nCino, Inc. (NASDAQ:NCNO) Receives $35.91 Average Price Target from Analysts

Shares of nCino, Inc. (NASDAQ:NCNO) have been assigned a consensus rating of “Moderate Buy” from the twelve brokerages that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $35.91.

Several analysts have recently commented on the stock. William Blair reissued an “outperform” rating on shares of nCino in a research note on Wednesday, March 27th. Robert W. Baird increased their price target on shares of nCino from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. Needham & Company LLC increased their price target on shares of nCino from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. Piper Sandler reaffirmed an “overweight” rating and issued a $42.00 price objective on shares of nCino in a research note on Wednesday, March 27th. Finally, Keefe, Bruyette & Woods began 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.

nCino Price Performance

NCNO opened at $29.78 on Friday. nCino has a one year low of $21.26 and a one year high of $37.48. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.17 and a quick ratio of 1.17. The company’s 50 day simple moving average is $31.15 and its 200-day simple moving average is $30.94. The stock has a market capitalization of $3.40 billion, a P/E ratio of -78.37, a price-to-earnings-growth ratio of 25.01 and a beta of 0.49.

nCino (NASDAQ:NCNO) last released its quarterly earnings results on Tuesday, March 26th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.08. nCino had a negative net margin of 8.89% and a positive return on equity of 0.31%. The business had revenue of $123.69 million for the quarter, compared to analysts’ expectations of $124.58 million. Sell-side analysts anticipate that nCino will post 0.05 earnings per share for the current fiscal year.

Insider Activity

In other news, insider April Rieger sold 1,518 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $31.22, for a total value of $47,391.96. Following the completion of the transaction, the insider now owns 150,538 shares of the company’s stock, valued at approximately $4,699,796.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider April Rieger sold 1,518 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $31.22, for a total value of $47,391.96. Following the completion of the transaction, the insider now owns 150,538 shares of the company’s stock, valued at approximately $4,699,796.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Gregory Orenstein sold 1,703 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $30.66, for a total transaction of $52,213.98. Following the completion of the transaction, the chief financial officer now directly owns 219,012 shares of the company’s stock, valued at approximately $6,714,907.92. The disclosure for this sale can be found here. Insiders sold 1,105,300 shares of company stock valued at $38,835,333 in the last quarter. Company insiders own 38.20% of the company’s stock.

Hedge Funds Weigh In On nCino

Several institutional investors and hedge funds have recently made changes to their positions in the company. First Bank & Trust lifted its position in nCino by 4.1% in the 4th 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. Parkwood LLC lifted its position in nCino by 6.7% in the 4th quarter. Parkwood LLC now owns 10,400 shares of the company’s stock valued at $350,000 after acquiring an additional 655 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in nCino by 9.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 13,047 shares of the company’s stock valued at $439,000 after acquiring an additional 1,087 shares in the last quarter. KLR Investment Advisors LLC lifted its position in nCino by 8.5% in the 1st quarter. KLR Investment Advisors LLC now owns 14,056 shares of the company’s stock valued at $525,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Swiss National Bank lifted its position in nCino by 1.3% in the 3rd quarter. Swiss National Bank now owns 111,000 shares of the company’s stock valued at $3,530,000 after acquiring an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

About nCino

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.