Raymond James Financial Issues Positive Forecast for nCino (NASDAQ:NCNO) Stock Price

nCino (NASDAQ:NCNO) had its price objective boosted by Raymond James Financial from $35.00 to $36.00 in a report issued on Wednesday morning, Marketbeat reports. Raymond James Financial currently has an outperform rating on the stock.

A number of other research analysts have also recently weighed in on the stock. UBS Group set a $28.00 price objective on shares of nCino in a report on Thursday, May 29th. Scotiabank reissued a “sector perform” rating and issued a $26.00 price target (up previously from $19.00) on shares of nCino in a research report on Wednesday, May 21st. Stephens boosted their price target on shares of nCino from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 21st. Morgan Stanley upped their price objective on nCino from $29.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 22nd. Finally, Truist Financial increased their price objective on nCino from $21.00 to $27.00 and gave the company a “hold” rating in a research note on Thursday, May 29th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, nCino presently has a consensus rating of “Moderate Buy” and an average price target of $33.94.

nCino Price Performance

NCNO stock opened at $32.69 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $3.79 billion, a PE ratio of -112.72, a P/E/G 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. The business’s fifty day moving average price is $28.50 and its 200 day moving average price is $27.46.

nCino (NASDAQ:NCNO) last announced its earnings results on Tuesday, August 26th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.08. The company had revenue of $148.82 million during the quarter, compared to analysts’ expectations 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 period last year, the business posted $0.14 EPS. nCino has set its FY 2026 guidance at 0.770-0.800 EPS. Q3 2026 guidance at 0.200-0.21 EPS. On average, sell-side analysts anticipate that nCino will post 0.12 EPS for the current year.

Insiders Place Their Bets

In other nCino news, insider April Rieger sold 3,028 shares of nCino stock in a transaction dated Monday, August 4th. The stock was 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 $6,602,356.35. The trade was a 1.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sean Desmond sold 9,550 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $27.45, for a total value of $262,147.50. Following the completion of the transaction, the chief executive officer directly owned 628,603 shares of the company’s stock, valued at $17,255,152.35. This trade represents a 1.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,603 shares of company stock valued at $593,002 in the last three months. Corporate insiders own 5.70% of the company’s stock.

Institutional Trading of nCino

A number of large investors have recently made changes to their positions in NCNO. Northern Trust Corp increased its position in nCino by 14.1% during the fourth quarter. Northern Trust Corp now owns 612,902 shares of the company’s stock worth $20,581,000 after buying an additional 75,592 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of nCino in the first quarter valued at approximately $343,000. Victory Capital Management Inc. grew its position in shares of nCino by 241.1% during 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 during the last quarter. Peregrine Capital Management LLC increased its holdings in shares of nCino by 3.3% in the 1st quarter. Peregrine Capital Management LLC now owns 289,168 shares of the company’s stock valued at $7,943,000 after acquiring an additional 9,283 shares during the period. Finally, Xponance Inc. increased its holdings in shares of nCino by 7.9% in the 1st quarter. Xponance Inc. now owns 8,954 shares of the company’s stock valued at $246,000 after acquiring an additional 656 shares during the period. 94.76% of the stock is owned by institutional investors and hedge funds.

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.