nCino Inc. (NASDAQ:NCNO - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $25.50, but opened at $26.53. nCino shares last traded at $25.71, with a volume of 150,154 shares.
Analyst Ratings Changes
A number of research analysts have recently weighed in on NCNO shares. Morgan Stanley raised their target price on nCino from $33.00 to $35.00 and gave the company an "equal weight" rating in a report on Wednesday, August 27th. Baird R W upgraded nCino from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 14th. Robert W. Baird lifted their price target on nCino from $38.00 to $40.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 27th. Needham & Company LLC boosted their target price on nCino from $33.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, August 27th. Finally, JPMorgan Chase & Co. initiated coverage on nCino in a report on Wednesday, June 18th. They set a "neutral" rating and a $30.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $33.94.
Check Out Our Latest Research Report on NCNO
nCino Price Performance
The firm has a fifty day moving average price of $28.63 and a two-hundred day moving average price of $27.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $2.95 billion, a P/E ratio of -88.17, a PEG ratio of 16.44 and a beta of 0.64.
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. As a group, analysts expect that nCino Inc. will post 0.12 EPS for the current fiscal year.
Insider Buying and Selling at nCino
In other nCino news, Director Pierre Naude sold 4,659 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $27.45, for a total transaction of $127,889.55. Following the sale, the director directly owned 1,192,461 shares of the company's stock, valued at $32,733,054.45. This trade represents a 0.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sean Desmond sold 9,550 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $27.45, for a total value 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. The trade was a 1.50% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,480,723 shares of company stock valued at $135,667,553. 5.70% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC grew its position in nCino by 29.9% in the second quarter. Neuberger Berman Group LLC now owns 94,653 shares of the company's stock worth $2,647,000 after acquiring an additional 21,780 shares in the last quarter. Ranger Investment Management L.P. boosted its position in shares of nCino by 24.1% during the second quarter. Ranger Investment Management L.P. now owns 781,245 shares of the company's stock valued at $21,851,000 after buying an additional 151,945 shares during the period. State of Wyoming boosted its position in shares of nCino by 458.8% during the second quarter. State of Wyoming now owns 51,018 shares of the company's stock valued at $1,427,000 after buying an additional 41,888 shares during the period. Ashford Capital Management Inc. purchased a new position in shares of nCino during the second quarter valued at approximately $10,325,000. Finally, Captrust Financial Advisors boosted its position in shares of nCino by 10.5% during the second quarter. Captrust Financial Advisors now owns 62,004 shares of the company's stock valued at $1,734,000 after buying an additional 5,906 shares during the period. Hedge funds and other institutional investors own 94.76% of the company's stock.
About nCino
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider nCino, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and nCino wasn't on the list.
While nCino currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.