Needham & Company LLC Reiterates Buy Rating for nCino (NASDAQ:NCNO)

nCino (NASDAQ:NCNO)‘s stock had its “buy” rating reiterated by Needham & Company LLC in a report released on Thursday,Benzinga reports. They currently have a $38.00 price target on the stock. Needham & Company LLC’s target price would suggest a potential upside of 48.76% from the stock’s previous close.

Several other analysts also recently issued reports on the company. William Blair raised nCino from a “market perform” rating to an “outperform” rating in a research note on Friday, October 10th. Zacks Research raised shares of nCino from a “hold” rating to a “strong-buy” rating in a report on Monday, October 27th. Piper Sandler reduced their price objective on shares of nCino from $34.00 to $30.00 and set a “neutral” rating on the stock in a research report on Thursday. Weiss Ratings reissued a “sell (d-)” rating on shares of nCino in a report on Wednesday, October 8th. Finally, Stephens raised shares of nCino from a “hold” rating to an “overweight” rating in a research note on Monday, October 27th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $33.88.

nCino Price Performance

Shares of NCNO traded down $0.03 during trading hours on Thursday, reaching $25.55. 2,020,608 shares of the stock traded hands, compared to its average volume of 1,837,907. The company has a market cap of $2.96 billion, a P/E ratio of -88.27, a price-to-earnings-growth ratio of 15.41 and a beta of 0.53. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.24. The company’s 50-day moving average price is $25.58 and its two-hundred day moving average price is $27.47. nCino has a 52-week low of $18.75 and a 52-week high of $40.29.

nCino (NASDAQ:NCNO) last issued its quarterly earnings results on Wednesday, December 3rd. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.11. nCino had a positive return on equity of 1.18% and a negative net margin of 5.86%.The business had revenue of $152.16 million during the quarter, compared to analyst estimates of $147.31 million. During the same quarter in the prior year, the business posted $0.21 EPS. nCino’s revenue for the quarter was up 9.6% compared to the same quarter last year. nCino has set its FY 2026 guidance at 0.900-0.910 EPS and its Q4 2026 guidance at 0.210-0.220 EPS. On average, analysts anticipate that nCino will post 0.12 earnings per share for the current year.

Insider Activity at nCino

In other news, Director Pierre Naude sold 4,881 shares of nCino stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $25.81, for a total value of $125,978.61. Following the completion of the transaction, the director owned 1,187,580 shares in the company, valued at approximately $30,651,439.80. The trade was a 0.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gregory Orenstein sold 4,353 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $25.81, for a total value of $112,350.93. Following the sale, the chief financial officer owned 461,746 shares in the company, valued at $11,917,664.26. The trade was a 0.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,940,562 shares of company stock valued at $118,143,440 over the last ninety days. 5.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC increased its position in nCino by 186.4% during the third quarter. Farther Finance Advisors LLC now owns 948 shares of the company’s stock valued at $26,000 after acquiring an additional 617 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of nCino by 68.5% during 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. AlphaQuest LLC grew its holdings in nCino by 5,022.2% during the 3rd quarter. AlphaQuest LLC now owns 1,383 shares of the company’s stock valued at $37,000 after purchasing an additional 1,356 shares during the last quarter. Hilltop National Bank purchased a new stake in nCino in the 2nd quarter worth about $42,000. Finally, Quarry LP raised its position in nCino by 138.2% in the 3rd quarter. Quarry LP now owns 1,701 shares of the company’s stock worth $46,000 after purchasing an additional 987 shares during the period. 94.76% of the stock is owned by hedge funds and other 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.