Needham & Company LLC Issues Positive Forecast for nCino (NASDAQ:NCNO) Stock Price

nCino (NASDAQ:NCNO) had its price target hoisted by Needham & Company LLC from $33.00 to $38.00 in a research report sent to investors on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other brokerages also recently commented on NCNO. Barclays lifted their price objective on nCino from $31.00 to $37.00 and gave the company an “overweight” rating in a research report on Wednesday. Keefe, Bruyette & Woods raised their price target on nCino from $28.00 to $33.00 and gave the stock an “outperform” rating in a research note on Thursday, May 29th. Robert W. Baird raised shares of nCino from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $30.00 to $38.00 in a research note on Monday, July 14th. Stephens increased their price objective on shares of nCino from $24.00 to $28.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 21st. Finally, JMP Securities boosted their target price on shares of nCino from $32.00 to $35.00 and gave the company a “market outperform” rating in a report on Monday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.94.

nCino Stock Performance

Shares of NASDAQ NCNO opened at $32.69 on Wednesday. The company has a 50-day simple moving average of $28.50 and a 200-day simple moving average of $27.46. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market cap of $3.79 billion, a PE ratio of -112.72, a price-to-earnings-growth ratio of 28.58 and a beta of 0.77. nCino has a 12 month low of $18.75 and a 12 month high of $43.20.

nCino (NASDAQ:NCNO) last announced its quarterly earnings data 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. nCino had a negative net margin of 5.86% and a positive return on equity of 1.17%. The business had revenue of $148.82 million for the quarter, compared to the consensus estimate of $143.17 million. During the same quarter in the prior year, the firm posted $0.14 earnings per share. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. nCino has set its FY 2026 guidance at 0.770-0.800 EPS. Q3 2026 guidance at 0.200-0.21 EPS. On average, equities analysts anticipate that nCino will post 0.12 earnings per share for the current year.

Insider Buying and Selling at nCino

In related news, insider April Rieger sold 3,028 shares of the company’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $27.45, for a total transaction of $83,118.60. Following the completion of the sale, the insider directly owned 240,523 shares of the company’s stock, valued at approximately $6,602,356.35. This represents a 1.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gregory Orenstein sold 4,155 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 $114,054.75. Following the completion of the transaction, the chief financial officer directly owned 466,099 shares in the company, valued at $12,794,417.55. This trade represents a 0.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,603 shares of company stock valued at $593,002 in the last quarter. Company insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On nCino

Several hedge funds have recently modified their holdings of the stock. Northern Trust Corp boosted its position in nCino by 14.1% in the 4th quarter. Northern Trust Corp now owns 612,902 shares of the company’s stock valued at $20,581,000 after buying an additional 75,592 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of nCino during the first quarter worth about $343,000. Victory Capital Management Inc. lifted its stake in shares of nCino by 241.1% in the first quarter. Victory Capital Management Inc. now owns 41,349 shares of the company’s stock worth $1,136,000 after acquiring an additional 29,225 shares in the last quarter. Peregrine Capital Management LLC boosted its holdings in nCino by 3.3% in the first quarter. Peregrine Capital Management LLC now owns 289,168 shares of the company’s stock valued at $7,943,000 after purchasing an additional 9,283 shares during the last quarter. Finally, Xponance Inc. boosted its holdings in nCino by 7.9% in the first quarter. Xponance Inc. now owns 8,954 shares of the company’s stock valued at $246,000 after purchasing an additional 656 shares during the last quarter. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

About nCino

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.