nCino (NASDAQ:NCNO) Releases FY25 Earnings Guidance

nCino (NASDAQ:NCNO) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.66-$0.69 for the period, compared to the consensus earnings per share estimate of $0.67. The company issued revenue guidance of $538.5-$544.5 million, compared to the consensus revenue estimate of $541.76 million. nCino also updated its FY 2025 guidance to 0.660-0.690 EPS.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NCNO. Needham & Company LLC reduced their price target on nCino from $42.00 to $40.00 and set a buy rating on the stock in a research report on Wednesday. Truist Financial reiterated a buy rating and issued a $37.00 price target on shares of nCino in a research note on Wednesday. JMP Securities reissued a market outperform rating and issued a $43.00 price objective on shares of nCino in a research report on Wednesday. Robert W. Baird lowered their target price on shares of nCino from $37.00 to $36.00 and set a neutral rating for the company in a research note on Thursday, May 30th. Finally, The Goldman Sachs Group upgraded nCino from a neutral rating to a buy rating and raised their price target for the company from $34.00 to $42.00 in a research note on Wednesday, August 14th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $37.15.

nCino Stock Up 1.5 %

Shares of NASDAQ NCNO opened at $30.20 on Friday. The business has a 50-day moving average price of $32.28 and a 200 day moving average price of $31.43. The stock has a market cap of $3.47 billion, a PE ratio of -97.40, a price-to-earnings-growth ratio of 17.54 and a beta of 0.59. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.10. nCino has a 52-week low of $27.13 and a 52-week high of $37.48.

nCino (NASDAQ:NCNO) last posted its quarterly earnings data on Tuesday, August 27th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.01. The business had revenue of $132.40 million during the quarter, compared to the consensus estimate of $131.06 million. nCino had a positive return on equity of 1.13% and a negative net margin of 6.94%. The company’s revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.02) earnings per share. Equities research analysts forecast that nCino will post 0.08 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Pierre Naude sold 14,101 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $30.15, for a total transaction of $425,145.15. Following the transaction, the chief executive officer now owns 1,114,239 shares of the company’s stock, valued at $33,594,305.85. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CFO Gregory Orenstein sold 7,943 shares of nCino stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $30.15, for a total value of $239,481.45. Following the sale, the chief financial officer now owns 276,892 shares of the company’s stock, valued at $8,348,293.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Pierre Naude sold 14,101 shares of the stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $30.15, for a total value of $425,145.15. Following the transaction, the chief executive officer now directly owns 1,114,239 shares of the company’s stock, valued at $33,594,305.85. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,642,425 shares of company stock valued at $212,241,592. Insiders own 28.40% 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 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.