nCino (NCNO) Projected to Post Earnings on Tuesday

nCino (NASDAQ:NCNO) is expected to announce its earnings results after the market closes on Tuesday, April 1st. Analysts expect the company to announce earnings of $0.18 per share and revenue of $140.81 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

nCino Stock Down 1.9 %

NASDAQ NCNO opened at $28.92 on Monday. The business’s fifty day simple moving average is $31.44 and its 200-day simple moving average is $34.22. 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 market cap of $3.35 billion, a PE ratio of -170.11, a P/E/G ratio of 5.77 and a beta of 0.66. nCino has a 52 week low of $27.29 and a 52 week high of $43.20.

Wall Street Analyst Weigh In

A number of brokerages have commented on NCNO. Needham & Company LLC lifted their target price on shares of nCino from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Scotiabank reduced their price target on shares of nCino from $42.00 to $35.00 and set a “sector outperform” rating on the stock in a research report on Thursday. Raymond James decreased their price objective on nCino from $44.00 to $42.00 and set an “outperform” rating on the stock in a report on Tuesday, March 25th. Keefe, Bruyette & Woods cut their target price on nCino from $44.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday. Finally, UBS Group assumed coverage on nCino in a research report on Monday, December 16th. They issued a “buy” rating and a $44.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $41.36.

Insider Activity at nCino

In other nCino news, Director Jeff Horing sold 54,876 shares of nCino stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $35.00, for a total value of $1,920,660.00. Following the completion of the transaction, the director now directly owns 4,458,591 shares of the company’s stock, valued at $156,050,685. The trade was a 1.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider April Rieger sold 4,325 shares of the 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 sale, the insider now directly owns 145,953 shares in the company, valued at $4,758,067.80. This represents a 2.88 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 86,877 shares of company stock worth $2,963,893. 28.40% of the stock is currently owned by company insiders.

About nCino

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.