nCino (NASDAQ:NCNO) Price Target Raised to $36.00

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 - Free Report) had its target price lifted by Raymond James Financial from $35.00 to $36.00 in a report issued on Wednesday, MarketBeat.com reports. The brokerage currently has an outperform rating on the stock.

Several other equities research analysts also recently issued reports on the stock. JMP Securities boosted their price objective on shares of nCino from $32.00 to $35.00 and gave the stock a "market outperform" rating in a research note on Monday, June 9th. Truist Financial boosted their price objective on shares of nCino from $21.00 to $27.00 and gave the stock a "hold" rating in a research note on Thursday, May 29th. Barclays boosted their price objective 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. Needham & Company LLC boosted their price objective on shares of nCino from $33.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, August 27th. Finally, Robert W. Baird upgraded shares of nCino from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $30.00 to $38.00 in a research note on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $33.94.

nCino Trading Up 0.0%

NCNO traded up $0.01 during trading on Wednesday, hitting $32.11. 2,275,046 shares of the company's stock were exchanged, compared to its average volume of 1,923,674. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.24. nCino has a 1 year low of $18.75 and a 1 year high of $43.20. The stock has a 50 day moving average price of $28.72 and a 200 day moving average price of $27.36. The firm has a market cap of $3.72 billion, a P/E ratio of -110.72, a price-to-earnings-growth ratio of 25.71 and a beta of 0.71.

nCino (NASDAQ:NCNO - Get Free Report) last released its quarterly earnings data 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 company had revenue of $148.82 million during the quarter, compared to the consensus estimate of $143.17 million. During the same period in the previous year, the firm earned $0.14 earnings per share. nCino's revenue for the quarter was up 12.4% on a year-over-year basis. nCino has set its FY 2026 guidance at 0.770-0.800 EPS. Q3 2026 guidance at 0.200-0.21 EPS. As a group, analysts expect that nCino will post 0.12 EPS for the current fiscal year.

Insider Activity

In other news, CFO Gregory Orenstein sold 4,155 shares of the company'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 transaction, the chief financial officer directly owned 466,099 shares in the company, valued at approximately $12,794,417.55. This represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Pierre Naude sold 4,659 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $27.45, for a total transaction of $127,889.55. Following the completion of the sale, the director directly owned 1,192,461 shares in the company, valued at $32,733,054.45. This represents a 0.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,603 shares of company stock valued at $593,002 over the last ninety days. 5.70% of the stock is owned by company insiders.

Institutional Trading of nCino

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in nCino by 7.7% in the first quarter. Vanguard Group Inc. now owns 11,666,955 shares of the company's stock valued at $320,491,000 after acquiring an additional 836,182 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in nCino by 50.2% in the first quarter. T. Rowe Price Investment Management Inc. now owns 4,867,463 shares of the company's stock valued at $133,710,000 after acquiring an additional 1,626,446 shares in the last quarter. Long Path Partners LP raised its holdings in nCino by 61.1% in the second quarter. Long Path Partners LP now owns 4,787,869 shares of the company's stock valued at $133,917,000 after acquiring an additional 1,815,868 shares in the last quarter. Soma Equity Partners LP raised its holdings in nCino by 5.7% in the fourth quarter. Soma Equity Partners LP now owns 2,917,681 shares of the company's stock valued at $97,976,000 after acquiring an additional 156,238 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in nCino by 140.5% in the fourth quarter. Ameriprise Financial Inc. now owns 2,900,467 shares of the company's stock valued at $97,398,000 after acquiring an additional 1,694,218 shares in the last quarter. 94.76% of the stock is owned by institutional investors and hedge funds.

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.