nCino (NASDAQ:NCNO) Price Target Raised to $36.00 at Raymond James Financial

Key Points

• Raymond James Financial has raised nCino's price target from $35.00 to $36.00, indicating a potential upside of 25.48% from its current stock price and maintaining an "outperform" rating.
• nCino reported better-than-expected quarterly earnings with $0.22 EPS, exceeding the consensus estimate of $0.14, and a revenue of $148.82 million, which was above analysts' expectations.
• The stock has a 12-month price range of $18.75 to $43.20 and currently has an average analyst rating of "Moderate Buy" with a consensus price target of $32.25.

nCino (NASDAQ:NCNO - Get Free Report) had its target price lifted by investment analysts at Raymond James Financial from $35.00 to $36.00 in a report released on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Raymond James Financial's price target points to a potential upside of 25.48% from the stock's current price.

A number of other equities research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of nCino in a research report on Wednesday, June 18th. They issued a "neutral" rating and a $30.00 target price for the company. Piper Sandler lifted their price objective on shares of nCino from $28.00 to $34.00 and gave the stock a "neutral" rating in a research note on Wednesday. UBS Group set a $28.00 target price on shares of nCino in a research report on Thursday, May 29th. Stephens raised their target price on shares of nCino from $24.00 to $28.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 21st. Finally, Keefe, Bruyette & Woods increased their price target on nCino from $28.00 to $33.00 and gave the stock an "outperform" rating in a research report on Thursday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $32.25.

nCino Price Performance

nCino stock opened at $28.69 on Wednesday. nCino has a 12 month low of $18.75 and a 12 month high of $43.20. The stock's 50 day moving average is $28.39 and its 200-day moving average is $27.43. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of -110.35, a PEG ratio of 28.26 and a beta of 0.77.

nCino (NASDAQ:NCNO - Get Free Report) last released its quarterly earnings results on Tuesday, August 26th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.08. nCino had a positive return on equity of 0.19% and a negative net margin of 5.27%.The business had revenue of $148.82 million during the quarter, compared to analysts' expectations of $143.17 million. During the same period last year, the firm posted $0.14 EPS. The firm'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. Equities research analysts expect that nCino will post 0.12 EPS for the current year.

Insider Activity at nCino

In related news, CFO Gregory Orenstein sold 4,155 shares of nCino stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $27.45, for a total transaction of $114,054.75. Following the sale, the chief financial officer directly owned 466,099 shares of the company's stock, valued at approximately $12,794,417.55. The trade was a 0.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sean Desmond sold 9,550 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 transaction of $262,147.50. Following the transaction, the chief executive officer owned 628,603 shares of the company's stock, valued at approximately $17,255,152.35. This represents a 1.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,603 shares of company stock valued at $593,002. 5.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Advisors Asset Management Inc. grew its position in nCino by 68.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,127 shares of the company's stock worth $32,000 after acquiring an additional 458 shares during the last quarter. Hilltop National Bank acquired a new stake in shares of nCino during the second quarter valued at about $42,000. Covestor Ltd grew its holdings in shares of nCino by 27.6% during the first quarter. Covestor Ltd now owns 2,388 shares of the company's stock worth $66,000 after purchasing an additional 517 shares during the last quarter. First Horizon Advisors Inc. grew its holdings 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 worth $80,000 after purchasing an additional 538 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of nCino in the first quarter valued at approximately $82,000. 94.76% of the stock is currently owned by 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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