Keefe, Bruyette & Woods Begins Coverage on nCino (NASDAQ:NCNO)

Keefe, Bruyette & Woods initiated coverage on shares of nCino (NASDAQ:NCNO - Free Report) in a research report report published on Tuesday, MarketBeat.com reports. The brokerage issued an outperform rating and a $41.00 price objective on the stock.

Several other equities analysts have also recently weighed in on the stock. Robert W. Baird raised their target price on shares of nCino from $34.00 to $36.00 and gave the company a neutral rating in a research note on Wednesday, March 27th. Needham & Company LLC raised their target price on shares of nCino from $40.00 to $42.00 and gave the company a buy rating in a research note on Wednesday, March 27th. Piper Sandler reaffirmed an overweight rating and set a $42.00 price objective on shares of nCino in a research report on Wednesday, March 27th. William Blair reaffirmed an outperform rating on shares of nCino in a research report on Wednesday, March 27th. Finally, Morgan Stanley lifted their price objective on shares of nCino from $27.00 to $30.00 and gave the stock an equal weight rating in a research report on Wednesday, March 27th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $35.91.

nCino Stock Up 1.3 %

Shares of NASDAQ:NCNO traded up $0.45 during midday trading on Tuesday, hitting $35.13. The stock had a trading volume of 1,983,012 shares, compared to its average volume of 902,677. nCino has a 12 month low of $21.26 and a 12 month 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 business's 50-day simple moving average is $31.19 and its 200-day simple moving average is $30.89. The company has a market cap of $4.01 billion, a P/E ratio of -91.79, a PEG ratio of 28.37 and a beta of 0.48.

Insider Activity

In other news, Director Steven A. Collins sold 3,700 shares of the business's stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $35.56, for a total value of $131,572.00. Following the completion of the sale, the director now owns 67,216 shares of the company's stock, valued at $2,390,200.96. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Steven A. Collins sold 3,700 shares of the business's stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $35.56, for a total value of $131,572.00. Following the completion of the transaction, the director now owns 67,216 shares of the company's stock, valued at $2,390,200.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William J. Ruh sold 5,000 shares of the business's stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $34.51, for a total value of $172,550.00. Following the completion of the transaction, the director now directly owns 251,201 shares of the company's stock, valued at approximately $8,668,946.51. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,093,056 shares of company stock valued at $38,418,272. 38.20% of the stock is 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. State of Wyoming raised its stake in nCino by 56.8% during the fourth quarter. State of Wyoming now owns 1,350 shares of the company's stock worth $36,000 after acquiring an additional 489 shares in the last quarter. UBS Group AG raised its stake in nCino by 218.7% during the third quarter. UBS Group AG now owns 1,807 shares of the company's stock worth $62,000 after acquiring an additional 1,240 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in nCino by 643.3% during the third quarter. PNC Financial Services Group Inc. now owns 3,538 shares of the company's stock worth $113,000 after acquiring an additional 3,062 shares in the last quarter. Advisory Services Network LLC raised its stake in nCino by 41.7% during the first quarter. Advisory Services Network LLC now owns 5,545 shares of the company's stock worth $137,000 after acquiring an additional 1,633 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in shares of nCino by 47.9% during the first 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 last quarter. Institutional investors and hedge funds 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, a secure cloud-based solution, which empowers bank employees and leaders with true insight into the bank through an end-to-end platform that spans business lines and combines customer relationship management, customer onboarding, account opening, loan origination, deposit accounts, workflow, credit analysis, enterprise content management, and instant reporting capabilities.