Weiss Ratings Reaffirms Sell (D-) Rating for nCino (NASDAQ:NCNO)

nCino (NASDAQ:NCNO - Get Free Report)'s stock had its "sell (d-)" rating restated by research analysts at Weiss Ratings in a report released on Saturday,Weiss Ratings reports.

Other analysts have also recently issued research reports about the company. Piper Sandler increased their price objective on nCino from $28.00 to $34.00 and gave the stock a "neutral" rating in a report on Wednesday, August 27th. Barclays increased their price objective on nCino from $31.00 to $37.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. Baird R W raised nCino from a "hold" rating to a "strong-buy" rating in a report on Monday, July 14th. William Blair raised nCino from a "market perform" rating to an "outperform" rating in a report on Friday, October 10th. Finally, Robert W. Baird increased their price objective on nCino from $38.00 to $40.00 and gave the stock an "outperform" rating in a report on Wednesday, August 27th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, nCino has a consensus rating of "Moderate Buy" and a consensus price target of $33.94.

nCino Stock Up 0.5%

NCNO stock opened at $26.07 on Friday. 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 company has a market capitalization of $3.02 billion, a price-to-earnings ratio of -89.90, a PEG ratio of 16.42 and a beta of 0.64. nCino has a fifty-two week low of $18.75 and a fifty-two week high of $43.20. The stock has a fifty day moving average of $28.16 and a 200-day moving average of $27.08.

nCino (NASDAQ:NCNO - Get Free Report) last posted its quarterly earnings results on Tuesday, August 26th. The company reported $0.22 earnings per share for the quarter, topping 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 positive return on equity of 1.18% and a negative net margin of 5.86%.The firm's quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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. As a group, equities research analysts predict that nCino will post 0.12 earnings per share for the current year.

Insider Activity

In other news, insider April Rieger sold 3,028 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $27.45, for a total transaction of $83,118.60. Following the transaction, the insider directly owned 240,523 shares in the company, valued at approximately $6,602,356.35. This represents a 1.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sean Desmond sold 9,550 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was 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 in the company, valued at approximately $17,255,152.35. The trade was a 1.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 4,480,723 shares of company stock worth $135,667,553. 5.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On nCino

Institutional investors and hedge funds have recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. grew its position in nCino by 7.2% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 520,000 shares of the company's stock worth $14,544,000 after acquiring an additional 35,000 shares during the last quarter. Select Equity Group L.P. grew its position in nCino by 395.3% during the 1st quarter. Select Equity Group L.P. now owns 265,211 shares of the company's stock worth $7,285,000 after acquiring an additional 211,665 shares during the last quarter. Clearline Capital LP bought a new position in nCino during the 1st quarter worth approximately $494,000. Conestoga Capital Advisors LLC grew its position in nCino by 24.0% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 2,669,920 shares of the company's stock worth $74,678,000 after acquiring an additional 516,635 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in nCino during the 2nd quarter worth approximately $204,000. 94.76% of the stock is currently owned by institutional investors.

nCino Company Profile

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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