nCino, Inc. (NASDAQ:NCNO – Get Free Report) was the target of some unusual options trading on Friday. Traders bought 5,251 call options on the company. This represents an increase of 588% compared to the typical volume of 763 call options.
nCino Trading Up 0.3 %
NCNO opened at $41.99 on Friday. The business’s 50 day moving average price is $36.66 and its 200 day moving average price is $33.27. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $4.85 billion, a PE ratio of -155.51, a P/E/G ratio of 34.73 and a beta of 0.55. nCino has a one year low of $27.47 and a one year high of $43.20.
nCino (NASDAQ:NCNO – Get Free Report) last released its quarterly earnings results on Tuesday, August 27th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The business had revenue of $132.40 million during the quarter, compared to analysts’ expectations of $131.06 million. nCino had a positive return on equity of 1.06% and a negative net margin of 5.78%. The company’s revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.02) EPS. As a group, equities research analysts expect that nCino will post 0.05 EPS for the current year.
Insider Activity
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. raised its stake in shares of nCino by 46.0% in the 3rd quarter. Franklin Resources Inc. now owns 1,092,862 shares of the company’s stock valued at $38,327,000 after acquiring an additional 344,269 shares during the period. Synovus Financial Corp purchased a new stake in nCino in the third quarter valued at approximately $656,000. Sanctuary Advisors LLC acquired a new position in nCino during the third quarter worth $189,000. Geode Capital Management LLC boosted its position in shares of nCino by 26.1% during the third quarter. Geode Capital Management LLC now owns 1,517,512 shares of the company’s stock worth $47,951,000 after buying an additional 313,637 shares during the period. Finally, Bullseye Asset Management LLC grew its stake in shares of nCino by 58.5% in the third quarter. Bullseye Asset Management LLC now owns 140,878 shares of the company’s stock valued at $4,451,000 after buying an additional 52,000 shares in the last quarter. Hedge funds and other institutional investors own 94.76% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms recently commented on NCNO. Raymond James raised nCino from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research note on Tuesday, September 3rd. Needham & Company LLC reduced their target price on shares of nCino from $42.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, August 28th. Stephens restated an “equal weight” rating and set a $35.00 price target on shares of nCino in a research report on Wednesday, August 28th. The Goldman Sachs Group raised shares of nCino from a “neutral” rating to a “buy” rating and upped their price objective for the company from $34.00 to $42.00 in a research note on Wednesday, August 14th. Finally, Truist Financial reissued a “buy” rating and issued a $44.00 target price (up from $37.00) on shares of nCino in a research note on Monday, October 21st. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, nCino presently has a consensus rating of “Moderate Buy” and an average target price of $39.25.
Get Our Latest Analysis on nCino
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 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.
Featured Articles
- Five stocks we like better than nCino
- How to Invest in Small Cap StocksĀ
- The Latest 13F Filings Are In: See Where Big Money Is Flowing
- What is Short Interest? How to Use It
- 3 Penny Stocks Ready to Break Out in 2025
- What is the Dow Jones Industrial Average (DJIA)?
- FMC, Mosaic, Nutrien: Top Agricultural Stocks With Big Potential
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.