Analysts Set nCino, Inc. (NASDAQ:NCNO) Price Target at $34.60

nCino, Inc. (NASDAQ:NCNOGet Free Report) has been given an average rating of “Hold” by the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $34.60.

Several analysts recently commented on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of nCino in a research report on Thursday, November 30th. Truist Financial cut their price objective on shares of nCino from $40.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, November 30th. Finally, Piper Sandler restated an “overweight” rating and set a $42.00 price objective on shares of nCino in a research report on Tuesday, January 9th.

Check Out Our Latest Stock Analysis on nCino

nCino Price Performance

Shares of NCNO stock opened at $31.96 on Tuesday. The firm’s 50-day moving average is $32.36 and its two-hundred day moving average is $30.82. nCino has a 12 month low of $19.58 and a 12 month high of $35.83. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market capitalization of $3.62 billion, a PE ratio of -55.10, a price-to-earnings-growth ratio of 28.36 and a beta of 0.46.

nCino (NASDAQ:NCNOGet Free Report) last released its quarterly earnings results on Wednesday, November 29th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. nCino had a negative net margin of 14.01% and a negative return on equity of 1.15%. The firm had revenue of $121.94 million during the quarter, compared to the consensus estimate of $120.63 million. During the same quarter in the prior year, the firm earned ($0.12) EPS. nCino’s revenue for the quarter was up 15.8% on a year-over-year basis. Analysts predict that nCino will post -0.07 earnings per share for the current year.

Insiders Place Their Bets

In other nCino news, VP Jeanette Sellers sold 3,850 shares of the firm’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $33.73, for a total value of $129,860.50. Following the sale, the vice president now directly owns 22,387 shares in the company, valued at $755,113.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other nCino news, Director Steven A. Collins sold 3,700 shares of nCino stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $35.56, for a total transaction of $131,572.00. Following the transaction, the director now owns 67,216 shares of the company’s stock, valued at approximately $2,390,200.96. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Jeanette Sellers sold 3,850 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $33.73, for a total value of $129,860.50. Following the completion of the sale, the vice president now directly owns 22,387 shares of the company’s stock, valued at approximately $755,113.51. The disclosure for this sale can be found here. Insiders sold a total of 32,935 shares of company stock valued at $1,069,845 over the last 90 days. 38.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. State of Wyoming lifted its holdings in shares of nCino by 56.8% during the fourth quarter. State of Wyoming now owns 1,350 shares of the company’s stock worth $36,000 after buying an additional 489 shares during the last quarter. UBS Group AG increased its position in shares of nCino by 218.7% during the third quarter. UBS Group AG now owns 1,807 shares of the company’s stock valued at $62,000 after purchasing an additional 1,240 shares during the period. PNC Financial Services Group Inc. increased its position in shares of nCino by 643.3% during the third quarter. PNC Financial Services Group Inc. now owns 3,538 shares of the company’s stock valued at $113,000 after purchasing an additional 3,062 shares during the period. Advisory Services Network LLC increased its position in shares of nCino by 41.7% during the first quarter. Advisory Services Network LLC now owns 5,545 shares of the company’s stock valued at $137,000 after purchasing an additional 1,633 shares during the period. Finally, Advisors Asset Management Inc. increased its position in shares of nCino by 47.9% during the first quarter. Advisors Asset Management Inc. now owns 3,429 shares of the company’s stock valued at $141,000 after purchasing an additional 1,111 shares during the period. 95.37% of the stock is currently owned by institutional investors and hedge funds.

nCino Company Profile

(Get Free Report

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.

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Analyst Recommendations for nCino (NASDAQ:NCNO)

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