nCino, Inc. (NASDAQ:NCNO) Given Average Rating of "Moderate Buy" by Analysts

Shares of nCino, Inc. (NASDAQ:NCNO - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the thirteen analysts that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $38.00.

NCNO has been the subject of several analyst reports. Robert W. Baird decreased their price objective on nCino from $37.00 to $36.00 and set a "neutral" rating for the company in a report on Thursday, May 30th. Needham & Company LLC lowered their price target on nCino from $42.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, August 28th. Macquarie reissued an "outperform" rating and issued a $40.00 price objective on shares of nCino in a report on Wednesday, August 28th. Truist Financial reissued a "buy" rating and issued a $37.00 target price on shares of nCino in a research note on Wednesday, August 28th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $43.00 price target on shares of nCino in a research report on Wednesday, August 28th.

Insiders Place Their Bets

In related news, insider April Rieger sold 8,856 shares of the company's stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $31.23, for a total value of $276,572.88. Following the transaction, the insider now directly owns 165,791 shares in the company, valued at $5,177,652.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other nCino news, insider April Rieger sold 8,856 shares of the firm's stock in a transaction on Monday, July 15th. The stock was sold at an average price of $31.23, for a total transaction of $276,572.88. Following the transaction, the insider now owns 165,791 shares in the company, valued at approximately $5,177,652.93. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Insight Holdings Group, Llc sold 195,292 shares of the company's stock in a transaction on Friday, June 21st. The shares were sold at an average price of $31.60, for a total value of $6,171,227.20. Following the sale, the director now owns 2,057,578 shares of the company's stock, valued at $65,019,464.80. The disclosure for this sale can be found here. Insiders have sold 4,741,422 shares of company stock worth $152,380,666 in the last 90 days. Company insiders own 28.40% of the company's stock.

Hedge Funds Weigh In On nCino

Several hedge funds have recently bought and sold shares of the company. Crewe Advisors LLC bought a new position in nCino in the second quarter valued at approximately $26,000. Benjamin F. Edwards & Company Inc. acquired a new position in shares of nCino during the 1st quarter worth $52,000. Covestor Ltd lifted its position in shares of nCino by 29.6% during the 1st 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. Amalgamated Bank lifted its position in shares of nCino by 28.1% during the 2nd quarter. Amalgamated Bank now owns 5,174 shares of the company's stock worth $163,000 after buying an additional 1,134 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its stake in nCino by 145.6% in the first quarter. Lazard Asset Management LLC now owns 4,516 shares of the company's stock valued at $168,000 after buying an additional 2,677 shares in the last quarter. 94.76% of the stock is owned by institutional investors.

nCino Stock Up 0.5 %

Shares of NCNO traded up $0.16 during midday trading on Wednesday, hitting $29.88. The stock had a trading volume of 1,086,371 shares, compared to its average volume of 1,038,874. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of -96.42, a price-to-earnings-growth ratio of 22.77 and a beta of 0.58. The company has a 50 day simple moving average of $31.85 and a two-hundred day simple moving average of $31.41. nCino has a twelve month low of $27.13 and a twelve month high of $37.48.

nCino (NASDAQ:NCNO - Get Free Report) last released its earnings results on Tuesday, August 27th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.13 by $0.01. nCino had a positive return on equity of 1.06% and a negative net margin of 5.78%. The firm had revenue of $132.40 million for the quarter, compared to analysts' expectations of $131.06 million. During the same quarter in the previous year, the business posted ($0.02) EPS. The business's quarterly revenue was up 13.0% compared to the same quarter last year. On average, analysts anticipate that nCino will post 0.06 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.