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

Shares of nCino Inc. (NASDAQ:NCNO) have received an average rating of “Moderate Buy” from the nineteen brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, eleven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $25.2143.

A number of research analysts have weighed in on NCNO shares. Barclays raised their price objective on nCino from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, April 1st. Robert W. Baird cut their target price on nCino from $34.00 to $24.00 and set an “outperform” rating for the company in a research note on Tuesday, March 31st. Wall Street Zen raised nCino from a “hold” rating to a “buy” rating in a research note on Saturday, April 4th. Weiss Ratings raised nCino from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, May 28th. Finally, Keefe, Bruyette & Woods cut their target price on nCino from $36.00 to $24.00 and set an “outperform” rating for the company in a research note on Wednesday, April 1st.

Insiders Place Their Bets

In other nCino news, CEO Sean Desmond sold 8,064 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $16.26, for a total value of $131,120.64. Following the completion of the sale, the chief executive officer directly owned 1,262,492 shares of the company’s stock, valued at $20,528,119.92. This trade represents a 0.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider April Rieger sold 9,693 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $18.02, for a total value of $174,667.86. Following the completion of the sale, the insider directly owned 383,601 shares of the company’s stock, valued at $6,912,490.02. This trade represents a 2.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 172,982 shares of company stock worth $3,032,059. 1.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On nCino

A number of hedge funds have recently modified their holdings of NCNO. CWM LLC lifted its position in nCino by 255.8% in the fourth quarter. CWM LLC now owns 1,142 shares of the company’s stock valued at $29,000 after buying an additional 821 shares during the last quarter. AlphaQuest LLC increased its holdings in 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. Los Angeles Capital Management LLC acquired a new stake in nCino in the 4th quarter valued at approximately $38,000. Farther Finance Advisors LLC increased its holdings in nCino by 76.2% in the 4th quarter. Farther Finance Advisors LLC now owns 1,670 shares of the company’s stock valued at $43,000 after purchasing an additional 722 shares during the last quarter. Finally, Quarry LP increased its holdings in nCino by 138.2% in the 3rd quarter. Quarry LP now owns 1,701 shares of the company’s stock valued at $46,000 after purchasing an additional 987 shares during the last quarter. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

nCino Trading Down 4.3%

Shares of NCNO stock opened at $14.74 on Friday. The stock’s fifty day moving average is $16.67 and its two-hundred day moving average is $19.37. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market capitalization of $1.61 billion, a P/E ratio of 122.83 and a beta of 0.69. nCino has a fifty-two week low of $13.80 and a fifty-two week high of $33.92.

nCino (NASDAQ:NCNO) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.16. The company had revenue of $149.67 million for the quarter, compared to analyst estimates of $147.41 million. nCino had a return on equity of 6.85% and a net margin of 2.17%.The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 EPS. Research analysts expect that nCino will post 0.68 earnings per share for the current fiscal year.

About nCino

nCino, Inc provides a cloud-based banking operating system designed to modernize and streamline processes for financial institutions. Built on a software-as-a-service (SaaS) model, the nCino Bank Operating System integrates key banking functions into a unified platform, enabling banks and credit unions to enhance efficiency, reduce risk and improve customer experiences.

Founded in 2012 as a spinoff from Live Oak Bank, nCino launched its flagship offering to address the needs of commercial and retail lenders seeking to replace legacy systems.