nCino, Inc. (NASDAQ:NCNO) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of nCino, Inc. (NASDAQ:NCNO - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the twelve research firms that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $38.82.

NCNO has been the subject of several research analyst reports. William Blair restated an "outperform" rating on shares of nCino in a research report on Wednesday, August 28th. Piper Sandler restated an "overweight" rating and issued a $38.00 target price on shares of nCino in a report on Wednesday, August 28th. JMP Securities reiterated a "market outperform" rating and set a $43.00 price target on shares of nCino in a report on Wednesday, August 28th. Macquarie reissued an "outperform" rating and issued a $40.00 price objective on shares of nCino in a research note on Wednesday, October 23rd. Finally, Raymond James raised nCino from a "market perform" rating to an "outperform" rating and set a $38.00 target price on the stock in a research note on Tuesday, September 3rd.

Insider Activity at nCino

In related news, CFO Gregory Orenstein sold 3,885 shares of the firm's stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $35.05, for a total transaction of $136,169.25. Following the transaction, the chief financial officer now owns 276,892 shares of the company's stock, valued at approximately $9,705,064.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Gregory Orenstein sold 3,885 shares of the company's stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $35.05, for a total transaction of $136,169.25. Following the completion of the sale, the chief financial officer now owns 276,892 shares in the company, valued at approximately $9,705,064.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jeff Horing sold 800,002 shares of the business's stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $33.16, for a total transaction of $26,528,066.32. Following the completion of the sale, the director now owns 16,649,942 shares of the company's stock, valued at $552,112,076.72. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,035,584 shares of company stock valued at $144,146,625. 28.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On nCino

Several large investors have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of nCino by 15.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 150,174 shares of the company's stock valued at $5,614,000 after acquiring an additional 20,133 shares during the period. Mesirow Institutional Investment Management Inc. lifted its stake in shares of nCino by 6.1% in the first quarter. Mesirow Institutional Investment Management Inc. now owns 12,422 shares of the company's stock valued at $464,000 after buying an additional 719 shares during the period. Oppenheimer Asset Management Inc. grew its position in nCino by 8.6% during the first quarter. Oppenheimer Asset Management Inc. now owns 10,084 shares of the company's stock worth $377,000 after buying an additional 800 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in nCino in the 1st quarter valued at approximately $355,000. Finally, US Bancorp DE lifted its position in shares of nCino by 7.1% in the 1st quarter. US Bancorp DE now owns 38,507 shares of the company's stock worth $1,439,000 after acquiring an additional 2,548 shares during the period. Institutional investors and hedge funds own 94.76% of the company's stock.

nCino Price Performance

Shares of NCNO traded up $1.84 during trading hours on Thursday, hitting $41.99. 1,687,208 shares of the company were exchanged, compared to its average volume of 1,079,260. 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 company has a market capitalization of $4.85 billion, a PE ratio of -148.70, a PEG ratio of 30.53 and a beta of 0.55. The firm has a fifty day simple moving average of $32.97 and a 200-day simple moving average of $32.05. nCino has a one year low of $27.47 and a one year high of $42.07.

nCino (NASDAQ:NCNO - Get Free Report) last released its quarterly earnings results on Tuesday, August 27th. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.01. The business had revenue of $132.40 million during the quarter, compared to analyst estimates of $131.06 million. nCino had a positive return on equity of 1.06% and a negative net margin of 5.78%. nCino's revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.02) EPS. As a group, sell-side analysts predict that nCino will post 0.05 earnings per share 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.