Analysts Set nCino, Inc. (NASDAQ:NCNO) PT at $42.50

nCino, Inc. (NASDAQ:NCNO - Get Free Report) has received a consensus rating of "Moderate Buy" from the fifteen brokerages that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $42.50.

Several equities research analysts recently weighed in on the company. Needham & Company LLC lifted their price target on nCino from $40.00 to $45.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Macquarie lifted their price target on nCino from $40.00 to $43.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Stephens lifted their price target on nCino from $35.00 to $38.00 and gave the company an "equal weight" rating in a research report on Thursday, December 5th. William Blair restated an "outperform" rating on shares of nCino in a research report on Thursday, December 5th. Finally, Morgan Stanley dropped their price target on nCino from $41.00 to $39.00 and set an "equal weight" rating on the stock in a research report on Friday, December 6th.

nCino Trading Down 0.0 %

Shares of NCNO traded down $0.01 during mid-day trading on Tuesday, hitting $33.23. 683,080 shares of the company's stock traded hands, compared to its average volume of 951,334. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.20. nCino has a 1 year low of $28.09 and a 1 year high of $43.20. The firm has a market capitalization of $3.85 billion, a P/E ratio of -195.46, a PEG ratio of 12.70 and a beta of 0.64. The business's 50-day moving average price is $36.87 and its 200-day moving average price is $34.43.

Insider Activity

In related news, Director Jeff Horing sold 450,000 shares of the company's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $37.27, for a total transaction of $16,771,500.00. Following the completion of the sale, the director now owns 12,063,467 shares in the company, valued at approximately $449,605,415.09. This represents a 3.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 6,238,084 shares of company stock valued at $224,795,630 over the last ninety days. 28.40% of the stock is currently owned by corporate insiders.

Institutional Trading of nCino

A number of hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp purchased a new stake in nCino during the fourth quarter valued at $34,000. Cottonwood Capital Advisors LLC purchased a new stake in nCino in the fourth quarter worth about $218,000. Janney Montgomery Scott LLC increased its position in nCino by 12.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 9,865 shares of the company's stock worth $331,000 after buying an additional 1,072 shares in the last quarter. Mechanics Bank Trust Department purchased a new stake in nCino in the fourth quarter worth about $201,000. Finally, Hilltop National Bank purchased a new stake in nCino in the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 94.76% of the company's stock.

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.