nCino (NASDAQ:NCNO) Given New $34.00 Price Target at Piper Sandler

nCino (NASDAQ:NCNO) had its price objective boosted by Piper Sandler from $28.00 to $34.00 in a research note released on Wednesday morning, Marketbeat reports. Piper Sandler currently has a neutral rating on the stock.

A number of other research analysts also recently issued reports on the company. Robert W. Baird upgraded nCino from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $30.00 to $38.00 in a research note on Monday, July 14th. Keefe, Bruyette & Woods lifted their price target on shares of nCino from $28.00 to $33.00 and gave the company an “outperform” rating in a report on Thursday, May 29th. Scotiabank reiterated a “sector perform” rating and issued a $26.00 price target (up from $19.00) on shares of nCino in a research report on Wednesday, May 21st. Truist Financial increased their price objective on shares of nCino from $21.00 to $27.00 and gave the stock a “hold” rating in a research note on Thursday, May 29th. Finally, JPMorgan Chase & Co. started coverage on shares of nCino in a research report on Wednesday, June 18th. They set a “neutral” rating and a $30.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $33.94.

nCino Price Performance

Shares of nCino stock opened at $32.69 on Wednesday. The stock has a market cap of $3.79 billion, a P/E ratio of -112.72, a P/E/G ratio of 28.58 and a beta of 0.77. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.05 and a current ratio of 1.05. The stock’s fifty day moving average is $28.50 and its 200 day moving average is $27.46. nCino has a one year low of $18.75 and a one year high of $43.20.

nCino (NASDAQ:NCNO) last released its quarterly earnings results on Tuesday, August 26th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.08. The business had revenue of $148.82 million during the quarter, compared to analyst estimates of $143.17 million. nCino had a positive return on equity of 1.17% and a negative net margin of 5.86%.nCino’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.14 earnings per share. nCino has set its FY 2026 guidance at 0.770-0.800 EPS. Q3 2026 guidance at 0.200-0.21 EPS. Sell-side analysts anticipate that nCino will post 0.12 earnings per share for the current year.

Insider Activity at nCino

In other nCino news, CEO Sean Desmond sold 9,550 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $27.45, for a total transaction of $262,147.50. Following the completion of the transaction, the chief executive officer owned 628,603 shares of the company’s stock, valued at $17,255,152.35. This represents a 1.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Pierre Naude sold 4,659 shares of the firm’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $27.45, for a total value of $127,889.55. Following the transaction, the director owned 1,192,461 shares of the company’s stock, valued at approximately $32,733,054.45. The trade was a 0.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,603 shares of company stock worth $593,002 in the last quarter. 5.70% of the stock is owned by company insiders.

Institutional Trading of nCino

A number of large investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its position in shares of nCino by 68.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,127 shares of the company’s stock valued at $32,000 after acquiring an additional 458 shares during the last quarter. Hilltop National Bank purchased a new position in shares of nCino in the 2nd quarter worth $42,000. Covestor Ltd increased its holdings in shares of nCino by 27.6% in the 1st quarter. Covestor Ltd now owns 2,388 shares of the company’s stock worth $66,000 after buying an additional 517 shares during the last quarter. First Horizon Advisors Inc. raised its position in shares of nCino by 22.5% during the 1st quarter. First Horizon Advisors Inc. now owns 2,924 shares of the company’s stock valued at $80,000 after buying an additional 538 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in shares of nCino during the 1st quarter valued at about $82,000. Institutional investors 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.