nCino Inc. (NASDAQ:NCNO) Given Average Recommendation of “Moderate Buy” by Brokerages

nCino Inc. (NASDAQ:NCNO) has earned a consensus recommendation of “Moderate Buy” from the nineteen brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, eleven have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $25.2143.

NCNO has been the subject of several research analyst reports. Zacks Research upgraded nCino from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. The Goldman Sachs Group dropped their price target on nCino from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Barclays lifted their price target on nCino from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, April 1st. Truist Financial dropped their price target on nCino from $27.00 to $19.00 and set a “hold” rating for the company in a report on Wednesday, April 1st. Finally, Robert W. Baird dropped their price target on nCino from $34.00 to $24.00 and set an “outperform” rating for the company in a report on Tuesday, March 31st.

nCino Stock Performance

Shares of NASDAQ NCNO opened at $15.52 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.31. nCino has a 12 month low of $13.80 and a 12 month high of $33.92. The stock has a 50 day moving average of $16.65 and a 200-day moving average of $19.50. The company has a market capitalization of $1.70 billion, a P/E ratio of 129.33 and a beta of 0.69.

nCino (NASDAQ:NCNO) last issued its earnings results on Tuesday, March 31st. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.21 by $0.16. nCino had a return on equity of 6.85% and a net margin of 2.17%.The company had revenue of $149.67 million during the quarter, compared to the consensus estimate of $147.41 million. During the same period in the previous year, the company posted $0.12 EPS. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, equities research analysts predict that nCino will post 0.68 EPS for the current year.

Insider Buying and Selling at nCino

In related news, insider April Rieger sold 9,693 shares of nCino stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $18.02, for a total transaction of $174,667.86. Following the completion of the sale, the insider directly owned 383,601 shares of the company’s stock, valued at approximately $6,912,490.02. This trade represents a 2.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Gregory Orenstein sold 14,650 shares of nCino stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $18.02, for a total value of $263,993.00. Following the sale, the chief financial officer directly owned 702,293 shares of the company’s stock, valued at approximately $12,655,319.86. The trade was a 2.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 172,982 shares of company stock worth $3,032,059 in the last 90 days. Company insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On nCino

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NCNO. CWM LLC raised its holdings in nCino by 255.8% in the 4th quarter. CWM LLC now owns 1,142 shares of the company’s stock valued at $29,000 after acquiring an additional 821 shares in the last quarter. Optiver Holding B.V. acquired a new position in nCino in the 1st quarter valued at $32,000. AlphaQuest LLC raised its holdings in nCino by 5,022.2% in the 3rd quarter. AlphaQuest LLC now owns 1,383 shares of the company’s stock valued at $37,000 after acquiring an additional 1,356 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in nCino in the 4th quarter valued at $38,000. Finally, Farther Finance Advisors LLC raised its holdings in nCino by 76.2% in the 4th quarter. Farther Finance Advisors LLC now owns 1,670 shares of the company’s stock valued at $43,000 after acquiring an additional 722 shares in the last quarter. 94.76% of the stock is owned by institutional investors and hedge funds.

nCino Company Profile

nCino, Inc provides a cloud-based banking operating system designed to modernize and streamline processes for financial institutions. Built on a software-as-a-service (SaaS) model, the nCino Bank Operating System integrates key banking functions into a unified platform, enabling banks and credit unions to enhance efficiency, reduce risk and improve customer experiences.

Founded in 2012 as a spinoff from Live Oak Bank, nCino launched its flagship offering to address the needs of commercial and retail lenders seeking to replace legacy systems.