Analysts Set nCino, Inc. (NASDAQ:NCNO) PT at $35.64

nCino, Inc. (NASDAQ:NCNO) has been given a consensus recommendation of “Moderate Buy” by the eleven research firms that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $36.00.

Several brokerages have weighed in on NCNO. Needham & Company LLC reaffirmed a “buy” rating and issued a $42.00 price objective on shares of nCino in a report on Thursday, May 30th. Morgan Stanley upped their price objective on shares of nCino from $27.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 27th. Stephens reissued an “equal weight” rating and issued a $35.00 target price on shares of nCino in a report on Thursday, May 30th. Piper Sandler reaffirmed an “overweight” rating and set a $38.00 price target on shares of nCino in a report on Monday, July 1st. Finally, Keefe, Bruyette & Woods started coverage on shares of nCino in a research note on Tuesday, April 9th. They issued an “outperform” rating and a $41.00 price objective on the stock.

nCino Trading Up 3.8 %

Shares of nCino stock opened at $31.75 on Friday. nCino has a 52-week low of $27.13 and a 52-week high of $37.48. The stock has a market cap of $3.65 billion, a PE ratio of -102.42, a PEG ratio of 17.13 and a beta of 0.59. The firm has a 50-day moving average of $31.05 and a 200-day moving average of $31.52. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.07 and a current ratio of 1.07.

nCino (NASDAQ:NCNO) last announced its earnings results on Wednesday, May 29th. The company reported $0.05 earnings per share (EPS) for the quarter. nCino had a negative net margin of 6.94% and a positive return on equity of 1.13%. The firm had revenue of $128.09 million for the quarter, compared to analyst estimates of $126.59 million. As a group, sell-side analysts forecast that nCino will post 0.08 EPS for the current year.

Insider Buying and Selling

In other nCino news, VP Jeanette Sellers sold 1,143 shares of the stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $30.15, for a total value of $34,461.45. Following the completion of the transaction, the vice president now directly owns 26,217 shares in the company, valued at $790,442.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other nCino news, VP Jeanette Sellers sold 1,143 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $30.15, for a total transaction of $34,461.45. Following the sale, the vice president now directly owns 26,217 shares of the company’s stock, valued at approximately $790,442.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sean Desmond sold 5,009 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $30.63, for a total transaction of $153,425.67. Following the transaction, the insider now directly owns 381,974 shares of the company’s stock, valued at approximately $11,699,863.62. The disclosure for this sale can be found here. Insiders have sold 2,398,544 shares of company stock worth $75,533,549 in the last 90 days. Insiders own 28.40% of the company’s stock.

Institutional Investors Weigh In On nCino

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Simplicity Wealth LLC bought a new stake in nCino in the second quarter valued at approximately $3,530,000. First Bank & Trust increased its position in shares of nCino by 5.7% during the second quarter. First Bank & Trust now owns 10,188 shares of the company’s stock worth $320,000 after buying an additional 546 shares during the period. Untitled Investments LP raised its stake in nCino by 3.0% during the first quarter. Untitled Investments LP now owns 891,248 shares of the company’s stock worth $33,315,000 after buying an additional 26,260 shares during the last quarter. Washington Harbour Partners LP raised its stake in nCino by 17.1% during the first quarter. Washington Harbour Partners LP now owns 68,604 shares of the company’s stock worth $2,564,000 after buying an additional 10,000 shares during the last quarter. Finally, Motley Fool Asset Management LLC acquired a new position in nCino in the first quarter valued at $1,196,000. Institutional investors and hedge funds own 94.76% of the company’s stock.

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.