nCino’s (NCNO) “Outperform” Rating Reaffirmed at William Blair

William Blair reiterated their outperform rating on shares of nCino (NASDAQ:NCNO) in a research note published on Wednesday, RTT News reports.

NCNO has been the topic of several other research reports. Morgan Stanley upgraded nCino from an underweight rating to an equal weight rating and upped their price objective for the company from $24.00 to $27.00 in a research note on Friday, March 15th. Truist Financial dropped their price target on nCino from $40.00 to $37.00 and set a buy rating on the stock in a research report on Thursday, November 30th. Needham & Company LLC increased their price target on nCino from $40.00 to $42.00 and gave the stock a buy rating in a research report on Wednesday. Piper Sandler reiterated an overweight rating and set a $42.00 price target on shares of nCino in a research report on Wednesday. Finally, Robert W. Baird increased their price target on nCino from $34.00 to $36.00 and gave the stock a neutral rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $35.40.

nCino Trading Up 19.0 %

Shares of NASDAQ NCNO opened at $35.90 on Wednesday. The stock’s 50 day moving average price is $30.69 and its two-hundred day moving average price is $30.72. nCino has a 52-week low of $21.26 and a 52-week high of $36.65. The stock has a market capitalization of $4.06 billion, a P/E ratio of -61.90, a PEG ratio of 11.16 and a beta of 0.44. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.05.

Insider Activity at nCino

In other nCino news, VP Jeanette Sellers sold 894 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $31.18, for a total transaction of $27,874.92. Following the completion of the transaction, the vice president now directly owns 20,770 shares of the company’s stock, valued at approximately $647,608.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other nCino news, VP Jeanette Sellers sold 894 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $31.18, for a total transaction of $27,874.92. Following the completion of the transaction, the vice president now directly owns 20,770 shares of the company’s stock, valued at approximately $647,608.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider April Rieger sold 1,460 shares of the stock in a transaction on Monday, February 5th. The shares were sold at an average price of $30.66, for a total value of $44,763.60. Following the transaction, the insider now directly owns 149,078 shares of the company’s stock, valued at $4,570,731.48. The disclosure for this sale can be found here. Insiders have sold a total of 32,935 shares of company stock worth $1,069,845 in the last three months. 38.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On nCino

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NCNO. State of Wyoming boosted its stake in nCino by 56.8% during the 4th quarter. State of Wyoming now owns 1,350 shares of the company’s stock valued at $36,000 after purchasing an additional 489 shares in the last quarter. UBS Group AG boosted its stake in shares of nCino by 218.7% during the 3rd quarter. UBS Group AG now owns 1,807 shares of the company’s stock worth $62,000 after acquiring an additional 1,240 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of nCino by 643.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,538 shares of the company’s stock worth $113,000 after acquiring an additional 3,062 shares in the last quarter. Advisory Services Network LLC boosted its stake in shares of nCino by 41.7% during the 1st quarter. Advisory Services Network LLC now owns 5,545 shares of the company’s stock worth $137,000 after acquiring an additional 1,633 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of nCino by 47.9% during the 1st quarter. Advisors Asset Management Inc. now owns 3,429 shares of the company’s stock worth $141,000 after acquiring an additional 1,111 shares in the last quarter. 94.76% of the stock is 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, a secure cloud-based solution, which empowers bank employees and leaders with true insight into the bank through an end-to-end platform that spans business lines and combines customer relationship management, customer onboarding, account opening, loan origination, deposit accounts, workflow, credit analysis, enterprise content management, and instant reporting capabilities.