nCino Inc. (NASDAQ:NCNO) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• nCino Inc. has a consensus rating of "Moderate Buy" from analysts, with an average one-year price target of $33.94.
• The company reported earnings per share (EPS) of $0.22, exceeding estimates, and revenue of $148.82 million, which was higher than expected.
• Institutional investors own 94.76% of nCino's stock, indicating strong support from large financial entities.

nCino Inc. (NASDAQ:NCNO - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the twenty research firms that are currently covering the company, MarketBeat.com reports. Eleven analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $33.9375.

NCNO has been the subject of a number of research analyst reports. Needham & Company LLC lifted their price objective on shares of nCino from $33.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, August 27th. JPMorgan Chase & Co. started coverage on shares of nCino in a report on Wednesday, June 18th. They set a "neutral" rating and a $30.00 price objective for the company. Keefe, Bruyette & Woods lifted their target price on shares of nCino from $28.00 to $33.00 and gave the stock an "outperform" rating in a research report on Thursday, May 29th. Raymond James Financial boosted their price target on shares of nCino from $35.00 to $36.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 27th. Finally, Barclays boosted their price target on shares of nCino from $31.00 to $37.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th.

Insiders Place Their Bets

In other nCino news, CFO Gregory Orenstein sold 4,155 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $27.45, for a total value of $114,054.75. Following the completion of the sale, the chief financial officer directly owned 466,099 shares of the company's stock, valued at $12,794,417.55. The trade was a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider April Rieger sold 3,028 shares of the company's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $27.45, for a total transaction of $83,118.60. Following the transaction, the insider directly owned 240,523 shares of the company's stock, valued at approximately $6,602,356.35. This trade represents a 1.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 564,772 shares of company stock valued at $18,159,324 over the last three months. 5.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On nCino

Several hedge funds and other institutional investors have recently modified their holdings of NCNO. Advisors Asset Management Inc. raised its stake in shares of nCino by 68.5% during the second quarter. Advisors Asset Management Inc. now owns 1,127 shares of the company's stock valued at $32,000 after acquiring an additional 458 shares during the last quarter. Hilltop National Bank purchased a new position in shares of nCino during the second quarter valued at about $42,000. Covestor Ltd increased its position in shares of nCino by 27.6% during the first quarter. Covestor Ltd now owns 2,388 shares of the company's stock valued at $66,000 after buying an additional 517 shares during the period. First Horizon Advisors Inc. increased its position in shares of nCino by 22.5% during the first quarter. First Horizon Advisors Inc. now owns 2,924 shares of the company's stock valued at $80,000 after buying an additional 538 shares during the period. Finally, FNY Investment Advisers LLC purchased a new position in shares of nCino during the first quarter valued at about $82,000. 94.76% of the stock is owned by institutional investors.

nCino Stock Performance

NASDAQ NCNO opened at $31.08 on Wednesday. nCino has a 1 year low of $18.75 and a 1 year high of $43.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 1.05. The stock has a market capitalization of $3.60 billion, a PE ratio of -107.17, a P/E/G ratio of 25.71 and a beta of 0.71. The company's 50 day simple moving average is $28.92 and its two-hundred day simple moving average is $27.37.

nCino (NASDAQ:NCNO - Get Free Report) last posted its earnings results on Tuesday, August 26th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.08. nCino had a negative net margin of 5.86% and a positive return on equity of 1.18%. The business had revenue of $148.82 million for the quarter, compared to analysts' expectations of $143.17 million. During the same period in the prior year, the company posted $0.14 EPS. The business's revenue for the quarter was up 12.4% compared to the same quarter last year. nCino has set its FY 2026 guidance at 0.770-0.800 EPS. Q3 2026 guidance at 0.200-0.21 EPS. Analysts predict that nCino will post 0.12 earnings per share 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.

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