nCino (NASDAQ:NCNO) Price Target Raised to $36.00

by · The Cerbat Gem

nCino (NASDAQ:NCNO – Free Report) had its price objective raised by Keefe, Bruyette & Woods from $34.50 to $36.00 in a report published on Thursday,Benzinga reports. They currently have an outperform rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. William Blair upgraded shares of nCino from a “market perform” rating to an “outperform” rating in a research note on Friday, October 10th. Needham & Company LLC raised their price objective on nCino from $33.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, August 27th. UBS Group restated a “neutral” rating on shares of nCino in a research report on Wednesday, August 27th. Truist Financial raised their target price on nCino from $27.00 to $32.00 and gave the stock a “hold” rating in a research report on Wednesday, August 27th. Finally, Raymond James Financial raised shares of nCino from an “outperform” rating to a “strong-buy” rating and set a $36.00 price target on the stock in a report on Monday, October 20th. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, nCino currently has an average rating of “Moderate Buy” and an average price target of $32.93.

Check Out Our Latest Report on nCino

nCino Price Performance

NASDAQ NCNO opened at $23.39 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 0.24. The company has a fifty day simple moving average of $25.41 and a 200 day simple moving average of $27.45. The company has a market cap of $2.68 billion, a P/E ratio of -129.94, a P/E/G ratio of 14.73 and a beta of 0.53. nCino has a 1 year low of $18.75 and a 1 year high of $37.93.

nCino (NASDAQ:NCNO – Get Free Report) last announced its earnings results 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 firm had revenue of $152.16 million during the quarter, compared to the consensus estimate of $147.31 million. nCino had a positive return on equity of 2.28% and a negative net margin of 3.71%.The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.21 EPS. 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, sell-side analysts predict that nCino will post 0.12 EPS for the current year.

Insiders Place Their Bets

In related news, Director Jeff Horing sold 3,889,254 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $30.00, for a total transaction of $116,677,620.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sean Desmond sold 10,006 shares of the stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $25.81, for a total transaction of $258,254.86. Following the sale, the chief executive officer directly owned 618,597 shares in the company, valued at approximately $15,965,988.57. This represents a 1.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 3,913,865 shares of company stock worth $117,312,830 over the last ninety days. 5.70% of the stock is owned by insiders.

Institutional Trading of nCino

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NCNO. Farther Finance Advisors LLC boosted its stake in shares of nCino by 186.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 948 shares of the company’s stock valued at $26,000 after purchasing an additional 617 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in nCino by 68.5% during the second quarter. Advisors Asset Management Inc. now owns 1,127 shares of the company’s stock worth $32,000 after buying an additional 458 shares during the last quarter. AlphaQuest LLC grew its holdings in nCino by 5,022.2% during the third quarter. AlphaQuest LLC now owns 1,383 shares of the company’s stock worth $37,000 after purchasing an additional 1,356 shares during the period. Hilltop National Bank bought a new position in nCino during the second quarter worth $42,000. Finally, Quarry LP lifted its holdings 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 in the last quarter. 94.76% of the stock is currently owned by institutional investors and hedge funds.

nCino Company Profile

(Get Free Report)

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.

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