nCino (NASDAQ:NCNO) Given “Buy” Rating at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of nCino (NASDAQ:NCNO) in a research note published on Thursday morning,Benzinga reports. They currently have a $38.00 target price on the stock.

A number of other brokerages have also recently commented on NCNO. Weiss Ratings restated a “sell (d-)” rating on shares of nCino in a research report on Wednesday, October 8th. UBS Group reissued a “neutral” rating on shares of nCino in a report on Wednesday, August 27th. Bank of America upped their price target on shares of nCino from $34.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, August 27th. Barclays increased their price target on shares of nCino from $31.00 to $37.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 27th. Finally, Robert W. Baird boosted their price objective on shares of nCino from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, August 27th. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $33.56.

nCino Stock Down 4.8%

Shares of NCNO opened at $24.35 on Thursday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.24. nCino has a 12 month low of $18.75 and a 12 month high of $40.29. The firm’s 50 day moving average is $25.51 and its 200-day moving average is $27.45. The stock has a market capitalization of $2.82 billion, a PE ratio of -135.28, a P/E/G ratio of 16.10 and a beta of 0.53.

nCino (NASDAQ:NCNO) last issued its quarterly earnings results on Wednesday, December 3rd. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.11. The business had revenue of $152.16 million for the quarter, compared to the consensus estimate of $147.31 million. nCino had a positive return on equity of 2.26% and a negative net margin of 3.71%.The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.21 earnings per share. nCino has set its FY 2026 guidance at 0.900-0.910 EPS and its Q4 2026 guidance at 0.210-0.220 EPS. Equities research analysts forecast that nCino will post 0.12 EPS for the current year.

Insider Activity

In related news, Director Jeff Horing sold 3,889,254 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $30.00, for a total transaction of $116,677,620.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Gregory Orenstein sold 4,353 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $25.81, for a total value of $112,350.93. Following the completion of the transaction, the chief financial officer directly owned 461,746 shares of the company’s stock, valued at approximately $11,917,664.26. The trade was a 0.93% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 3,913,865 shares of company stock valued at $117,312,830. 5.70% of the stock is currently owned by insiders.

Institutional Trading of nCino

Several hedge funds and other institutional investors have recently made changes to their positions in NCNO. Vanguard Group Inc. increased its stake in shares of nCino by 7.7% in the first quarter. Vanguard Group Inc. now owns 11,666,955 shares of the company’s stock valued at $320,491,000 after buying an additional 836,182 shares during the period. Swiss National Bank boosted its position in nCino by 4.8% during the 1st quarter. Swiss National Bank now owns 190,600 shares of the company’s stock worth $5,236,000 after buying an additional 8,800 shares during the period. Covestor Ltd grew its holdings in nCino by 27.6% during the 1st quarter. Covestor Ltd now owns 2,388 shares of the company’s stock worth $66,000 after acquiring an additional 517 shares during the last quarter. Invesco Ltd. increased its position in nCino by 3.6% in the 1st quarter. Invesco Ltd. now owns 2,697,437 shares of the company’s stock valued at $74,099,000 after acquiring an additional 94,940 shares during the period. Finally, Nuveen LLC bought a new position in shares of nCino during the first quarter valued at $7,790,000. 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.