nCino’s (NCNO) “Equal Weight” Rating Reaffirmed at Stephens

nCino (NASDAQ:NCNO)‘s stock had its “equal weight” rating reissued by investment analysts at Stephens in a research report issued on Wednesday, Benzinga reports. They currently have a $35.00 target price on the stock. Stephens’ price target indicates a potential upside of 1.36% from the stock’s current price.

NCNO has been the subject of several other research reports. Robert W. Baird reduced their price target on shares of nCino from $37.00 to $36.00 and set a “neutral” rating for the company in a research report on Thursday, May 30th. JMP Securities started coverage on shares of nCino in a research report on Monday, July 22nd. They issued an “outperform” rating and a $43.00 price target on the stock. William Blair reissued an “outperform” rating on shares of nCino in a research report on Wednesday, June 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $42.00 price objective on shares of nCino in a research note on Thursday, May 30th. Finally, The Goldman Sachs Group upgraded nCino from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $34.00 to $42.00 in a research note on Wednesday, August 14th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.15.

nCino Trading Down 0.3 %

NASDAQ:NCNO opened at $34.53 on Wednesday. The company has a 50 day simple moving average of $32.34 and a two-hundred day simple moving average of $31.45. The company has a market cap of $3.97 billion, a PE ratio of -111.39, a price-to-earnings-growth ratio of 17.54 and a beta of 0.59. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.10. nCino has a 12 month low of $27.13 and a 12 month high of $37.48.

nCino (NASDAQ:NCNO) last issued its quarterly earnings data 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 company had revenue of $128.09 million during the quarter, compared to analyst estimates of $126.59 million. Research analysts forecast that nCino will post 0.08 earnings per share for the current year.

Insider Buying and Selling at nCino

In other news, Director Jeff Horing sold 800,002 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $33.16, for a total transaction 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other nCino news, Director Jeff Horing sold 800,002 shares of nCino stock in a transaction on 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 completion of the transaction, 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 Securities & Exchange Commission, which is accessible through this link. Also, CEO Pierre Naude sold 14,101 shares of nCino stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $30.15, for a total value of $425,145.15. Following the completion of the transaction, the chief executive officer now owns 1,114,239 shares of the company’s stock, valued at approximately $33,594,305.85. The disclosure for this sale can be found here. Insiders sold 6,641,872 shares of company stock worth $212,222,237 in the last quarter. 28.40% of the stock is owned by corporate insiders.

Institutional Trading of nCino

A number of institutional investors have recently bought and sold shares of NCNO. Northwestern Mutual Wealth Management Co. raised its stake in shares of nCino by 3.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 14,602 shares of the company’s stock valued at $459,000 after acquiring an additional 508 shares during the period. First Bank & Trust lifted its stake in nCino by 5.7% in the second quarter. First Bank & Trust now owns 10,188 shares of the company’s stock worth $320,000 after purchasing an additional 546 shares during the last quarter. Covestor Ltd lifted its stake in nCino by 29.6% in the first quarter. Covestor Ltd now owns 2,736 shares of the company’s stock worth $102,000 after purchasing an additional 625 shares during the last quarter. Parkwood LLC boosted its position in shares of nCino by 6.7% during the fourth quarter. Parkwood LLC now owns 10,400 shares of the company’s stock valued at $350,000 after buying an additional 655 shares during the period. Finally, Mesirow Institutional Investment Management Inc. grew its stake in shares of nCino by 6.1% during the first quarter. Mesirow Institutional Investment Management Inc. now owns 12,422 shares of the company’s stock valued at $464,000 after buying an additional 719 shares during the last quarter. 94.76% of the stock is currently owned by institutional investors.

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.