Scotiabank Has Positive Outlook for nCino FY2025 Earnings

nCino, Inc. (NASDAQ:NCNO) – Investment analysts at Scotiabank lifted their FY2025 earnings per share (EPS) estimates for shares of nCino in a report released on Wednesday, January 8th. Scotiabank analyst N. Altmann now anticipates that the company will post earnings per share of $0.12 for the year, up from their previous estimate of $0.04. Scotiabank has a “Sector Outperform” rating and a $46.00 price objective on the stock. The consensus estimate for nCino’s current full-year earnings is $0.10 per share.

Other research analysts also recently issued reports about the company. Morgan Stanley reduced their target price on nCino from $41.00 to $39.00 and set an “equal weight” rating for the company in a research note on Friday, December 6th. Stephens upped their price objective on shares of nCino from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Piper Sandler reiterated a “neutral” rating and issued a $38.00 target price on shares of nCino in a research report on Thursday, December 5th. Robert W. Baird cut their target price on shares of nCino from $43.00 to $42.00 and set a “neutral” rating for the company in a research note on Thursday, December 5th. Finally, Barclays raised shares of nCino from an “equal weight” rating to an “overweight” rating and set a $44.00 price target on the stock in a research note on Monday, January 6th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, nCino presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

nCino Stock Down 2.9 %

NCNO stock opened at $32.54 on Monday. The firm’s fifty day moving average is $37.74 and its 200 day moving average is $34.36. The firm has a market cap of $3.77 billion, a PE ratio of -191.40, a P/E/G ratio of 16.39 and a beta of 0.64. nCino has a one year low of $28.09 and a one year 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.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC increased its stake in nCino by 8.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,782,689 shares of the company’s stock valued at $244,766,000 after purchasing an additional 635,064 shares during the last quarter. Long Path Partners LP grew its position in shares of nCino by 43.7% during the 3rd quarter. Long Path Partners LP now owns 3,721,406 shares of the company’s stock valued at $117,559,000 after buying an additional 1,131,271 shares during the last quarter. ShawSpring Partners LLC grew its position in shares of nCino by 115.9% during the 3rd quarter. ShawSpring Partners LLC now owns 2,653,687 shares of the company’s stock valued at $83,830,000 after buying an additional 1,424,349 shares during the last quarter. ArrowMark Colorado Holdings LLC raised its stake in nCino by 65.1% during the third quarter. ArrowMark Colorado Holdings LLC now owns 2,100,062 shares of the company’s stock worth $66,341,000 after acquiring an additional 828,124 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its holdings in nCino by 55.4% in the third quarter. Brown Brothers Harriman & Co. now owns 2,065,880 shares of the company’s stock worth $65,261,000 after acquiring an additional 736,627 shares during the last quarter. Hedge funds and other institutional investors own 94.76% of the company’s stock.

Insiders Place Their Bets

In other nCino news, Director Jeff Horing sold 1,833,975 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $36.62, for a total value of $67,160,164.50. Following the completion of the transaction, the director now owns 12,513,467 shares in the company, valued at $458,243,161.54. This represents a 12.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William J. Ruh sold 10,000 shares of nCino stock in a transaction on Monday, October 21st. The stock was sold at an average price of $37.50, for a total transaction of $375,000.00. Following the sale, the director now directly owns 226,201 shares in the company, valued at $8,482,537.50. This trade represents a 4.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,438,780 shares of company stock valued at $341,199,885 in the last ninety days. Insiders own 28.40% 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.