nCino’s (NCNO) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of nCino (NASDAQ:NCNO) in a report released on Thursday morning,Benzinga reports. Needham & Company LLC currently has a $38.00 target price on the stock.

Several other equities research analysts also recently issued reports on NCNO. UBS Group reiterated a “neutral” rating on shares of nCino in a report on Wednesday, August 27th. Robert W. Baird upped their target price on shares of nCino from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 27th. Truist Financial increased their target price on shares of nCino from $27.00 to $32.00 and gave the company a “hold” rating in a report on Wednesday, August 27th. Bank of America boosted their price target on shares of nCino from $34.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, August 27th. Finally, William Blair raised shares of nCino from a “market perform” rating to an “outperform” rating in a research report on Friday, October 10th. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $32.93.

nCino Trading Down 3.9%

NASDAQ:NCNO opened at $23.39 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.01 and a quick ratio of 1.03. nCino has a one year low of $18.75 and a one year high of $37.93. The company has a market cap of $2.68 billion, a PE ratio of -129.94, a PEG ratio of 14.73 and a beta of 0.53. The firm has a 50-day moving average of $25.41 and a 200-day moving average of $27.45.

nCino (NASDAQ:NCNO) last released its quarterly earnings results on Wednesday, December 3rd. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.11. The business had revenue of $152.16 million during the quarter, compared to the consensus estimate of $147.31 million. nCino had a positive return on equity of 2.28% and a negative net margin of 3.71%.The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 EPS. nCino has set its FY 2026 guidance at 0.900-0.910 EPS and its Q4 2026 guidance at 0.210-0.220 EPS. As a group, equities research analysts expect that nCino will post 0.12 EPS for the current fiscal year.

Insider Transactions at nCino

In other nCino news, insider April Rieger sold 4,731 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $25.81, for a total value of $122,107.11. Following the sale, the insider owned 229,774 shares of the company’s stock, valued at $5,930,466.94. This trade represents a 2.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jeff Horing sold 3,889,254 shares of the business’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $30.00, for a total value of $116,677,620.00. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 3,913,865 shares of company stock valued at $117,312,830. 5.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NCNO. TD Asset Management Inc lifted its position in shares of nCino by 0.5% in the 2nd quarter. TD Asset Management Inc now owns 69,820 shares of the company’s stock worth $1,953,000 after purchasing an additional 340 shares during the period. Wallace Advisory Group LLC lifted its position in nCino by 5.2% during the 2nd quarter. Wallace Advisory Group LLC now owns 8,977 shares of the company’s stock valued at $247,000 after acquiring an additional 444 shares during the period. Advisors Asset Management Inc. boosted its stake in nCino by 68.5% during the second quarter. Advisors Asset Management Inc. now owns 1,127 shares of the company’s stock worth $32,000 after acquiring an additional 458 shares in the last quarter. Advisors Capital Management LLC grew its holdings in nCino by 0.7% in the first quarter. Advisors Capital Management LLC now owns 66,270 shares of the company’s stock worth $1,820,000 after purchasing an additional 479 shares during the period. Finally, US Bancorp DE grew its holdings in nCino by 1.6% in the third quarter. US Bancorp DE now owns 32,042 shares of the company’s stock worth $869,000 after purchasing an additional 501 shares during the period. Institutional investors own 94.76% 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.