Brokerages Set nCino Inc. (NASDAQ:NCNO) Target Price at $26.07

nCino Inc. (NASDAQ:NCNO) has received a consensus recommendation of “Moderate Buy” from the twenty brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $26.0667.

Several research firms have commented on NCNO. Zacks Research upgraded shares of nCino from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. Barclays boosted their price target on shares of nCino from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 1st. Stephens dropped their price target on shares of nCino from $34.00 to $26.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Keefe, Bruyette & Woods dropped their price target on shares of nCino from $36.00 to $24.00 and set an “outperform” rating for the company in a research note on Wednesday, April 1st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of nCino in a research note on Thursday, January 22nd.

nCino Stock Performance

NASDAQ:NCNO opened at $18.05 on Thursday. The company has a fifty day simple moving average of $16.29 and a two-hundred day simple moving average of $21.63. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 361.00, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.25. nCino has a 52 week low of $13.80 and a 52 week high of $33.92.

nCino (NASDAQ:NCNO) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.21 by $0.16. The business had revenue of $149.67 million during the quarter, compared to the consensus estimate of $147.41 million. nCino had a net margin of 0.87% and a return on equity of 4.75%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 earnings per share. As a group, equities analysts anticipate that nCino will post 0.52 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Sean Desmond sold 16,047 shares of the business’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $18.68, for a total transaction of $299,757.96. Following the completion of the transaction, the chief executive officer owned 602,550 shares in the company, valued at approximately $11,255,634. The trade was a 2.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Jeanette Sellers sold 2,182 shares of the business’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $18.26, for a total transaction of $39,843.32. Following the transaction, the senior vice president owned 43,219 shares of the company’s stock, valued at approximately $789,178.94. The trade was a 4.81% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 123,554 shares of company stock valued at $2,195,469. Insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On nCino

Institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC grew its stake in shares of nCino by 186.4% during the third quarter. Farther Finance Advisors LLC now owns 948 shares of the company’s stock worth $26,000 after purchasing an additional 617 shares in the last quarter. CWM LLC grew its stake in shares of nCino by 255.8% during the fourth quarter. CWM LLC now owns 1,142 shares of the company’s stock worth $29,000 after purchasing an additional 821 shares in the last quarter. AlphaQuest LLC grew its stake in shares of nCino by 5,022.2% during the third quarter. AlphaQuest LLC now owns 1,383 shares of the company’s stock worth $37,000 after purchasing an additional 1,356 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of nCino during the fourth quarter worth $38,000. Finally, Quarry LP grew its stake in shares of nCino by 138.2% during the third quarter. Quarry LP now owns 1,701 shares of the company’s stock worth $46,000 after purchasing an additional 987 shares in the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

nCino Company Profile

nCino, Inc provides a cloud-based banking operating system designed to modernize and streamline processes for financial institutions. Built on a software-as-a-service (SaaS) model, the nCino Bank Operating System integrates key banking functions into a unified platform, enabling banks and credit unions to enhance efficiency, reduce risk and improve customer experiences.

Founded in 2012 as a spinoff from Live Oak Bank, nCino launched its flagship offering to address the needs of commercial and retail lenders seeking to replace legacy systems.