nCino (NASDAQ:NCNO) Releases Q2 Earnings Guidance

nCino (NASDAQ:NCNOGet Free Report) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.12-0.13 for the period, compared to the consensus estimate of $0.14. The company issued revenue guidance of $130.5-131.5 million, compared to the consensus revenue estimate of $132.04 million. nCino also updated its FY25 guidance to $0.65-0.68 EPS.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Piper Sandler reiterated an overweight rating and issued a $42.00 target price on shares of nCino in a research report on Wednesday, March 27th. William Blair reiterated an outperform rating on shares of nCino in a report on Wednesday, March 27th. Robert W. Baird raised their price objective on nCino from $34.00 to $36.00 and gave the company a neutral rating in a report on Wednesday, March 27th. Keefe, Bruyette & Woods began coverage on nCino in a report on Tuesday, April 9th. They issued an outperform rating and a $41.00 target price for the company. Finally, Morgan Stanley lifted their price target on nCino from $27.00 to $30.00 and gave the company an equal weight rating in a research note on Wednesday, March 27th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, nCino presently has a consensus rating of Moderate Buy and a consensus price target of $35.91.

View Our Latest Stock Report on nCino

nCino Stock Down 1.2 %

NCNO stock traded down $0.36 during trading on Wednesday, reaching $30.15. The stock had a trading volume of 1,594,848 shares, compared to its average volume of 905,402. nCino has a one year low of $21.32 and a one year high of $37.48. The company’s 50 day moving average is $31.68 and its two-hundred day moving average is $31.32. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.05.

nCino (NASDAQ:NCNOGet Free Report) last issued its quarterly earnings results on Tuesday, March 26th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. The business had revenue of $123.69 million for the quarter, compared to analyst estimates of $124.58 million. nCino had a positive return on equity of 0.31% and a negative net margin of 8.89%. On average, analysts predict that nCino will post 0.05 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Insight Holdings Group, Llc sold 1,031,659 shares of the company’s stock in a transaction that occurred on 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 owns 545,039 shares in the company, valued at $19,185,372.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other nCino news, Director Insight Holdings Group, Llc sold 1,031,659 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $35.20, for a total transaction of $36,314,396.80. Following the sale, the director now directly owns 545,039 shares of the company’s stock, valued at $19,185,372.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,114,061 shares of company stock worth $39,096,813. Insiders own 28.40% 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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