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

nCino (NASDAQ:NCNO) had its target price increased by Truist Financial from $27.00 to $32.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a hold rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Robert W. Baird upgraded nCino from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $30.00 to $38.00 in a report on Monday, July 14th. Raymond James Financial raised their price target on nCino from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday. Scotiabank restated a “sector perform” rating and issued a $26.00 price target (up previously from $19.00) on shares of nCino in a report on Wednesday, May 21st. Citigroup reaffirmed an “outperform” rating on shares of nCino in a research note on Wednesday. Finally, Barclays raised their target price on shares of nCino from $31.00 to $37.00 and gave the stock an “overweight” rating in a research report on Wednesday. One equities research 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 MarketBeat.com, nCino presently has an average rating of “Moderate Buy” and a consensus target price 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 earnings results on Tuesday, August 26th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.08. The firm had revenue of $148.82 million for the quarter, compared to analyst estimates of $143.17 million. nCino had a negative net margin of 5.86% and a positive return on equity of 1.17%. nCino’s revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the business earned $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. 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 other nCino news, Director Pierre Naude sold 4,659 shares of the firm’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $27.45, for a total value of $127,889.55. Following the transaction, the director directly owned 1,192,461 shares of the company’s stock, valued at $32,733,054.45. This trade represents a 0.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider April Rieger sold 3,028 shares of the company’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $27.45, for a total value 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,603 shares of company stock worth $593,002. Insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On nCino

Several hedge funds and other institutional investors have recently bought and sold shares of NCNO. Neuberger Berman Group LLC raised its stake in shares of nCino by 29.9% during the second quarter. Neuberger Berman Group LLC now owns 94,653 shares of the company’s stock valued at $2,647,000 after purchasing an additional 21,780 shares during the period. Ranger Investment Management L.P. grew its holdings in nCino by 24.1% during the 2nd quarter. Ranger Investment Management L.P. now owns 781,245 shares of the company’s stock valued at $21,851,000 after purchasing an additional 151,945 shares in the last quarter. State of Wyoming increased its stake in nCino by 458.8% during the 2nd quarter. State of Wyoming now owns 51,018 shares of the company’s stock worth $1,427,000 after buying an additional 41,888 shares during the period. Ashford Capital Management Inc. purchased a new stake in nCino during the 2nd quarter worth $10,325,000. Finally, Captrust Financial Advisors lifted its holdings in nCino by 10.5% in the 2nd quarter. Captrust Financial Advisors now owns 62,004 shares of the company’s stock worth $1,734,000 after buying an additional 5,906 shares in the last quarter. 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.