nCino (NCNO) Projected to Post Quarterly Earnings on Tuesday

nCino (NASDAQ:NCNO) is anticipated to release its earnings data after the market closes on Tuesday, April 1st. Analysts expect nCino to post earnings of $0.18 per share and revenue of $140.81 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

nCino Trading Up 1.7 %

nCino stock opened at $28.98 on Tuesday. nCino has a 52 week low of $27.29 and a 52 week high of $43.20. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.95 and a current ratio of 1.95. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of -170.46, a P/E/G ratio of 5.77 and a beta of 0.66. The company has a 50 day moving average price of $31.73 and a 200 day moving average price of $34.22.

Insider Activity at nCino

In other nCino news, insider April Rieger sold 4,325 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $32.60, for a total transaction of $140,995.00. Following the transaction, the insider now owns 145,953 shares in the company, valued at $4,758,067.80. This trade represents a 2.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jeff Horing sold 54,876 shares of nCino stock in a transaction on Monday, January 6th. The stock was sold at an average price of $35.00, for a total transaction of $1,920,660.00. Following the completion of the transaction, the director now owns 4,458,591 shares in the company, valued at $156,050,685. This trade represents a 1.22 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 86,877 shares of company stock valued at $2,963,893. Insiders own 28.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on NCNO. Morgan Stanley decreased their target price on nCino from $41.00 to $39.00 and set an “equal weight” rating for the company in a research report on Friday, December 6th. Needham & Company LLC raised their price objective on nCino from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. William Blair reiterated an “outperform” rating on shares of nCino in a report on Thursday, December 5th. KeyCorp restated a “sector weight” rating on shares of nCino in a report on Monday, February 3rd. Finally, 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. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $42.50.

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.