Scotiabank Has Bullish Forecast for nCino FY2025 Earnings

nCino, Inc. (NASDAQ:NCNO - Free Report) - Analysts at Scotiabank increased their FY2025 earnings estimates for shares of nCino in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst N. Altmann now anticipates that the company will earn $0.12 per share for the year, up from their previous forecast of $0.04. Scotiabank currently has a "Sector Outperform" rating and a $46.00 target price on the stock. The consensus estimate for nCino's current full-year earnings is $0.10 per share.

Several other research analysts also recently weighed in on the stock. Stephens upped their price target on shares of nCino from $35.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 5th. Truist Financial reiterated a "buy" rating and issued a $44.00 price objective (up previously from $37.00) on shares of nCino in a report on Monday, October 21st. Piper Sandler reiterated a "neutral" rating and issued a $38.00 price objective on shares of nCino in a report on Thursday, December 5th. Barclays upgraded shares of nCino from an "equal weight" rating to an "overweight" rating and set a $44.00 price objective for the company in a report on Monday, January 6th. Finally, Robert W. Baird cut their price target 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. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $42.50.

nCino Price Performance

Shares of NCNO stock traded down $0.07 during mid-day trading on Monday, hitting $32.47. 260,017 shares of the stock were exchanged, compared to its average volume of 788,993. nCino has a 52-week low of $28.09 and a 52-week high of $43.20. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.20. The firm has a fifty day moving average of $37.74 and a 200 day moving average of $34.36. The company has a market cap of $3.76 billion, a PE ratio of -190.99, a price-to-earnings-growth ratio of 16.39 and a beta of 0.64.

Institutional Investors Weigh In On nCino

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Asset Management One Co. Ltd. raised its stake in nCino by 21.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,956 shares of the company's stock worth $62,000 after acquiring an additional 341 shares in the last quarter. Malaga Cove Capital LLC raised its stake in nCino by 3.0% during the 3rd quarter. Malaga Cove Capital LLC now owns 13,614 shares of the company's stock worth $430,000 after acquiring an additional 400 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in nCino by 3.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,602 shares of the company's stock worth $459,000 after acquiring an additional 508 shares in the last quarter. Precision Wealth Strategies LLC increased its stake in nCino by 4.5% in the third quarter. Precision Wealth Strategies LLC now owns 13,564 shares of the company's stock valued at $428,000 after purchasing an additional 589 shares during the period. Finally, Natixis Advisors LLC increased its stake in nCino by 5.9% in the third quarter. Natixis Advisors LLC now owns 14,711 shares of the company's stock valued at $465,000 after purchasing an additional 822 shares during the period. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at nCino

In other news, Director William J. Ruh sold 10,000 shares of nCino stock in a transaction on Monday, October 21st. The shares were sold at an average price of $37.50, for a total transaction of $375,000.00. Following the completion of the sale, the director now directly owns 226,201 shares of the company's stock, valued at approximately $8,482,537.50. The trade was a 4.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeff Horing sold 1,356,721 shares of nCino stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $36.02, for a total transaction of $48,869,090.42. Following the sale, the director now owns 14,656,746 shares in the company, valued at $527,935,990.92. This represents a 8.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,438,780 shares of company stock valued at $341,199,885 in the last 90 days. Company insiders own 28.40% 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.