nCino Inc. (NASDAQ:NCNO) Given Consensus Rating of “Moderate Buy” by Brokerages

nCino Inc. (NASDAQ:NCNO) has earned a consensus rating of “Moderate Buy” from the twenty-two analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, nine have given a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $33.4667.

A number of equities analysts recently issued reports on NCNO shares. Truist Financial lowered their price objective on shares of nCino from $32.00 to $27.00 and set a “hold” rating for the company in a research report on Thursday, December 4th. Citigroup reiterated an “outperform” rating on shares of nCino in a research note on Wednesday, August 27th. BTIG Research initiated coverage on nCino in a research report on Tuesday. They set a “neutral” rating on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $38.00 target price on shares of nCino in a research report on Thursday, December 4th. Finally, Raymond James Financial raised nCino from an “outperform” rating to a “strong-buy” rating and set a $36.00 price target on the stock in a research note on Monday, October 20th.

Insider Buying and Selling at nCino

In related news, CEO Sean Desmond sold 10,006 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $25.81, for a total value of $258,254.86. Following the sale, the chief executive officer owned 618,597 shares of the company’s stock, valued at $15,965,988.57. The trade was a 1.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Pierre Naude sold 4,881 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 1,187,580 shares of the company’s stock, valued at approximately $30,651,439.80. This represents a 0.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 31,942 shares of company stock valued at $811,960. Insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On nCino

A number of institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its stake in shares of nCino by 186.4% in the third quarter. Farther Finance Advisors LLC now owns 948 shares of the company’s stock worth $26,000 after acquiring an additional 617 shares during the period. Advisors Asset Management Inc. lifted its position in shares of 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. AlphaQuest LLC boosted its stake in shares of nCino by 5,022.2% in 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 bought a new stake in shares of nCino in the 2nd quarter valued at $42,000. Finally, Quarry LP increased its position in shares of nCino by 138.2% during the third quarter. Quarry LP now owns 1,701 shares of the company’s stock worth $46,000 after buying an additional 987 shares during the period. Institutional investors own 94.76% of the company’s stock.

nCino Trading Up 0.4%

Shares of NCNO opened at $24.63 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.01 and a current ratio of 1.01. nCino has a 52-week low of $18.75 and a 52-week high of $36.26. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of -136.83, a PEG ratio of 7.01 and a beta of 0.53. The business’s fifty day moving average is $25.23 and its 200-day moving average is $27.39.

nCino (NASDAQ:NCNO) last released its quarterly earnings data on Wednesday, December 3rd. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.11. The business had revenue of $152.16 million for the quarter, compared to analyst estimates of $147.31 million. nCino had a positive return on equity of 2.28% and a negative net margin of 3.71%.nCino’s revenue was up 9.6% compared to the same quarter last year. During the same period last year, the firm posted $0.21 earnings per share. nCino has set its FY 2026 guidance at 0.900-0.910 EPS and its Q4 2026 guidance at 0.210-0.220 EPS. Equities analysts anticipate that nCino will post 0.12 EPS for the current fiscal year.

nCino announced that its board has approved a stock repurchase program on Monday, December 8th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 3.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

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.