nCino (NASDAQ:NCNO – Get Free Report) was upgraded by research analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a $44.00 price target on the stock. Barclays‘s price target indicates a potential upside of 29.15% from the stock’s previous close.
NCNO has been the subject of several other research reports. Piper Sandler reaffirmed a “neutral” rating and set a $38.00 price objective on shares of nCino in a research report on Thursday, December 5th. Morgan Stanley cut their price target on shares of nCino from $41.00 to $39.00 and set an “equal weight” rating for the company in a report on Friday, December 6th. Scotiabank lifted their price objective on shares of nCino from $36.00 to $46.00 and gave the company a “sector outperform” rating in a research note on Wednesday, December 4th. Macquarie upped their target price on nCino from $40.00 to $43.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Finally, Robert W. Baird decreased their price target on nCino from $43.00 to $42.00 and set a “neutral” rating on the stock in a research note on Thursday, December 5th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, nCino currently has an average rating of “Moderate Buy” and a consensus price target of $42.50.
Get Our Latest Stock Analysis on nCino
nCino Price Performance
Insider Activity
In other news, Director William J. Ruh sold 10,000 shares of nCino stock in a transaction 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 completion of the sale, the director now owns 226,201 shares in the company, valued at $8,482,537.50. The trade was a 4.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jeff Horing sold 4,474,158 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $35.75, for a total transaction of $159,951,148.50. Following the completion of the sale, the director now owns 4,513,467 shares of the company’s stock, valued at $161,356,445.25. The trade was a 49.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,418,237 shares of company stock valued at $340,474,175. 28.40% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its stake in nCino by 46.0% during the 3rd quarter. Franklin Resources Inc. now owns 1,092,862 shares of the company’s stock valued at $38,327,000 after purchasing an additional 344,269 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in shares of nCino in the 3rd quarter worth about $689,000. Verition Fund Management LLC bought a new position in nCino in the 3rd quarter valued at about $594,000. Charles Schwab Investment Management Inc. boosted its stake in nCino by 51.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 556,757 shares of the company’s stock valued at $17,588,000 after purchasing an additional 189,283 shares during the last quarter. Finally, Select Equity Group L.P. boosted its stake in nCino by 182.0% during the 2nd quarter. Select Equity Group L.P. now owns 25,436 shares of the company’s stock valued at $800,000 after purchasing an additional 16,416 shares during the last quarter. 94.76% of the stock is owned by institutional investors and hedge funds.
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.
Read More
- Five stocks we like better than nCino
- Short Selling: How to Short a Stock
- From Laggards to Leaders: 3 Stocks Ready to Rebound in 2025
- What is the Shanghai Stock Exchange Composite Index?
- 3 Momentum Picks From 2024 Poised for More Gains in 2025
- 5 discounted opportunities for dividend growth investors
- Hidden Gems: 3 Value Stocks to Watch for Strong 2025 Returns
Receive News & Ratings for nCino Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for nCino and related companies with MarketBeat.com's FREE daily email newsletter.