nCino (NASDAQ:NCNO) Earns Sell (D-) Rating from Weiss Ratings

Key Points

• nCino's stock received a "sell (D-)" rating from Weiss Ratings, reaffirming negative sentiment from analysts.
• Despite the sell rating, other firms like Needham & Company LLC and Robert W. Baird have upgraded their price targets for nCino, with some giving it a "buy" or "outperform" rating.
• Insider trading shows significant selling activity, with over 4.4 million shares sold collectively by insiders in recent months, potentially impacting investor confidence.

nCino (NASDAQ:NCNO - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by investment analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other research firms have also weighed in on NCNO. Needham & Company LLC upped their price objective on nCino from $33.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, August 27th. JPMorgan Chase & Co. initiated coverage on nCino in a research note on Wednesday, June 18th. They issued a "neutral" rating and a $30.00 price objective for the company. Robert W. Baird upped their price objective on nCino from $38.00 to $40.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 27th. JMP Securities upped their price objective on nCino from $35.00 to $41.00 and gave the stock a "market outperform" rating in a research note on Wednesday, August 27th. Finally, Bank of America upped their price objective on nCino from $34.00 to $38.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 27th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $33.94.

nCino Stock Performance

Shares of NCNO opened at $26.10 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The business has a 50-day simple moving average of $28.68 and a two-hundred day simple moving average of $27.13. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of -90.00, a PEG ratio of 16.12 and a beta of 0.64. nCino has a 52 week low of $18.75 and a 52 week high of $43.20.

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

Insiders Place Their Bets

In other news, Director Jeff Horing sold 3,889,254 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $30.00, for a total value of $116,677,620.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Gregory Orenstein sold 4,155 shares of the firm'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 $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 disclosure for this sale can be found here. Over the last three months, insiders sold 4,480,723 shares of company stock worth $135,667,553. 5.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On nCino

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

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 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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