDAQ:NCNO) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of nCino Inc. (NASDAQ:NCNO) have been given an average recommendation of “Moderate Buy” by the nineteen brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $25.2143.

Several research analysts have issued reports on the stock. Zacks Research upgraded shares of nCino from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. Wall Street Zen upgraded shares of nCino from a “hold” rating to a “buy” rating in a research report on Saturday, April 4th. JPMorgan Chase & Co. decreased their price target on shares of nCino from $30.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Stephens decreased their price target on shares of nCino from $34.00 to $26.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. Finally, Barclays lifted their price target on shares of nCino from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 1st.

Insider Buying and Selling at nCino

In related news, insider April Rieger sold 9,693 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $18.02, for a total value of $174,667.86. Following the completion of the transaction, the insider owned 383,601 shares of the company’s stock, valued at approximately $6,912,490.02. This trade represents a 2.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Sean Desmond sold 22,073 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $18.02, for a total transaction of $397,755.46. Following the completion of the transaction, the chief executive officer directly owned 1,271,016 shares of the company’s stock, valued at $22,903,708.32. This represents a 1.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 164,918 shares of company stock worth $2,900,939. 1.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On nCino

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC boosted its stake in nCino by 255.8% in the 4th quarter. CWM LLC now owns 1,142 shares of the company’s stock worth $29,000 after purchasing an additional 821 shares during the period. Optiver Holding B.V. acquired a new position in nCino in the 1st quarter worth approximately $32,000. AlphaQuest LLC boosted its stake in nCino by 5,022.2% in the 3rd quarter. AlphaQuest LLC now owns 1,383 shares of the company’s stock worth $37,000 after purchasing an additional 1,356 shares during the period. Los Angeles Capital Management LLC acquired a new position in nCino in the 4th quarter worth approximately $38,000. Finally, Farther Finance Advisors LLC boosted its stake in nCino by 76.2% in the 4th quarter. Farther Finance Advisors LLC now owns 1,670 shares of the company’s stock worth $43,000 after purchasing an additional 722 shares during the period. Institutional investors and hedge funds own 94.76% of the company’s stock.

nCino Price Performance

NASDAQ NCNO opened at $15.45 on Friday. nCino has a 12 month low of $13.80 and a 12 month high of $33.92. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market capitalization of $1.69 billion, a PE ratio of 128.75 and a beta of 0.69. The company’s 50 day simple moving average is $16.62 and its 200 day simple moving average is $19.70.

nCino (NASDAQ:NCNO) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.16. The business had revenue of $149.67 million for the quarter, compared to analyst estimates of $147.41 million. nCino had a net margin of 2.17% and a return on equity of 6.85%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the business earned $0.12 earnings per share. As a group, equities research analysts forecast that nCino will post 0.61 EPS for the current fiscal year.

nCino Company Profile

nCino, Inc provides a cloud-based banking operating system designed to modernize and streamline processes for financial institutions. Built on a software-as-a-service (SaaS) model, the nCino Bank Operating System integrates key banking functions into a unified platform, enabling banks and credit unions to enhance efficiency, reduce risk and improve customer experiences.

Founded in 2012 as a spinoff from Live Oak Bank, nCino launched its flagship offering to address the needs of commercial and retail lenders seeking to replace legacy systems.