Analysts Set nCino, Inc. (NASDAQ:NCNO) Target Price at $35.91

nCino, Inc. (NASDAQ:NCNO) has been given a consensus rating of “Moderate Buy” by the twelve ratings firms that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $35.91.

NCNO has been the subject of a number of research reports. Piper Sandler reissued an “overweight” rating and set a $42.00 target price on shares of nCino in a research note on Wednesday, March 27th. Morgan Stanley raised their price target on shares of nCino from $27.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 27th. Needham & Company LLC raised their price target on shares of nCino from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, March 27th. Keefe, Bruyette & Woods began coverage on shares of nCino in a research note on Tuesday, April 9th. They set an “outperform” rating and a $41.00 price target for the company. Finally, William Blair reaffirmed an “outperform” rating on shares of nCino in a research note on Wednesday, March 27th.

Insider Activity at nCino

In other nCino news, Director Pamela Kilday sold 1,000 shares of the firm’s 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 completion of the sale, the director now owns 20,930 shares of the company’s stock, valued at approximately $763,526.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other nCino news, Director Pamela Kilday sold 1,000 shares of the firm’s 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 completion of the sale, the director now owns 20,930 shares of the company’s stock, valued at approximately $763,526.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jeanette Sellers sold 894 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were 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 of the company’s stock, valued at approximately $647,608.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,105,300 shares of company stock valued at $38,835,333. 38.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On nCino

A number of hedge funds and other institutional investors have recently modified their holdings of the company. First Bank & Trust lifted its holdings in shares of nCino by 4.1% during the fourth quarter. First Bank & Trust now owns 9,970 shares of the company’s stock worth $335,000 after buying an additional 395 shares in the last quarter. Parkwood LLC lifted its holdings in shares of nCino by 6.7% during the fourth quarter. Parkwood LLC now owns 10,400 shares of the company’s stock worth $350,000 after buying an additional 655 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of nCino by 9.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 13,047 shares of the company’s stock worth $439,000 after buying an additional 1,087 shares in the last quarter. KLR Investment Advisors LLC lifted its holdings in shares of nCino by 8.5% during the first quarter. KLR Investment Advisors LLC now owns 14,056 shares of the company’s stock worth $525,000 after buying an additional 1,100 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in shares of nCino by 1.3% during the third quarter. Swiss National Bank now owns 111,000 shares of the company’s stock worth $3,530,000 after buying an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

nCino Stock Performance

Shares of NASDAQ:NCNO opened at $30.16 on Friday. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of -79.37, a P/E/G ratio of 24.39 and a beta of 0.48. The firm’s 50 day simple moving average is $31.17 and its 200 day simple moving average is $30.95. 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 has a fifty-two week low of $21.26 and a fifty-two week high of $37.48.

nCino (NASDAQ:NCNO) last posted 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. nCino had a positive return on equity of 0.31% and a negative net margin of 8.89%. The business had revenue of $123.69 million during the quarter, compared to analysts’ expectations of $124.58 million. As a group, sell-side analysts forecast that nCino will post 0.05 earnings per share for the current year.

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.