nCino (NASDAQ:NCNO) Given Outperform Rating at William Blair

nCino (NASDAQ:NCNOGet Free Report)‘s stock had its “outperform” rating reiterated by investment analysts at William Blair in a note issued to investors on Thursday, RTT News reports.

A number of other research firms also recently commented on NCNO. Stephens reaffirmed an “equal weight” rating and issued a $35.00 price target on shares of nCino in a research note on Thursday. Robert W. Baird reduced their price target on shares of nCino from $37.00 to $36.00 and set a “neutral” rating on the stock in a research report on Thursday. Needham & Company LLC restated a “buy” rating and set a $42.00 price objective on shares of nCino in a research report on Thursday. Morgan Stanley upped their target price on nCino from $27.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 27th. Finally, Piper Sandler lowered their price target on nCino from $42.00 to $38.00 and set an “overweight” rating for the company in a report on Thursday. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, nCino presently has an average rating of “Moderate Buy” and an average target price of $35.64.

Get Our Latest Research Report on NCNO

nCino Stock Performance

nCino stock traded down $0.04 during trading hours on Thursday, hitting $30.11. The company had a trading volume of 2,673,680 shares, compared to its average volume of 922,932. nCino has a one year low of $21.32 and a one year high of $37.48. The firm has a market cap of $3.44 billion, a PE ratio of -79.24, a PEG ratio of 25.30 and a beta of 0.57. The firm has a 50-day moving average of $31.67 and a 200 day moving average of $31.31. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.17 and a quick ratio of 1.17.

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

Insider Transactions at nCino

In other nCino news, Director Insight Holdings Group, Llc sold 1,031,659 shares of the company’s stock in a transaction on 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 owns 545,039 shares of the company’s stock, valued at $19,185,372.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Insight Holdings Group, Llc sold 1,031,659 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the director now owns 545,039 shares of the company’s stock, valued at approximately $19,185,372.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Pamela Kilday sold 1,000 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $36.48, for a total transaction of $36,480.00. Following the transaction, the director now directly owns 20,930 shares in the company, valued at $763,526.40. The disclosure for this sale can be found here. Insiders sold a total of 1,114,061 shares of company stock worth $39,096,813 over the last three months. 28.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On nCino

Hedge funds and other institutional investors have recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. bought a new position in nCino in the 1st quarter valued at about $52,000. Covestor Ltd lifted its position in shares of nCino by 29.6% during the 1st quarter. Covestor Ltd now owns 2,736 shares of the company’s stock worth $102,000 after buying an additional 625 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of nCino by 643.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,538 shares of the company’s stock worth $113,000 after buying an additional 3,062 shares during the last quarter. Lazard Asset Management LLC boosted its position in nCino by 145.6% in the first quarter. Lazard Asset Management LLC now owns 4,516 shares of the company’s stock worth $168,000 after purchasing an additional 2,677 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of nCino during the 4th quarter valued at $171,000. Institutional investors 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.

Read More

Analyst Recommendations for nCino (NASDAQ:NCNO)

Receive News & Ratings for nCino Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for nCino and related companies with MarketBeat.com's FREE daily email newsletter.