nCino, Inc. (NASDAQ:NCNO – Get Rating) has been given a consensus rating of "Moderate Buy" by the eleven ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $36.27.

NCNO has been the topic of several recent analyst reports. Barclays cut their price target on shares of nCino from $39.00 to $35.00 in a report on Thursday, December 1st. Piper Sandler cut their price target on shares of nCino from $35.00 to $30.00 and set an "overweight" rating on the stock in a report on Monday, January 9th. Morgan Stanley cut their price target on shares of nCino from $50.00 to $35.00 and set an "overweight" rating on the stock in a report on Thursday, December 1st. Robert W. Baird raised shares of nCino from a "neutral" rating to an "outperform" rating and set a $35.00 price target on the stock in a report on Wednesday, December 14th. Finally, Scotiabank assumed coverage on shares of nCino in a report on Monday, October 31st. They set a "sector outperform" rating and a $42.00 target price on the stock.

Insider Activity at nCino

In related news, insider Matthew Royce Hansen sold 6,134 shares of the stock in a transaction dated Tuesday, January 10th. The shares were sold at an average price of $26.16, for a total value of $160,465.44. Following the completion of the transaction, the insider now owns 148,425 shares in the company, valued at approximately $3,882,798. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Matthew Royce Hansen sold 6,134 shares of the stock in a transaction dated Tuesday, January 10th. The shares were sold at an average price of $26.16, for a total value of $160,465.44. Following the completion of the transaction, the insider now owns 148,425 shares in the company, valued at approximately $3,882,798. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joshua L. Glover sold 4,052 shares of the stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $28.95, for a total transaction of $117,305.40. Following the completion of the transaction, the insider now owns 267,106 shares of the company's stock, valued at approximately $7,732,718.70. The disclosure for this sale can be found here. Insiders sold 22,926 shares of company stock worth $646,594 in the last 90 days. Corporate insiders own 37.20% of the company's stock.

Hedge Funds Weigh In On nCino

nCino Trading Up 3.8 %

Shares of NCNO stock opened at $27.03 on Friday. The company has a market capitalization of $3.00 billion, a PE ratio of -33.37 and a beta of 0.30. The firm has a fifty day simple moving average of $26.19 and a 200-day simple moving average of $30.22. nCino has a twelve month low of $22.97 and a twelve month high of $55.40.

nCino (NASDAQ:NCNO – Get Rating) last posted its quarterly earnings results on Wednesday, November 30th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.01. The firm had revenue of $105.30 million for the quarter, compared to analysts' expectations of $103.45 million. nCino had a negative net margin of 23.69% and a negative return on equity of 15.41%. Equities research analysts predict that nCino will post -0.63 EPS for the current year.

nCino Company Profile

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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, a tenant cloud platform, which digitizes, automates, and streamlines complex processes and workflow; and utilizes data analytics and artificial intelligence and machine learning (AI/ML) to enable banks and credit unions to onboard new clients, make loans and manage the entire loan life cycle, open deposit and other accounts, and manage regulatory compliance.

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