JMP Securities Issues Positive Forecast for nCino (NASDAQ:NCNO) Stock Price

Key Points

• JMP Securities has raised its price target for nCino stock from $35.00 to $41.00, indicating a potential upside of 25.57% based on the stock's previous close.
• Multiple analysts, including Piper Sandler and Robert W. Baird, have issued revised target prices for nCino, with the stock receiving an overall average rating of "Moderate Buy."
• nCino reported a quarterly earnings per share (EPS) of $0.22, outperforming expectations, and indicated guidance for FY 2026 EPS between 0.770-0.800.

nCino (NASDAQ:NCNO - Get Free Report) had its price target raised by analysts at JMP Securities from $35.00 to $41.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "market outperform" rating on the stock. JMP Securities' price target points to a potential upside of 25.57% from the stock's previous close.

NCNO has been the topic of a number of other research reports. Piper Sandler boosted their target price on nCino from $28.00 to $34.00 and gave the stock a "neutral" rating in a research note on Wednesday. JPMorgan Chase & Co. started coverage on nCino in a research note on Wednesday, June 18th. They issued a "neutral" rating and a $30.00 target price on the stock. Robert W. Baird upgraded nCino from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $30.00 to $38.00 in a research note on Monday, July 14th. Truist Financial boosted their target price on nCino from $27.00 to $32.00 and gave the stock a "hold" rating in a research note on Wednesday. Finally, Keefe, Bruyette & Woods boosted their target price on nCino from $28.00 to $33.00 and gave the stock an "outperform" rating in a research note on Thursday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $32.94.

nCino Price Performance

NCNO stock opened at $32.65 on Wednesday. The company has a market capitalization of $3.79 billion, a P/E ratio of -124.62, a price-to-earnings-growth ratio of 28.26 and a beta of 0.77. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.05 and a current ratio of 1.05. nCino has a 52-week low of $18.75 and a 52-week high of $43.20. The business has a 50-day simple moving average of $28.39 and a two-hundred day simple moving average of $27.43.

nCino (NASDAQ:NCNO - Get Free Report) last released its quarterly earnings results on Tuesday, August 26th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.08. The business had revenue of $148.82 million during the quarter, compared to the consensus estimate of $143.17 million. nCino had a positive return on equity of 0.19% and a negative net margin of 5.27%.The company's quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 EPS. nCino has set its FY 2026 guidance at 0.770-0.800 EPS. Q3 2026 guidance at 0.200-0.21 EPS. Research analysts expect that nCino will post 0.12 EPS for the current fiscal year.

Insider Transactions at nCino

In related news, insider April Rieger sold 3,028 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $27.45, for a total value of $83,118.60. Following the transaction, the insider owned 240,523 shares in the company, valued at approximately $6,602,356.35. This represents a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sean Desmond sold 9,550 shares of the company's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $27.45, for a total value of $262,147.50. Following the completion of the transaction, the chief executive officer owned 628,603 shares in the company, valued at approximately $17,255,152.35. The trade was a 1.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,603 shares of company stock worth $593,002 in the last ninety days. Company insiders own 5.70% of the company's stock.

Hedge Funds Weigh In On nCino

Several institutional investors have recently bought and sold shares of NCNO. Dimensional Fund Advisors LP lifted its stake in nCino by 6.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,606,549 shares of the company's stock valued at $53,948,000 after purchasing an additional 99,502 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in nCino by 549.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 11,013 shares of the company's stock valued at $370,000 after acquiring an additional 9,316 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in nCino by 10.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 93,588 shares of the company's stock valued at $3,144,000 after acquiring an additional 8,917 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in nCino during the 4th quarter valued at $2,551,000. Finally, The Manufacturers Life Insurance Company raised its holdings in nCino by 3.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 24,656 shares of the company's stock valued at $828,000 after acquiring an additional 772 shares during the period. Hedge funds and other institutional investors own 94.76% 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.

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