nCino, Inc. (NASDAQ:NCNO) Receives $35.91 Average Price Target from Analysts

Shares of nCino, Inc. (NASDAQ:NCNOGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the twelve ratings firms that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $35.91.

Several research analysts recently commented on NCNO shares. Morgan Stanley increased their price objective on nCino from $27.00 to $30.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 27th. Piper Sandler restated an “overweight” rating and issued a $42.00 target price on shares of nCino in a report on Wednesday, March 27th. Robert W. Baird upped their target price on nCino from $34.00 to $36.00 and gave the company a “neutral” rating in a report on Wednesday, March 27th. Needham & Company LLC upped their target price on nCino from $40.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Finally, William Blair restated an “outperform” rating on shares of nCino in a report on Wednesday, March 27th.

Check Out Our Latest Stock Analysis on NCNO

nCino Stock Down 0.4 %

NASDAQ NCNO opened at $31.57 on Thursday. The business has a fifty day moving average price of $31.61 and a 200 day moving average price of $31.26. nCino has a one year low of $21.32 and a one year high of $37.48. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market cap of $3.61 billion, a P/E ratio of -83.08, a P/E/G ratio of 26.32 and a beta of 0.57.

nCino (NASDAQ:NCNOGet Free Report) last posted its quarterly earnings data on Tuesday, March 26th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.08. nCino had a positive return on equity of 0.31% and a negative net margin of 8.89%. The firm had revenue of $123.69 million during the quarter, compared to the consensus estimate of $124.58 million. Research analysts anticipate that nCino will post 0.05 EPS for the current fiscal year.

Insider Transactions at nCino

In other news, VP Jeanette Sellers sold 2,153 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $30.33, for a total transaction of $65,300.49. Following the completion of the transaction, the vice president now directly owns 27,360 shares in the company, valued at approximately $829,828.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, VP Jeanette Sellers sold 2,153 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $30.33, for a total transaction of $65,300.49. Following the transaction, the vice president now owns 27,360 shares of the company’s stock, valued at approximately $829,828.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Insight Holdings Group, Llc sold 1,031,659 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $35.20, for a total value of $36,314,396.80. Following the transaction, the director now directly owns 545,039 shares in the company, valued at approximately $19,185,372.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,114,061 shares of company stock worth $39,096,813. 28.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On nCino

Several hedge funds have recently bought and sold shares of NCNO. Benjamin F. Edwards & Company Inc. acquired a new position in nCino during the 1st quarter worth about $52,000. Covestor Ltd raised its position in nCino by 29.6% in the 1st quarter. Covestor Ltd now owns 2,736 shares of the company’s stock valued at $102,000 after purchasing an additional 625 shares in the last quarter. PNC Financial Services Group Inc. raised its position in nCino by 643.3% in the 3rd 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 in the last quarter. Lazard Asset Management LLC raised its position in nCino by 145.6% in the 1st quarter. Lazard Asset Management LLC now owns 4,516 shares of the company’s stock valued at $168,000 after purchasing an additional 2,677 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in nCino in the 4th quarter valued at about $171,000. Institutional investors and hedge funds own 94.76% of the company’s stock.

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 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.

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Analyst Recommendations for nCino (NASDAQ:NCNO)

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