nCino (NASDAQ:NCNO) Rating Increased to Strong-Buy at Raymond James Financial

Raymond James Financial upgraded shares of nCino (NASDAQ:NCNO) from an outperform rating to a strong-buy rating in a report released on Monday, Marketbeat reports. The firm currently has $36.00 price target on the stock.

A number of other brokerages have also recently commented on NCNO. Baird R W upgraded shares of nCino from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. JMP Securities increased their price target on shares of nCino from $35.00 to $41.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 27th. Bank of America increased their price target on shares of nCino from $34.00 to $38.00 and gave the company a “neutral” rating in a research report on Wednesday, August 27th. Barclays increased their price objective on nCino from $31.00 to $37.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. Finally, Citigroup reissued an “outperform” rating on shares of nCino in a research note on Wednesday, August 27th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $33.94.

nCino Stock Up 4.6%

Shares of NASDAQ NCNO opened at $24.85 on Monday. nCino has a one year low of $18.75 and a one year high of $43.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 1.03. The firm’s 50 day simple moving average is $28.29 and its two-hundred day simple moving average is $27.01. The stock has a market capitalization of $2.88 billion, a P/E ratio of -85.69, a PEG ratio of 14.96 and a beta of 0.64.

nCino (NASDAQ:NCNO) last issued its quarterly 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. nCino had a negative net margin of 5.86% and a positive return on equity of 1.18%. The business had revenue of $148.82 million for the quarter, compared to analysts’ expectations of $143.17 million. During the same period last year, the business earned $0.14 earnings per share. The business’s quarterly revenue was up 12.4% on a year-over-year basis. nCino has set its FY 2026 guidance at 0.770-0.800 EPS. Q3 2026 guidance at 0.200-0.21 EPS. As a group, analysts expect that nCino will post 0.12 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider April Rieger sold 3,028 shares of the firm’s stock in a transaction on 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 owned 240,523 shares of the company’s stock, valued at $6,602,356.35. This trade represents a 1.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Pierre Naude sold 4,659 shares of the firm’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $27.45, for a total value of $127,889.55. Following the completion of the sale, the director directly owned 1,192,461 shares of the company’s stock, valued at $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 a total of 4,480,723 shares of company stock valued at $135,667,553 over the last three months. Insiders own 5.70% of the company’s stock.

Institutional Trading of nCino

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NCNO. Oppenheimer Asset Management Inc. lifted its stake in nCino by 20.8% in the first quarter. Oppenheimer Asset Management Inc. now owns 62,217 shares of the company’s stock worth $1,709,000 after acquiring an additional 10,713 shares during the period. Asset Management One Co. Ltd. lifted its stake in nCino by 63.1% in the first quarter. Asset Management One Co. Ltd. now owns 3,718 shares of the company’s stock worth $102,000 after acquiring an additional 1,439 shares during the period. Legacy Advisors LLC lifted its stake in nCino by 64.3% in the first quarter. Legacy Advisors LLC now owns 21,819 shares of the company’s stock worth $599,000 after acquiring an additional 8,535 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in nCino by 38.6% during the first quarter. Robeco Institutional Asset Management B.V. now owns 485,000 shares of the company’s stock valued at $13,323,000 after buying an additional 135,000 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new position in nCino during the first quarter valued at $343,000. Hedge funds and other institutional investors own 94.76% of the company’s stock.

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.