nCino (NASDAQ:NCNO) Earns Outperform Rating from William Blair

William Blair reissued their outperform rating on shares of nCino (NASDAQ:NCNO) in a research report report published on Wednesday morning, RTT News reports.

Several other research firms also recently commented on NCNO. Piper Sandler reaffirmed an overweight rating and set a $38.00 price objective on shares of nCino in a research note on Wednesday. Robert W. Baird reduced their price objective on nCino from $37.00 to $36.00 and set a neutral rating for the company in a research note on Thursday, May 30th. Truist Financial reaffirmed a buy rating and set a $37.00 price objective on shares of nCino in a research note on Wednesday. Macquarie reaffirmed an outperform rating and set a $40.00 price objective on shares of nCino in a research note on Wednesday. Finally, JMP Securities reaffirmed a market outperform rating and set a $43.00 price objective on shares of nCino in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $38.00.

nCino Stock Down 0.8 %

Shares of NASDAQ NCNO opened at $29.96 on Wednesday. The stock has a market cap of $3.45 billion, a PE ratio of -96.65, a price-to-earnings-growth ratio of 17.54 and a beta of 0.59. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.10. nCino has a 52-week low of $27.13 and a 52-week high of $37.48. The business has a 50-day moving average price of $32.25 and a 200 day moving average price of $31.42.

nCino (NASDAQ:NCNO) last announced its earnings results on Tuesday, August 27th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $132.40 million during the quarter, compared to analysts’ expectations of $131.06 million. nCino had a positive return on equity of 1.13% and a negative net margin of 6.94%. The business’s revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.02) EPS. Equities research analysts forecast that nCino will post 0.08 earnings per share for the current year.

Insider Transactions at nCino

In other news, CEO Pierre Naude sold 14,101 shares of the stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $30.15, for a total transaction of $425,145.15. Following the completion of the transaction, the chief executive officer now directly owns 1,114,239 shares of the company’s stock, valued at approximately $33,594,305.85. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Sean Desmond sold 5,988 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $30.15, for a total value of $180,538.20. Following the sale, the insider now owns 370,790 shares in the company, valued at approximately $11,179,318.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Pierre Naude sold 14,101 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 1,114,239 shares in the company, valued at approximately $33,594,305.85. The disclosure for this sale can be found here. In the last three months, insiders sold 6,642,425 shares of company stock valued at $212,241,592. Corporate insiders own 28.40% of the company’s stock.

Institutional Investors Weigh In On nCino

A number of institutional investors and hedge funds have recently modified their holdings of NCNO. Crewe Advisors LLC acquired a new stake in shares of nCino in the 2nd quarter worth approximately $26,000. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of nCino in the 1st quarter worth approximately $52,000. Covestor Ltd grew its holdings in shares of nCino by 29.6% in the 1st quarter. Covestor Ltd now owns 2,736 shares of the company’s stock worth $102,000 after acquiring an additional 625 shares during the period. Amalgamated Bank grew its holdings in shares of nCino by 28.1% in the 2nd quarter. Amalgamated Bank now owns 5,174 shares of the company’s stock worth $163,000 after acquiring an additional 1,134 shares during the period. Finally, Lazard Asset Management LLC grew its holdings in shares of nCino by 145.6% in the 1st quarter. Lazard Asset Management LLC now owns 4,516 shares of the company’s stock worth $168,000 after acquiring an additional 2,677 shares during the period. 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.