nCino (NASDAQ:NCNO) Upgraded at Raymond James Financial

Raymond James Financial upgraded shares of nCino (NASDAQ:NCNO) from an outperform rating to a strong-buy rating in a report issued on Monday, MarketBeat reports. Raymond James Financial currently has $36.00 price objective on the stock.

Other equities research analysts also recently issued reports about the stock. Barclays lifted their target price on shares of nCino from $31.00 to $37.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of nCino in a research note on Wednesday, October 8th. William Blair upgraded shares of nCino from a “market perform” rating to an “outperform” rating in a research note on Friday, October 10th. Zacks Research lowered shares of nCino from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Finally, Baird R W upgraded shares of nCino from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $33.94.

nCino Price Performance

NCNO stock opened at $25.59 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. nCino has a 12 month low of $18.75 and a 12 month high of $43.20. The firm has a market cap of $2.96 billion, a P/E ratio of -88.24, a P/E/G ratio of 16.36 and a beta of 0.64. The company’s 50-day moving average price is $28.23 and its two-hundred day moving average price is $26.99.

nCino (NASDAQ:NCNO) last released its earnings results on Tuesday, August 26th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.14 by $0.08. nCino had a negative net margin of 5.86% and a positive return on equity of 1.18%. The firm had revenue of $148.82 million for the quarter, compared to analyst estimates of $143.17 million. During the same period last year, the firm earned $0.14 EPS. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. nCino has set its FY 2026 guidance at 0.770-0.800 EPS. Q3 2026 guidance at 0.200-0.21 EPS. On average, analysts anticipate that nCino will post 0.12 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Jeff Horing sold 3,889,254 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $30.00, for a total transaction of $116,677,620.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider April Rieger sold 3,028 shares of nCino stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $27.45, for a total value of $83,118.60. Following the completion of the sale, the insider owned 240,523 shares of the company’s stock, valued at $6,602,356.35. The trade was a 1.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,480,723 shares of company stock valued at $135,667,553. 5.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On nCino

Several large investors have recently bought and sold shares of the business. Long Path Partners LP grew its stake in shares of nCino by 61.1% during the 2nd quarter. Long Path Partners LP now owns 4,787,869 shares of the company’s stock valued at $133,917,000 after purchasing an additional 1,815,868 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in nCino by 50.2% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,867,463 shares of the company’s stock worth $133,710,000 after purchasing an additional 1,626,446 shares in the last quarter. Spyglass Capital Management LLC purchased a new position in nCino in the 2nd quarter worth approximately $44,190,000. Owls Nest Partners IA LLC purchased a new position in nCino in the 2nd quarter worth approximately $33,442,000. Finally, Hood River Capital Management LLC purchased a new stake in shares of nCino during the 2nd quarter worth approximately $28,183,000. 94.76% of the stock is currently owned by 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.