nCino (NCNO) Set to Announce Quarterly Earnings on Wednesday

nCino (NASDAQ:NCNO – Get Rating) will announce its earnings results after the market closes on Wednesday, June 1st. Analysts expect the company to announce earnings of ($0.15) per share for the quarter. nCino has set its FY 2023 guidance at $-0.320-$-0.310 EPS and its Q1 2023 guidance at $-0.080-$-0.070 EPS.Investors interested in listening to the company’s conference call can do so using this link.

nCino (NASDAQ:NCNO – Get Rating) last posted its earnings results on Thursday, March 31st. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.01). nCino had a negative net margin of 18.06% and a negative return on equity of 11.43%. The firm had revenue of $74.96 million during the quarter, compared to analysts’ expectations of $69.31 million. During the same period in the previous year, the firm posted ($0.11) earnings per share. The firm’s revenue for the quarter was up 32.5% on a year-over-year basis. On average, analysts expect nCino to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

nCino stock opened at $30.07 on Wednesday. nCino has a fifty-two week low of $23.94 and a fifty-two week high of $79.43. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.62 and a current ratio of 3.62. The company has a market capitalization of $3.31 billion, a P/E ratio of -58.96 and a beta of 0.89. The stock has a 50-day simple moving average of $38.56 and a 200-day simple moving average of $47.30.

Several analysts have recently weighed in on NCNO shares. Needham & Company LLC reduced their target price on nCino from $85.00 to $60.00 and set a “buy” rating for the company in a report on Friday, April 1st. Piper Sandler reduced their price objective on nCino from $80.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, April 1st. Zacks Investment Research raised nCino from a “sell” rating to a “hold” rating in a research note on Saturday, March 5th. Morgan Stanley began coverage on nCino in a research note on Wednesday, April 13th. They set an “overweight” rating and a $60.00 price objective for the company. Finally, Barclays reduced their price objective on nCino from $47.00 to $38.00 and set an “equal weight” rating for the company in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $63.60.

In related news, Director Jeffrey W. Lunsford sold 60,000 shares of the company’s stock in a transaction that occurred on Monday, April 11th. The stock was sold at an average price of $42.38, for a total value of $2,542,800.00. Following the sale, the director now owns 183,404 shares in the company, valued at approximately $7,772,661.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Pierre Naude sold 9,749 shares of the company’s stock in a transaction that occurred on Wednesday, April 6th. The stock was sold at an average price of $43.63, for a total value of $425,348.87. Following the completion of the sale, the chief executive officer now owns 920,989 shares in the company, valued at approximately $40,182,750.07. The disclosure for this sale can be found here. Over the last three months, insiders have sold 87,487 shares of company stock valued at $3,730,255. Company insiders own 37.20% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in NCNO. Morgan Stanley grew its holdings in nCino by 102.8% during the 2nd quarter. Morgan Stanley now owns 439,153 shares of the company’s stock valued at $26,313,000 after buying an additional 222,582 shares during the last quarter. LPL Financial LLC acquired a new stake in nCino during the 3rd quarter valued at $389,000. UBS Group AG grew its holdings in nCino by 50.3% during the 3rd quarter. UBS Group AG now owns 9,456 shares of the company’s stock valued at $672,000 after buying an additional 3,163 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in nCino during the 3rd quarter valued at $207,000. Finally, Dimensional Fund Advisors LP grew its holdings in nCino by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 16,740 shares of the company’s stock valued at $918,000 after buying an additional 384 shares during the last quarter.

nCino Company Profile (Get Rating)

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, a tenant cloud platform, which digitizes, automates, and streamlines complex processes and workflow; and utilizes data analytics and artificial intelligence and machine learning (AI/ML) to enable banks and credit unions to onboard new clients, make loans and manage the entire loan life cycle, open deposit and other accounts, and manage regulatory compliance.

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