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.
Get nCino alerts: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
Several large investors have recently made changes to their positions in NCNO. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of nCino by 32.9% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,774,524 shares of the company's stock valued at $196,969,000 after purchasing an additional 1,430,585 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of nCino by 19.5% during the 3rd quarter. Vanguard Group Inc. now owns 6,996,554 shares of the company's stock valued at $238,653,000 after purchasing an additional 1,143,370 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of nCino by 7.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 10,806,891 shares of the company's stock worth $334,149,000 after buying an additional 733,676 shares during the period. BlackRock Inc. boosted its holdings in shares of nCino by 29.4% in the third quarter. BlackRock Inc. now owns 3,095,956 shares of the company's stock worth $105,602,000 after buying an additional 704,230 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of nCino by 62.7% in the second quarter. JPMorgan Chase & Co. now owns 1,640,562 shares of the company's stock worth $50,726,000 after buying an additional 632,253 shares during the period. Institutional investors own 88.69% of the company's stock.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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