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

Shares of nCino, Inc. (NASDAQ:NCNO - Get Free Report) have been given a consensus rating of "Moderate Buy" by the fifteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $42.50.

A number of analysts have recently commented on the company. Barclays upgraded nCino from an "equal weight" rating to an "overweight" rating and set a $44.00 target price on the stock in a research note on Monday, January 6th. Robert W. Baird cut their target price on shares of nCino from $43.00 to $42.00 and set a "neutral" rating for the company in a report on Thursday, December 5th. Keefe, Bruyette & Woods increased their price target on shares of nCino from $41.00 to $49.00 and gave the stock an "outperform" rating in a report on Monday, December 2nd. Stephens lifted their price objective on shares of nCino from $35.00 to $38.00 and gave the company an "equal weight" rating in a report on Thursday, December 5th. Finally, Truist Financial reissued a "buy" rating and set a $44.00 target price (up from $37.00) on shares of nCino in a research note on Monday, October 21st.

nCino Stock Performance

NASDAQ:NCNO traded down $1.26 during mid-day trading on Friday, hitting $33.00. The company's stock had a trading volume of 385,695 shares, compared to its average volume of 989,414. The business's fifty day moving average is $33.96 and its two-hundred day moving average is $34.60. The stock has a market cap of $3.82 billion, a price-to-earnings ratio of -194.28, a PEG ratio of 5.70 and a beta of 0.65. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.95 and a quick ratio of 1.95. nCino has a 1 year low of $28.09 and a 1 year high of $43.20.

Insider Transactions at nCino

In other news, CEO Sean Desmond sold 5,034 shares of the firm's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $32.60, for a total value of $164,108.40. Following the transaction, the chief executive officer now directly owns 306,477 shares of the company's stock, valued at approximately $9,991,150.20. This trade represents a 1.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider April Rieger sold 4,325 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $32.60, for a total transaction of $140,995.00. Following the transaction, the insider now owns 145,953 shares in the company, valued at $4,758,067.80. The trade was a 2.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,270,085 shares of company stock valued at $225,838,863 over the last ninety days. Insiders own 28.40% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NCNO. Franklin Resources Inc. lifted its position in nCino by 46.0% during the third quarter. Franklin Resources Inc. now owns 1,092,862 shares of the company's stock worth $38,327,000 after buying an additional 344,269 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in shares of nCino during the 3rd quarter worth approximately $689,000. Verition Fund Management LLC purchased a new stake in shares of nCino during the 3rd quarter valued at approximately $594,000. Charles Schwab Investment Management Inc. lifted its holdings in nCino by 51.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 556,757 shares of the company's stock valued at $17,588,000 after acquiring an additional 189,283 shares during the last quarter. Finally, Vanderbilt University grew its position in nCino by 192.3% in the third quarter. Vanderbilt University now owns 140,571 shares of the company's stock worth $4,441,000 after acquiring an additional 92,481 shares during the period. 94.76% of the stock is owned by hedge funds and other institutional investors.

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.