nCino (NASDAQ:NCNO) Upgraded at Zacks Research

Zacks Research upgraded shares of nCino (NASDAQ:NCNO) from a hold rating to a strong-buy rating in a report issued on Monday morning,Zacks.com reports.

NCNO has been the topic of a number of other research reports. Stephens raised nCino from a “hold” rating to an “overweight” rating in a research report on Monday. Morgan Stanley boosted their price target on nCino from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 27th. Baird R W upgraded nCino from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. William Blair upgraded nCino from a “market perform” rating to an “outperform” rating in a report on Friday, October 10th. Finally, Raymond James Financial upgraded nCino from an “outperform” rating to a “strong-buy” rating and set a $36.00 price objective for the company in a report on Monday, October 20th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $33.94.

nCino Price Performance

NASDAQ:NCNO opened at $25.80 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.03 and a current ratio of 1.03. The stock’s 50-day simple moving average is $28.08 and its 200 day simple moving average is $27.16. The company has a market cap of $2.99 billion, a P/E ratio of -88.97, a P/E/G ratio of 16.90 and a beta of 0.64. nCino has a 52-week low of $18.75 and a 52-week high of $43.20.

nCino (NASDAQ:NCNO) last released its earnings results on Tuesday, August 26th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.08. The business had revenue of $148.82 million for the quarter, compared to the consensus estimate of $143.17 million. nCino had a positive return on equity of 1.18% and a negative net margin of 5.86%.nCino’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous 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. As a group, sell-side analysts forecast that nCino will post 0.12 EPS for the current fiscal year.

Insider Transactions at nCino

In other nCino news, Director Pierre Naude sold 4,659 shares of the business’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 sale, the director directly owned 1,192,461 shares in the company, valued at $32,733,054.45. The trade was a 0.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider April Rieger sold 3,028 shares of the business’s stock in a transaction on Monday, August 4th. The shares were 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 in the company, valued at approximately $6,602,356.35. The trade was a 1.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 4,480,723 shares of company stock valued at $135,667,553. 5.70% of the stock is currently owned by insiders.

Institutional Trading of nCino

Several hedge funds have recently made changes to their positions in NCNO. Robeco Institutional Asset Management B.V. increased its stake in nCino by 7.2% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 520,000 shares of the company’s stock worth $14,544,000 after acquiring an additional 35,000 shares during the last quarter. Select Equity Group L.P. increased its stake in nCino by 395.3% in the 1st quarter. Select Equity Group L.P. now owns 265,211 shares of the company’s stock worth $7,285,000 after acquiring an additional 211,665 shares during the last quarter. Conestoga Capital Advisors LLC increased its stake in nCino by 24.0% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 2,669,920 shares of the company’s stock worth $74,678,000 after acquiring an additional 516,635 shares during the last quarter. Clearline Capital LP bought a new position in nCino in the 1st quarter worth about $494,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in nCino in the 2nd quarter worth about $204,000. 94.76% of the stock is currently owned by institutional investors.

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.