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

nCino, Inc. (NASDAQ:NCNO) has earned a consensus rating of “Moderate Buy” from the twelve research firms that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $35.91.

NCNO has been the topic of a number of research reports. William Blair restated an “outperform” rating on shares of nCino in a report on Wednesday, March 27th. Robert W. Baird boosted their target price on shares of nCino from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Wednesday, March 27th. Piper Sandler restated an “overweight” rating and issued a $42.00 target price on shares of nCino in a report on Wednesday, March 27th. Needham & Company LLC upped their price target on shares of nCino from $40.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Finally, Keefe, Bruyette & Woods assumed coverage on shares of nCino in a report on Tuesday, April 9th. They set an “outperform” rating and a $41.00 price target on the stock.

Insiders Place Their Bets

In other nCino news, insider April Rieger sold 1,460 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $30.66, for a total value of $44,763.60. Following the transaction, the insider now directly owns 149,078 shares in the company, valued at approximately $4,570,731.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other nCino news, insider April Rieger sold 1,460 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $30.66, for a total value of $44,763.60. Following the transaction, the insider now directly owns 149,078 shares in the company, valued at approximately $4,570,731.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Pamela Kilday sold 1,000 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 20,930 shares in the company, valued at $763,526.40. The disclosure for this sale can be found here. Insiders have sold 1,105,300 shares of company stock worth $38,835,333 in the last three months. Corporate insiders own 38.20% of the company’s stock.

Institutional Investors Weigh In On nCino

Hedge funds have recently modified their holdings of the business. State of Wyoming lifted its position in shares of nCino by 56.8% in the 4th quarter. State of Wyoming now owns 1,350 shares of the company’s stock worth $36,000 after purchasing an additional 489 shares during the period. UBS Group AG lifted its position in shares of nCino by 218.7% in the 3rd quarter. UBS Group AG now owns 1,807 shares of the company’s stock worth $62,000 after purchasing an additional 1,240 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of nCino by 643.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,538 shares of the company’s stock worth $113,000 after purchasing an additional 3,062 shares during the period. Advisory Services Network LLC lifted its position in shares of nCino by 41.7% in the 1st quarter. Advisory Services Network LLC now owns 5,545 shares of the company’s stock worth $137,000 after purchasing an additional 1,633 shares during the period. Finally, Advisors Asset Management Inc. lifted its position in shares of nCino by 47.9% in the 1st quarter. Advisors Asset Management Inc. now owns 3,429 shares of the company’s stock worth $141,000 after purchasing an additional 1,111 shares during the period. Hedge funds and other institutional investors own 94.76% of the company’s stock.

nCino Stock Down 1.1 %

Shares of NCNO stock opened at $29.41 on Friday. The stock has a market cap of $3.36 billion, a P/E ratio of -77.39, a PEG ratio of 24.67 and a beta of 0.49. nCino has a 52 week low of $21.26 and a 52 week high of $37.48. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.05. The company’s fifty day simple moving average is $31.23 and its two-hundred day simple moving average is $30.95.

nCino (NASDAQ:NCNO) last posted its earnings results on Tuesday, March 26th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. nCino had a negative net margin of 8.89% and a positive return on equity of 0.31%. The firm had revenue of $123.69 million for the quarter, compared to the consensus estimate of $124.58 million. Analysts predict that nCino will post 0.05 EPS for the current fiscal 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.