nCino (NASDAQ:NCNO) Raised to Strong-Buy at Raymond James Financial

Key Points

• nCino has been upgraded to a Strong-Buy rating by Raymond James Financial, with a target price of $36.00, indicating a potential upside of 51.52%.
• Several analysts have recently raised their price targets for nCino, with Barclays setting a target of $37.00 and Needham & Company increasing theirs to $38.00.
• nCino reported a revenue of $148.82 million for the last quarter, exceeding analysts' expectations of $143.17 million, and set guidance for FY 2026 at 0.770-0.800 EPS.

nCino (NASDAQ:NCNO - Get Free Report) was upgraded by analysts at Raymond James Financial from an "outperform" rating to a "strong-buy" rating in a report issued on Monday, MarketBeat reports. The brokerage currently has a $36.00 target price on the stock. Raymond James Financial's price target would indicate a potential upside of 51.52% from the company's current price.

NCNO has been the topic of several other reports. Barclays raised their target price on shares of nCino from $31.00 to $37.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. William Blair raised shares of nCino from a "market perform" rating to an "outperform" rating in a research report on Friday, October 10th. Truist Financial boosted their target price on shares of nCino from $27.00 to $32.00 and gave the company a "hold" rating in a research note on Wednesday, August 27th. Needham & Company LLC upped their price target on shares of nCino from $33.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, August 27th. Finally, Bank of America upped their price target on shares of nCino from $34.00 to $38.00 and gave the company a "neutral" rating in a research note on Wednesday, August 27th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.94.

nCino Stock Down 1.2%

NASDAQ NCNO opened at $23.76 on Monday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.24. The stock's 50 day moving average is $28.32 and its two-hundred day moving average is $26.99. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of -81.93, a PEG ratio of 14.96 and a beta of 0.64. nCino has a 1-year low of $18.75 and a 1-year high of $43.20.

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

Insider Activity at nCino

In other news, Director Pierre Naude sold 4,659 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 value 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. The trade was a 0.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $116,677,620.00. The disclosure for this sale can be found here. Insiders sold a total of 4,480,723 shares of company stock worth $135,667,553 over the last 90 days. 5.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On nCino

Several hedge funds have recently modified their holdings of the stock. 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 last quarter. Advisors Asset Management Inc. boosted 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 purchasing an additional 458 shares during the period. Hilltop National Bank purchased a new stake in shares of nCino during the second quarter valued at $42,000. Covestor Ltd boosted its stake 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 purchasing an additional 517 shares during the period. Finally, First Horizon Advisors Inc. increased its holdings in 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. Hedge funds and other institutional investors own 94.76% of the company's stock.

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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