nCino, Inc. (NASDAQ:NCNO) Given Average Recommendation of “Moderate Buy” by Analysts

nCino, Inc. (NASDAQ:NCNO) has received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $35.64.

NCNO has been the topic of a number of recent research reports. Keefe, Bruyette & Woods initiated 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. Robert W. Baird dropped their price objective on shares of nCino from $37.00 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday, May 30th. Piper Sandler restated an “overweight” rating and issued a $38.00 price objective on shares of nCino in a research note on Monday. Stephens restated an “equal weight” rating and issued a $35.00 price objective on shares of nCino in a research note on Thursday, May 30th. Finally, William Blair restated an “outperform” rating on shares of nCino in a research note on Wednesday, June 26th.

nCino Price Performance

Shares of NASDAQ:NCNO opened at $31.26 on Friday. The company’s fifty day moving average price is $30.90 and its 200 day moving average price is $31.55. nCino has a 12 month low of $27.13 and a 12 month high of $37.48. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $3.60 billion, a P/E ratio of -100.84, a P/E/G ratio of 17.18 and a beta of 0.59.

nCino (NASDAQ:NCNO) last announced its quarterly earnings results on Wednesday, May 29th. The company reported $0.05 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 predict that nCino will post 0.08 earnings per share for the current fiscal year.

Insider Transactions at nCino

In related news, insider Sean Desmond sold 2,362 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $34.41, for a total transaction of $81,276.42. Following the sale, the insider now owns 366,407 shares of the company’s stock, valued at $12,608,064.87. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other nCino news, Director William J. Ruh sold 5,000 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $34.51, for a total value of $172,550.00. Following the sale, the director now owns 251,201 shares of the company’s stock, valued at $8,668,946.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sean Desmond sold 2,362 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $34.41, for a total transaction of $81,276.42. Following the completion of the sale, the insider now directly owns 366,407 shares in the company, valued at approximately $12,608,064.87. The disclosure for this sale can be found here. Insiders have sold a total of 2,419,488 shares of company stock worth $76,254,732 over the last ninety days. 28.40% of the stock is currently owned by company insiders.

Institutional Trading of nCino

Several institutional investors and hedge funds have recently modified their holdings of NCNO. Capital International Investors purchased a new stake in shares of nCino in the first quarter valued at about $60,703,000. Norges Bank purchased a new stake in shares of nCino in the fourth quarter valued at about $25,336,000. Clearbridge Investments LLC raised its position in shares of nCino by 96.1% in the fourth quarter. Clearbridge Investments LLC now owns 1,072,724 shares of the company’s stock valued at $36,076,000 after buying an additional 525,605 shares during the last quarter. Norden Group LLC raised its position in shares of nCino by 2,388.5% in the first quarter. Norden Group LLC now owns 454,665 shares of the company’s stock valued at $16,995,000 after buying an additional 436,394 shares during the last quarter. Finally, Bamco Inc. NY raised its position in shares of nCino by 83.7% in the first quarter. Bamco Inc. NY now owns 925,000 shares of the company’s stock valued at $34,576,000 after buying an additional 421,500 shares during the last quarter. Hedge funds and other institutional investors own 94.76% of the company’s stock.

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.