Keefe, Bruyette & Woods Boosts nCino (NASDAQ:NCNO) Price Target to $49.00

nCino (NASDAQ:NCNO) had its price target increased by equities researchers at Keefe, Bruyette & Woods from $41.00 to $49.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 18.07% from the company’s previous close.

A number of other brokerages have also commented on NCNO. Needham & Company LLC decreased their price target on shares of nCino from $42.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, August 28th. William Blair reissued an “outperform” rating on shares of nCino in a research report on Wednesday, August 28th. JMP Securities reaffirmed a “market outperform” rating and issued a $43.00 price target on shares of nCino in a research report on Wednesday, August 28th. Macquarie reissued an “outperform” rating and set a $40.00 price objective on shares of nCino in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group upgraded nCino from a “neutral” rating to a “buy” rating and raised their target price for the company from $34.00 to $42.00 in a report on Wednesday, August 14th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, nCino currently has an average rating of “Moderate Buy” and an average price target of $40.83.

nCino Trading Down 0.1 %

Shares of nCino stock opened at $41.50 on Monday. nCino has a 52 week low of $28.00 and a 52 week high of $43.20. The stock has a 50 day moving average price of $37.12 and a two-hundred day moving average price of $33.44. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.08 and a quick ratio of 1.08.

Insider Buying and Selling at nCino

In related news, Director William J. Ruh sold 10,000 shares of nCino stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $37.50, for a total value of $375,000.00. Following the sale, the director now owns 226,201 shares of the company’s stock, valued at approximately $8,482,537.50. The trade was a 4.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Gregory Orenstein sold 3,885 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $35.05, for a total value of $136,169.25. Following the transaction, the chief financial officer now directly owns 276,892 shares of the company’s stock, valued at approximately $9,705,064.60. This trade represents a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,235,029 shares of company stock worth $117,599,204 in the last quarter. 28.40% of the stock is currently owned by company insiders.

Institutional Trading of nCino

Several hedge funds have recently made changes to their positions in NCNO. Asset Management One Co. Ltd. grew its stake in shares of nCino by 21.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,956 shares of the company’s stock worth $62,000 after acquiring an additional 341 shares during the period. Malaga Cove Capital LLC boosted its position in nCino by 3.0% during the third quarter. Malaga Cove Capital LLC now owns 13,614 shares of the company’s stock worth $430,000 after purchasing an additional 400 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of nCino by 3.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 14,602 shares of the company’s stock worth $459,000 after purchasing an additional 508 shares in the last quarter. Precision Wealth Strategies LLC raised its position in shares of nCino by 4.5% in the third quarter. Precision Wealth Strategies LLC now owns 13,564 shares of the company’s stock valued at $428,000 after purchasing an additional 589 shares during the period. Finally, Crewe Advisors LLC purchased a new stake in shares of nCino during the 2nd quarter valued at approximately $26,000. 94.76% of the stock is currently owned by institutional investors.

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.