nCino (NASDAQ:NCNO) Issues FY25 Earnings Guidance

nCino (NASDAQ:NCNO) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.60-0.64 for the period, compared to the consensus estimate of $0.57. The company issued revenue guidance of $538.5-544.5 million, compared to the consensus revenue estimate of $545.43 million. nCino also updated its FY 2025 guidance to 0.600-0.640 EPS.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NCNO shares. Morgan Stanley raised their price objective on nCino from $27.00 to $30.00 and gave the company an equal weight rating in a research report on Wednesday. Piper Sandler restated an overweight rating and set a $42.00 price target on shares of nCino in a research note on Wednesday. Truist Financial cut their target price on nCino from $40.00 to $37.00 and set a buy rating on the stock in a research report on Thursday, November 30th. William Blair reaffirmed an outperform rating on shares of nCino in a research report on Wednesday. Finally, Needham & Company LLC lifted their target price on nCino from $40.00 to $42.00 and gave the stock a buy rating in a report on Wednesday. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $35.40.

nCino Trading Up 19.0 %

Shares of nCino stock opened at $35.90 on Thursday. nCino has a 12 month low of $21.26 and a 12 month high of $36.65. 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 business has a 50 day simple moving average of $30.69 and a two-hundred day simple moving average of $30.72.

Insider Activity at nCino

In related news, VP Jeanette Sellers sold 894 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $31.18, for a total value of $27,874.92. Following the completion of the sale, the vice president now owns 20,770 shares of the company’s stock, valued at $647,608.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other nCino news, VP Jeanette Sellers sold 894 shares of nCino stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $31.18, for a total transaction of $27,874.92. Following the transaction, the vice president now directly owns 20,770 shares of the company’s stock, valued at $647,608.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Matthew Royce Hansen sold 5,948 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $34.65, for a total transaction of $206,098.20. Following the sale, the insider now owns 228,514 shares of the company’s stock, valued at approximately $7,918,010.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,935 shares of company stock valued at $1,069,845. Corporate insiders own 38.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of NCNO. State of Wyoming increased its stake 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 period. UBS Group AG grew its stake in shares of nCino by 218.7% during the third quarter. UBS Group AG now owns 1,807 shares of the company’s stock worth $62,000 after purchasing an additional 1,240 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in nCino by 47.9% in the first quarter. Advisors Asset Management Inc. now owns 3,429 shares of the company’s stock valued at $141,000 after buying an additional 1,111 shares during the last quarter. Comerica Bank acquired a new position in shares of nCino during the 2nd quarter worth about $1,070,000. Finally, MetLife Investment Management LLC acquired a new position in nCino in the first quarter valued at approximately $149,000. 94.76% of the stock is owned by institutional investors and hedge funds.

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, 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.