nCino (NCNO) Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for nCino in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" NCNO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NCNO, but not buy additional shares or sell existing shares.
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13 analysts have issued 1-year price targets for nCino's shares. Their NCNO share price forecasts range from $24.00 to $42.00. On average, they predict the company's share price to reach $33.50 in the next twelve months. This suggests a possible upside of 6.0% from the stock's current price.
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nCino's stock was trading at $26.44 at the start of the year. Since then, NCNO stock has increased by 19.5% and is now trading at $31.60.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 29th 2023.
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nCino, Inc. (NASDAQ:NCNO) announced its quarterly earnings data on Tuesday, August, 29th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02. The company earned $117.24 million during the quarter, compared to analyst estimates of $115 million. nCino had a negative net margin of 16.15% and a negative trailing twelve-month return on equity of 2.54%. nCino's revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.15) earnings per share.

ETFs with the largest weight of nCino (NASDAQ:NCNO) stock in their portfolio include WisdomTree Cloud Computing Fund (WCLD), Alger Weatherbie Enduring Growth ETF (AWEG), Global X FinTech Thematic ETF (FINX), SPDR FactSet Innovative Technology ETF (XITK), SPDR S&P Software & Services ETF (XSW), Wedbush ETFMG Global Cloud Technology ETF (IVES) and Direxion Daily Cloud Computing Bull 2x (CLDL).Direxion Daily S&P Expanded Tech Software Sector Bull 2X Shares (SWAR).

nCino updated its third quarter 2024 earnings guidance on Tuesday, August, 29th. The company provided EPS guidance of $0.10-$0.12 for the period, compared to the consensus estimate of $0.11. The company issued revenue guidance of $120.00 million-$121.00 million, compared to the consensus revenue estimate of $121.44 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other nCino investors own include NVIDIA (NVDA), CrowdStrike (CRWD), Fastly (FSLY), Twilio (TWLO), DocuSign (DOCU), PayPal (PYPL), Teladoc Health (TDOC), Zoom Video Communications (ZM), Advanced Micro Devices (AMD) and ServiceNow (NOW).

(NCNO) raised $217 million in an IPO on Tuesday, July 14th 2020. The company issued 7,600,000 shares at a price of $28.00-$29.00 per share. BofA Securities, Barclays Capital, KeyBanc Capital Markets and SunTrust Robinson Humphrey acted as the underwriters for the IPO and Piper Sandler, Raymond James and Macquarie Capital (USA) were co-managers.

nCino trades on the NASDAQ under the ticker symbol "NCNO."

nCino's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (7.09%), Brown Capital Management LLC (3.61%), BlackRock Inc. (2.91%), JPMorgan Chase & Co. (1.79%), Meritage Group LP (1.54%) and Wasatch Advisors LP (1.50%). Insiders that own company stock include April Rieger, David Rudow, Gregory Orenstein, Insight Holdings Group, Llc, Jeanette Sellers, Jeff Horing, Jeffrey W Lunsford, Jeffrey W Lunsford, Joshua L Glover, Joshua L Glover, Matthew Royce Hansen, Pamela Kilday, Pierre Naude, SalesforceCom, Inc, Sean Desmond, Spencer Lake, Trisha Price and William J Ruh.
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Shares of NCNO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NCNO stock can currently be purchased for approximately $31.60.

nCino (NASDAQ:NCNO) has a market capitalization of $3.57 billion and generates $408.32 million in revenue each year. The company earns $-102,720,000.00 in net income (profit) each year or ($0.64) on an earnings per share basis.

The company employs 1,791 workers across the globe.

nCino's mailing address is 6770 PARKER FARM DRIVE SUITE 200, WILMINGTON NC, 28405. The official website for the company is www.ncino.com. The company can be reached via phone at 888-676-2466 or via email at jhorne@marketstreetpartners.com.