nCino Inc. (NASDAQ:NCNO) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Moderate Buy consensus from 20 analysts with an average 1-year target of $26.07, though multiple brokers (Goldman, Morgan Stanley, Stephens, Citizens JMP) have recently trimmed price targets despite maintaining buy/overweight views.
• nCino beat the quarter with EPS $0.37 vs. $0.21 expected and revenue $149.7M vs. $147.4M (revenue +5.9% YoY), but the stock trades at a high PE (~362) and opened near $18 within a 52-week range of $13.80–$33.92.
• Insider selling has occurred recently (CEO and SVP sales; ~121,681 shares worth ~$2.16M in the last 90 days) even as institutional ownership remains very high (~94.8%).

Shares of nCino Inc. (NASDAQ:NCNO - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the twenty analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $26.0667.

NCNO has been the subject of a number of analyst reports. Barclays lifted their price objective on nCino from $21.00 to $22.00 and gave the company an "overweight" rating in a report on Wednesday, April 1st. Stephens cut their price objective on nCino from $34.00 to $26.00 and set an "overweight" rating for the company in a report on Wednesday, April 1st. The Goldman Sachs Group cut their price objective on nCino from $28.00 to $24.00 and set a "neutral" rating for the company in a report on Wednesday, April 1st. Morgan Stanley cut their price objective on nCino from $36.00 to $21.00 and set an "overweight" rating for the company in a report on Monday, March 30th. Finally, Citizens Jmp cut their price objective on nCino from $41.00 to $32.00 and set a "market outperform" rating for the company in a report on Wednesday, April 1st.

nCino Stock Up 3.5%

Shares of NASDAQ NCNO opened at $18.08 on Thursday. The stock has a market cap of $2.07 billion, a PE ratio of 361.60, a PEG ratio of 2.63 and a beta of 0.61. The business has a fifty day moving average of $16.27 and a two-hundred day moving average of $21.92. nCino has a 52-week low of $13.80 and a 52-week high of $33.92. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.00 and a current ratio of 1.00.

nCino (NASDAQ:NCNO - Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.16. The company had revenue of $149.67 million during the quarter, compared to analysts' expectations of $147.41 million. nCino had a return on equity of 4.75% and a net margin of 0.87%.The business's revenue was up 5.9% on a year-over-year basis. During the same period last year, the business earned $0.12 earnings per share. As a group, equities research analysts expect that nCino will post 0.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Jeanette Sellers sold 2,182 shares of the firm's stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $18.26, for a total value of $39,843.32. Following the completion of the sale, the senior vice president directly owned 43,219 shares in the company, valued at approximately $789,178.94. This trade represents a 4.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Sean Desmond sold 15,440 shares of the firm's stock in a transaction on Monday, April 6th. The shares were sold at an average price of $17.06, for a total value of $263,406.40. Following the completion of the sale, the chief executive officer owned 589,428 shares of the company's stock, valued at approximately $10,055,641.68. This trade represents a 2.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 121,681 shares of company stock valued at $2,162,598 in the last 90 days. 5.70% of the stock is owned by corporate insiders.

Institutional Trading of nCino

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in nCino by 186.4% in the third quarter. Farther Finance Advisors LLC now owns 948 shares of the company's stock worth $26,000 after purchasing an additional 617 shares during the period. CWM LLC increased its position in nCino by 255.8% in the fourth quarter. CWM LLC now owns 1,142 shares of the company's stock worth $29,000 after purchasing an additional 821 shares during the period. AlphaQuest LLC grew its position in shares of nCino by 5,022.2% during the 3rd quarter. AlphaQuest LLC now owns 1,383 shares of the company's stock worth $37,000 after buying an additional 1,356 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of nCino during the 4th quarter worth about $38,000. Finally, Quarry LP grew its position in shares of nCino by 138.2% during the 3rd quarter. Quarry LP now owns 1,701 shares of the company's stock worth $46,000 after buying an additional 987 shares during the period. 94.76% of the stock is currently owned by institutional investors and hedge funds.

nCino Company Profile

nCino, Inc provides a cloud-based banking operating system designed to modernize and streamline processes for financial institutions. Built on a software-as-a-service (SaaS) model, the nCino Bank Operating System integrates key banking functions into a unified platform, enabling banks and credit unions to enhance efficiency, reduce risk and improve customer experiences.

Founded in 2012 as a spinoff from Live Oak Bank, nCino launched its flagship offering to address the needs of commercial and retail lenders seeking to replace legacy systems.

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