nCino, Inc. (NASDAQ:NCNO) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of nCino, Inc. (NASDAQ:NCNO) have been assigned an average rating of “Moderate Buy” from the eleven brokerages that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $36.00.

NCNO has been the topic of a number of analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $38.00 price target on shares of nCino in a research note on Monday, July 1st. William Blair reiterated an “outperform” rating on shares of nCino in a report on Wednesday, June 26th. Needham & Company LLC reissued a “buy” rating and issued a $42.00 price target on shares of nCino in a report on Thursday, May 30th. Morgan Stanley upped their price objective on shares of nCino from $27.00 to $30.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 27th. Finally, Keefe, Bruyette & Woods initiated coverage on shares of nCino in a report on Tuesday, April 9th. They set an “outperform” rating and a $41.00 target price for the company.

Insider Transactions at nCino

In related news, insider Sean Desmond sold 5,988 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $30.15, for a total value of $180,538.20. Following the sale, the insider now directly owns 370,790 shares of the company’s stock, valued at $11,179,318.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Sean Desmond sold 5,988 shares of nCino stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $30.15, for a total transaction of $180,538.20. Following the completion of the transaction, the insider now directly owns 370,790 shares of the company’s stock, valued at approximately $11,179,318.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Gregory Orenstein sold 5,110 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $30.63, for a total transaction of $156,519.30. Following the sale, the chief financial officer now directly owns 290,136 shares in the company, valued at approximately $8,886,865.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,398,544 shares of company stock valued at $75,533,549. Corporate insiders own 28.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. First Bank & Trust increased its holdings in shares of nCino by 4.1% during the fourth quarter. First Bank & Trust now owns 9,970 shares of the company’s stock valued at $335,000 after acquiring an additional 395 shares in the last quarter. Covestor Ltd raised its holdings in nCino by 29.6% in the first quarter. Covestor Ltd now owns 2,736 shares of the company’s stock worth $102,000 after buying an additional 625 shares during the last quarter. Parkwood LLC lifted its stake in shares of nCino by 6.7% in the fourth quarter. Parkwood LLC now owns 10,400 shares of the company’s stock worth $350,000 after buying an additional 655 shares in the last quarter. Mesirow Institutional Investment Management Inc. grew its holdings 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 buying an additional 719 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in shares of nCino by 8.6% during the first quarter. Oppenheimer Asset Management Inc. now owns 10,084 shares of the company’s stock valued at $377,000 after acquiring an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 94.76% of the company’s stock.

nCino Price Performance

Shares of nCino stock opened at $31.75 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.07 and a current ratio of 1.07. nCino has a 52-week low of $27.13 and a 52-week high of $37.48. The company has a fifty day moving average of $31.05 and a 200-day moving average of $31.52. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of -102.42, a price-to-earnings-growth ratio of 17.13 and a beta of 0.59.

nCino (NASDAQ:NCNO) last posted its quarterly earnings results on Wednesday, May 29th. The company reported $0.05 earnings per share (EPS) for the quarter. The business had revenue of $128.09 million during the quarter, compared to analyst estimates of $126.59 million. nCino had a negative net margin of 6.94% and a positive return on equity of 1.13%. Equities research analysts expect that nCino will post 0.08 EPS 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.