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

nCino, Inc. (NASDAQ:NCNO) has been given a consensus recommendation of “Moderate Buy” by the fifteen research firms that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $42.50.

Several analysts have recently weighed in on NCNO shares. Stephens lifted their target price on nCino from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Keefe, Bruyette & Woods lifted their target price on nCino from $41.00 to $49.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. William Blair restated an “outperform” rating on shares of nCino in a research note on Thursday, December 5th. Needham & Company LLC upped their price objective on shares of nCino from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. 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.

Insider Buying and Selling

In related news, Director Jeff Horing sold 54,876 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $35.00, for a total transaction of $1,920,660.00. Following the completion of the transaction, the director now owns 4,458,591 shares of the company’s stock, valued at $156,050,685. This trade represents a 1.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 6,238,084 shares of company stock worth $224,795,630 in the last ninety days. 28.40% of the stock is owned by insiders.

Institutional Investors Weigh In On nCino

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC boosted its stake in shares of nCino by 12.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 9,865 shares of the company’s stock worth $331,000 after buying an additional 1,072 shares during the last quarter. Mechanics Bank Trust Department purchased a new stake in nCino in the 4th quarter worth approximately $201,000. Hilltop National Bank acquired a new stake in shares of nCino during the 4th quarter worth approximately $37,000. Kings Path Partners LLC purchased a new position in shares of nCino during the 4th quarter valued at approximately $336,000. Finally, Franklin Resources Inc. lifted its stake in shares of nCino by 46.0% in the 3rd quarter. Franklin Resources Inc. now owns 1,092,862 shares of the company’s stock valued at $38,327,000 after purchasing an additional 344,269 shares during the period. 94.76% of the stock is owned by institutional investors and hedge funds.

nCino Stock Performance

NASDAQ:NCNO opened at $33.24 on Tuesday. 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’s fifty day moving average is $36.87 and its 200 day moving average is $34.43. The firm has a market capitalization of $3.85 billion, a PE ratio of -195.52, a PEG ratio of 13.80 and a beta of 0.64. nCino has a fifty-two week low of $28.09 and a fifty-two week high of $43.20.

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.