Truist Financial Boosts nCino (NASDAQ:NCNO) Price Target to $32.00

Key Points

• Truist Financial has raised its price target for nCino (NASDAQ: NCNO) from $27.00 to $32.00, indicating a potential upside of 11.54% from the stock's current price.
• Multiple analysts have issued positive ratings on nCino, with one upgrading the stock to a strong-buy and setting targets ranging from $24.00 to $38.00.
• nCino recently reported earnings of $0.22 per share, surpassing estimates, and is forecasting 0.770-0.800 EPS for FY 2026.

nCino (NASDAQ:NCNO - Get Free Report) had its price objective lifted by analysts at Truist Financial from $27.00 to $32.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a "hold" rating on the stock. Truist Financial's price target would suggest a potential upside of 11.54% from the stock's current price.

NCNO has been the subject of a number of other research reports. Baird R W raised shares of nCino from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 14th. Stephens lifted their target price on shares of nCino from $24.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 21st. Citigroup reissued an "outperform" rating on shares of nCino in a research report on Wednesday. JMP Securities boosted their price objective on shares of nCino from $32.00 to $35.00 and gave the company a "market outperform" rating in a research report on Monday, June 9th. Finally, Robert W. Baird raised shares of nCino from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $30.00 to $38.00 in a research report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $32.56.

nCino Price Performance

NCNO stock opened at $28.69 on Wednesday. The firm has a 50 day moving average price of $28.39 and a 200-day moving average price of $27.43. nCino has a 52-week low of $18.75 and a 52-week high of $43.20. The firm 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. 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 (NASDAQ:NCNO - Get Free Report) last announced its quarterly earnings results on Tuesday, August 26th. The company reported $0.22 earnings per share 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 the consensus estimate of $143.17 million. nCino had a negative net margin of 5.27% and a positive return on equity of 0.19%. The firm's quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the firm earned $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. Equities research analysts forecast that nCino will post 0.12 EPS for the current fiscal year.

Insider Activity at nCino

In related news, Director Pierre Naude sold 4,659 shares of the stock in a transaction dated 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 transaction, the director owned 1,192,461 shares of the company's stock, valued at approximately $32,733,054.45. This trade represents a 0.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sean Desmond sold 9,550 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $27.45, for a total transaction of $262,147.50. Following the completion of the transaction, the chief executive officer directly 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. Insiders have sold 21,603 shares of company stock worth $593,002 in the last quarter. 5.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. TD Asset Management Inc lifted its holdings in shares of nCino by 0.5% in the 2nd quarter. TD Asset Management Inc now owns 69,820 shares of the company's stock valued at $1,953,000 after acquiring an additional 340 shares during the last quarter. Wallace Advisory Group LLC raised its position in nCino by 5.2% in the 2nd quarter. Wallace Advisory Group LLC now owns 8,977 shares of the company's stock worth $247,000 after purchasing an additional 444 shares during the period. Advisors Asset Management Inc. raised its position in nCino by 68.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,127 shares of the company's stock worth $32,000 after purchasing an additional 458 shares during the period. Advisors Capital Management LLC raised its position in nCino by 0.7% in the 1st quarter. Advisors Capital Management LLC now owns 66,270 shares of the company's stock worth $1,820,000 after purchasing an additional 479 shares during the period. Finally, Covestor Ltd raised its position in nCino by 27.6% in the 1st quarter. Covestor Ltd now owns 2,388 shares of the company's stock worth $66,000 after purchasing an additional 517 shares during the period. 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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