nCino (NASDAQ:NCNO) Issues Q3 Earnings Guidance

nCino (NASDAQ:NCNO) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.15-$0.16 for the period, compared to the consensus estimate of $0.16. The company issued revenue guidance of $136-$138 million, compared to the consensus revenue estimate of $138.65 million. nCino also updated its FY 2025 guidance to 0.660-0.690 EPS.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Piper Sandler reiterated an overweight rating and set a $38.00 target price on shares of nCino in a research note on Monday, July 1st. Stephens reaffirmed an equal weight rating and set a $35.00 price objective on shares of nCino in a research report on Thursday, May 30th. Macquarie reissued an outperform rating and set a $40.00 target price on shares of nCino in a research report on Tuesday, August 6th. JMP Securities began coverage on shares of nCino in a report on Monday, July 22nd. They issued an outperform rating and a $43.00 target price for the company. Finally, Robert W. Baird decreased their price objective on nCino from $37.00 to $36.00 and set a neutral rating for the company in a report on Thursday, May 30th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $37.31.

nCino Stock Down 0.3 %

NCNO stock opened at $34.53 on Wednesday. nCino has a 52 week low of $27.13 and a 52 week high of $37.48. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.10. The company has a market cap of $3.97 billion, a P/E ratio of -111.39, a P/E/G ratio of 17.54 and a beta of 0.59. The company’s 50-day moving average price is $32.34 and its 200 day moving average price is $31.45.

nCino (NASDAQ:NCNO) last announced its quarterly earnings results on Wednesday, May 29th. The company reported $0.05 EPS for the quarter. nCino had a positive return on equity of 1.13% and a negative net margin of 6.94%. The business had revenue of $128.09 million for the quarter, compared to analyst estimates of $126.59 million. On average, research analysts expect that nCino will post 0.08 earnings per share for the current fiscal year.

Insider Transactions at nCino

In related news, Director Jeff Horing sold 800,002 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $33.16, for a total value of $26,528,066.32. Following the sale, the director now directly owns 16,649,942 shares of the company’s stock, valued at approximately $552,112,076.72. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Jeff Horing sold 800,002 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $33.16, for a total value of $26,528,066.32. Following the completion of the transaction, the director now directly owns 16,649,942 shares of the company’s stock, valued at $552,112,076.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider April Rieger sold 8,856 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $31.23, for a total value of $276,572.88. Following the completion of the sale, the insider now owns 165,791 shares in the company, valued at $5,177,652.93. The disclosure for this sale can be found here. Insiders sold 6,641,872 shares of company stock valued at $212,222,237 in the last 90 days. 28.40% of the stock is currently owned by insiders.

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.