nCino (NASDAQ:NCNO) Earns Equal Weight Rating from Stephens

Stephens reaffirmed their equal weight rating on shares of nCino (NASDAQ:NCNO) in a research report released on Thursday,Benzinga reports. The brokerage currently has a $38.00 price objective on the stock.

A number of other research firms have also recently weighed in on NCNO. Morgan Stanley dropped their target price on shares of nCino from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Friday, December 6th. Macquarie boosted their target price on shares of nCino from $40.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Piper Sandler reiterated a “neutral” rating and issued a $38.00 target price on shares of nCino in a research note on Thursday, December 5th. KeyCorp reiterated a “sector weight” rating on shares of nCino in a research note on Monday, February 3rd. Finally, Needham & Company LLC boosted their target price on shares of nCino from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $42.50.

nCino Trading Up 0.3 %

Shares of NCNO stock opened at $28.50 on Thursday. 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 company has a market capitalization of $3.30 billion, a price-to-earnings ratio of -167.64, a PEG ratio of 5.77 and a beta of 0.66. nCino has a 52-week low of $27.29 and a 52-week high of $43.20. The company has a 50-day simple moving average of $31.81 and a two-hundred day simple moving average of $34.20.

Insider Activity at nCino

In related news, insider April Rieger sold 4,325 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $32.60, for a total transaction of $140,995.00. Following the sale, the insider now owns 145,953 shares of the company’s stock, valued at approximately $4,758,067.80. This represents a 2.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Sean Desmond sold 5,034 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 306,477 shares in the company, valued at $9,991,150.20. This trade represents a 1.62 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 86,877 shares of company stock worth $2,963,893. 28.40% of the stock is owned by corporate insiders.

Institutional Trading of nCino

A number of hedge funds and other institutional investors have recently bought and sold shares of NCNO. Victory Capital Management Inc. increased its holdings in nCino by 15.0% during the 3rd quarter. Victory Capital Management Inc. now owns 11,784 shares of the company’s stock worth $372,000 after acquiring an additional 1,536 shares during the period. Natixis Advisors LLC increased its holdings in nCino by 5.9% during the 3rd quarter. Natixis Advisors LLC now owns 14,711 shares of the company’s stock worth $465,000 after acquiring an additional 822 shares during the period. Thrivent Financial for Lutherans bought a new position in shares of nCino in the 3rd quarter worth $689,000. Quest Partners LLC increased its holdings in shares of nCino by 30.4% in the 3rd quarter. Quest Partners LLC now owns 25,231 shares of the company’s stock worth $797,000 after buying an additional 5,879 shares during the last quarter. Finally, Segall Bryant & Hamill LLC bought a new position in shares of nCino in the 3rd quarter worth $6,288,000. 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 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.