Analysts Set nCino, Inc. (NASDAQ:NCNO) PT at $42.50

Shares of nCino, Inc. (NASDAQ:NCNO) have been assigned an average rating of “Moderate Buy” from the sixteen analysts that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $42.50.

A number of brokerages have recently weighed in on NCNO. Barclays upgraded shares of nCino from an “equal weight” rating to an “overweight” rating and set a $44.00 price objective for the company in a research note on Monday, January 6th. Macquarie boosted their target price on shares of nCino from $40.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Keefe, Bruyette & Woods raised their price target on nCino from $41.00 to $49.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. William Blair restated an “outperform” rating on shares of nCino in a research note on Thursday, December 5th. Finally, Needham & Company LLC upped their price target on nCino from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, December 5th.

nCino Trading Up 3.6 %

nCino stock opened at $28.34 on Wednesday. nCino has a one year low of $27.29 and a one year high of $43.20. The company’s fifty day moving average price is $32.29 and its two-hundred day moving average price is $34.25. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.95 and a quick ratio of 1.95. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of -166.70, a PEG ratio of 5.77 and a beta of 0.66.

Insider Buying and Selling at nCino

In other news, insider April Rieger sold 4,325 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $32.60, for a total value of $140,995.00. Following the transaction, the insider now directly owns 145,953 shares of the company’s stock, valued at $4,758,067.80. The trade was a 2.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeff Horing sold 4,474,158 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $35.75, for a total value of $159,951,148.50. Following the sale, the director now directly owns 4,513,467 shares of the company’s stock, valued at $161,356,445.25. This represents a 49.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,631,708 shares of company stock worth $165,467,043 over the last three months. Company insiders own 28.40% of the company’s stock.

Institutional Investors Weigh In On nCino

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NCNO. Fifth Third Bancorp acquired a new position in nCino during the 4th quarter worth $34,000. Hilltop National Bank bought a new position in nCino in the fourth quarter valued at about $37,000. Johnson Financial Group Inc. bought a new stake in nCino during the 4th quarter worth about $57,000. Asset Management One Co. Ltd. lifted its position in nCino by 21.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,956 shares of the company’s stock valued at $62,000 after purchasing an additional 341 shares during the period. Finally, West Tower Group LLC acquired a new stake in shares of nCino during the 3rd quarter worth approximately $126,000. Institutional investors and hedge funds own 94.76% of the company’s stock.

nCino Company Profile

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.