nCino (NASDAQ:NCNO) Price Target Raised to $36.00 at Robert W. Baird

nCino (NASDAQ:NCNO) had its price target upped by Robert W. Baird from $34.00 to $36.00 in a research note published on Wednesday, Benzinga reports. They currently have a neutral rating on the stock.

NCNO has been the subject of a number of other reports. Needham & Company LLC reiterated a buy rating and set a $40.00 price target on shares of nCino in a report on Thursday, November 30th. Truist Financial dropped their target price on shares of nCino from $40.00 to $37.00 and set a buy rating for the company in a report on Thursday, November 30th. Piper Sandler reissued an overweight rating and issued a $42.00 target price on shares of nCino in a research report on Tuesday, January 9th. Finally, Morgan Stanley upgraded nCino from an underweight rating to an equal weight rating and raised their price target for the stock from $24.00 to $27.00 in a research report on Friday, March 15th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $35.40.

nCino Price Performance

Shares of NCNO stock opened at $35.90 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market capitalization of $4.06 billion, a PE ratio of -61.90, a price-to-earnings-growth ratio of 11.16 and a beta of 0.44. The firm’s 50-day moving average is $30.69 and its two-hundred day moving average is $30.72. nCino has a 12 month low of $21.26 and a 12 month high of $36.65.

Insider Activity at nCino

In other nCino news, Director Steven A. Collins sold 3,700 shares of the company’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $35.56, for a total transaction of $131,572.00. Following the sale, the director now owns 67,216 shares in the company, valued at approximately $2,390,200.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other nCino news, VP Jeanette Sellers sold 894 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $31.18, for a total value of $27,874.92. Following the sale, the vice president now directly owns 20,770 shares in the company, valued at $647,608.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Steven A. Collins sold 3,700 shares of nCino stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $35.56, for a total value of $131,572.00. Following the sale, the director now directly owns 67,216 shares of the company’s stock, valued at $2,390,200.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,935 shares of company stock worth $1,069,845. Company insiders own 38.20% of the company’s stock.

Institutional Investors Weigh In On nCino

Hedge funds and other institutional investors have recently made changes to their positions in the business. Nomura Holdings Inc. acquired a new position in nCino in the fourth quarter valued at approximately $211,000. Bullseye Asset Management LLC boosted its holdings in shares of nCino by 35.3% in the 4th quarter. Bullseye Asset Management LLC now owns 57,878 shares of the company’s stock valued at $1,946,000 after buying an additional 15,100 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of nCino by 17.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 135,469 shares of the company’s stock valued at $4,556,000 after buying an additional 20,092 shares during the last quarter. Townsquare Capital LLC raised its stake in nCino by 1.1% during the 4th quarter. Townsquare Capital LLC now owns 191,879 shares of the company’s stock worth $6,453,000 after acquiring an additional 2,103 shares in the last quarter. Finally, Vista Equity Partners Management LLC lifted its position in nCino by 74.4% in the fourth quarter. Vista Equity Partners Management LLC now owns 468,803 shares of the company’s stock valued at $15,766,000 after acquiring an additional 199,926 shares during the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

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, a secure cloud-based solution, which empowers bank employees and leaders with true insight into the bank through an end-to-end platform that spans business lines and combines customer relationship management, customer onboarding, account opening, loan origination, deposit accounts, workflow, credit analysis, enterprise content management, and instant reporting capabilities.