nCino (NASDAQ:NCNO) Issues FY25 Earnings Guidance

nCino (NASDAQ:NCNO) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share guidance of $0.75-0.76 for the period, compared to the consensus earnings per share estimate of $0.67. The company issued revenue guidance of $539.0-541.0 million, compared to the consensus revenue estimate of $541.63 million. nCino also updated its Q4 guidance to $0.18-0.19 EPS.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NCNO. William Blair reiterated an “outperform” rating on shares of nCino in a research report on Wednesday, August 28th. Needham & Company LLC decreased their price target on nCino from $42.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, August 28th. Scotiabank raised their price target on nCino from $36.00 to $46.00 and gave the stock a “sector outperform” rating in a research note on Wednesday. The Goldman Sachs Group raised nCino from a “neutral” rating to a “buy” rating and raised their price target for the stock from $34.00 to $42.00 in a research note on Wednesday, August 14th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $38.00 price objective on shares of nCino in a research note on Wednesday, August 28th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, nCino has a consensus rating of “Moderate Buy” and an average target price of $41.23.

nCino Stock Performance

Shares of NCNO stock traded up $1.00 during mid-day trading on Wednesday, reaching $42.50. The stock had a trading volume of 1,986,575 shares, compared to its average volume of 1,064,590. nCino has a one year low of $28.09 and a one year high of $43.20. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.09. The firm’s 50 day simple moving average is $37.34 and its 200 day simple moving average is $33.51. The firm has a market cap of $4.91 billion, a PE ratio of -157.29, a P/E/G ratio of 34.46 and a beta of 0.59.

Insider Activity at nCino

In other nCino news, insider Sean Desmond sold 30,000 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $34.77, for a total value of $1,043,100.00. Following the transaction, the insider now directly owns 341,511 shares in the company, valued at approximately $11,874,337.47. This trade represents a 8.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William J. Ruh sold 10,000 shares of the stock in a transaction on Monday, October 21st. The shares were sold at an average price of $37.50, for a total value of $375,000.00. Following the completion of the transaction, the director now owns 226,201 shares in the company, valued at $8,482,537.50. The trade was a 4.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,235,029 shares of company stock valued at $117,599,204 in the last three months. Corporate insiders own 28.40% of the company’s stock.

nCino Company Profile

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.