nCino, Inc. (NASDAQ:NCNO) Receives $38.82 Consensus PT from Brokerages

nCino, Inc. (NASDAQ:NCNO) has received a consensus rating of “Moderate Buy” from the twelve analysts that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $38.82.

Several equities research analysts have recently commented on NCNO shares. The Goldman Sachs Group upgraded nCino from a “neutral” rating to a “buy” rating and upped their price target for the stock from $34.00 to $42.00 in a research note on Wednesday, August 14th. Truist Financial reiterated a “buy” rating and issued a $44.00 price objective (up previously from $37.00) on shares of nCino in a research report on Monday, October 21st. William Blair reiterated an “outperform” rating on shares of nCino in a research report on Wednesday, August 28th. JMP Securities reiterated a “market outperform” rating and issued a $43.00 price objective on shares of nCino in a research report on Wednesday, August 28th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $38.00 price objective on shares of nCino in a research report on Wednesday, August 28th.

Insider Buying and Selling at nCino

In other nCino news, Director William J. Ruh sold 10,000 shares of the company’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $37.50, for a total value of $375,000.00. Following the sale, the director now owns 226,201 shares of the company’s stock, valued at approximately $8,482,537.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director William J. Ruh sold 10,000 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $37.50, for a total transaction of $375,000.00. Following the sale, the director now owns 226,201 shares of the company’s stock, valued at $8,482,537.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Gregory Orenstein sold 3,885 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $35.05, for a total value of $136,169.25. Following the sale, the chief financial officer now directly owns 276,892 shares in the company, valued at approximately $9,705,064.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,035,584 shares of company stock valued at $144,146,625. Insiders own 28.40% of the company’s stock.

Institutional Trading of nCino

A number of large investors have recently made changes to their positions in NCNO. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of nCino by 15.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 150,174 shares of the company’s stock valued at $5,614,000 after acquiring an additional 20,133 shares during the last quarter. Mesirow Institutional Investment Management Inc. boosted its stake in shares of nCino by 6.1% during the first quarter. Mesirow Institutional Investment Management Inc. now owns 12,422 shares of the company’s stock valued at $464,000 after acquiring an additional 719 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in nCino by 8.6% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 10,084 shares of the company’s stock worth $377,000 after buying an additional 800 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in nCino in the 1st quarter worth about $355,000. Finally, US Bancorp DE boosted its stake in nCino by 7.1% in the 1st quarter. US Bancorp DE now owns 38,507 shares of the company’s stock worth $1,439,000 after buying an additional 2,548 shares during the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

nCino Price Performance

Shares of NASDAQ NCNO opened at $42.53 on Thursday. nCino has a twelve month low of $27.47 and a twelve month high of $43.00. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.09. The stock has a 50 day moving average of $33.45 and a two-hundred day moving average of $32.22. The stock has a market cap of $4.91 billion, a P/E ratio of -157.51, a P/E/G ratio of 33.30 and a beta of 0.55.

nCino (NASDAQ:NCNO) last released its quarterly earnings results on Tuesday, August 27th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.13 by $0.01. nCino had a positive return on equity of 1.06% and a negative net margin of 5.78%. The business had revenue of $132.40 million during the quarter, compared to analysts’ expectations of $131.06 million. During the same quarter in the prior year, the business earned ($0.02) earnings per share. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, research analysts forecast that nCino will post 0.05 earnings per share for the current year.

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.