Needham & Company LLC Forecasts Strong Price Appreciation for nCino (NASDAQ:NCNO) Stock

Key Points

• Needham & Company LLC has increased its price target for nCino (NASDAQ: NCNO) from $33.00 to $38.00, indicating a potential upside of 32.45% from its current price.
• Analysts' consensus rating for nCino is currently a Moderate Buy with an average price target of $32.19, reflecting a positive outlook among several equity research firms.
• nCino recently reported an EPS of $0.22 for the last quarter, surpassing analyst expectations and showing a 12.4% year-over-year revenue increase.

nCino (NASDAQ:NCNO - Get Free Report) had its price objective upped by equities researchers at Needham & Company LLC from $33.00 to $38.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the stock. Needham & Company LLC's target price points to a potential upside of 32.45% from the stock's current price.

A number of other equities analysts have also recently issued reports on NCNO. Piper Sandler reissued a "neutral" rating and issued a $28.00 target price (up previously from $25.00) on shares of nCino in a report on Thursday, May 29th. Truist Financial raised their target price on shares of nCino from $21.00 to $27.00 and gave the stock a "hold" rating in a report on Thursday, May 29th. JPMorgan Chase & Co. began coverage on shares of nCino in a report on Wednesday, June 18th. They issued a "neutral" rating and a $30.00 target price on the stock. Baird R W upgraded shares of nCino from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 14th. Finally, Barclays set a $37.00 price objective on shares of nCino and gave the company an "overweight" rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat, nCino presently has an average rating of "Moderate Buy" and a consensus price target of $32.19.

nCino Stock Performance

Shares of NCNO stock opened at $28.69 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.05 and a current ratio of 1.05. nCino has a one year low of $18.75 and a one year high of $43.20. The company's 50-day simple moving average is $28.39 and its 200-day simple moving average is $27.43. The stock 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 issued its quarterly earnings results on Tuesday, August 26th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.14 by $0.08. nCino had a negative net margin of 5.27% and a positive return on equity of 0.19%. The business had revenue of $148.82 million for the quarter, compared to analysts' expectations of $143.17 million. During the same quarter last year, the company posted $0.14 earnings per share. The company's quarterly revenue 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 analysts anticipate that nCino will post 0.12 earnings per share for the current fiscal year.

Insider Activity at nCino

In other nCino news, insider April Rieger sold 3,028 shares of the business'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 $83,118.60. Following the transaction, the insider directly owned 240,523 shares in the company, valued at $6,602,356.35. The trade was a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Gregory Orenstein sold 4,155 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $27.45, for a total transaction of $114,054.75. Following the completion of the transaction, the chief financial officer owned 466,099 shares in the company, valued at approximately $12,794,417.55. This trade represents a 0.88% 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 worth $593,002. 5.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On nCino

Large investors have recently modified their holdings of the stock. Northern Trust Corp lifted its position in shares of nCino by 14.1% during the fourth quarter. Northern Trust Corp now owns 612,902 shares of the company's stock worth $20,581,000 after purchasing an additional 75,592 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of nCino during the first quarter worth approximately $343,000. Victory Capital Management Inc. lifted its position in shares of nCino by 241.1% during the first quarter. Victory Capital Management Inc. now owns 41,349 shares of the company's stock worth $1,136,000 after purchasing an additional 29,225 shares in the last quarter. Peregrine Capital Management LLC lifted its position in shares of nCino by 3.3% during the first quarter. Peregrine Capital Management LLC now owns 289,168 shares of the company's stock worth $7,943,000 after purchasing an additional 9,283 shares in the last quarter. Finally, Xponance Inc. lifted its holdings in nCino by 7.9% in the first quarter. Xponance Inc. now owns 8,954 shares of the company's stock valued at $246,000 after buying an additional 656 shares during the period. 94.76% of the stock is currently 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.

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.