nCino (NASDAQ:NCNO) Price Target Lowered to $30.00 at Piper Sandler

nCino (NASDAQ:NCNO) had its price objective reduced by Piper Sandler from $34.00 to $30.00 in a report released on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other research analysts have also recently weighed in on the company. Truist Financial lifted their price target on nCino from $27.00 to $32.00 and gave the company a “hold” rating in a research report on Wednesday, August 27th. Needham & Company LLC boosted their target price on shares of nCino from $33.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, August 27th. Raymond James Financial raised shares of nCino from an “outperform” rating to a “strong-buy” rating and set a $36.00 price target on the stock in a report on Monday, October 20th. Morgan Stanley lifted their price objective on shares of nCino from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Wednesday, August 27th. Finally, JMP Securities upped their price target on nCino from $35.00 to $41.00 and gave the stock a “market outperform” rating in a 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 given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $33.56.

nCino Trading Down 4.8%

Shares of nCino stock opened at $24.35 on Thursday. 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 has a fifty day moving average price of $25.51 and a 200 day moving average price of $27.45. nCino has a 1 year low of $18.75 and a 1 year high of $40.29. The stock has a market cap of $2.82 billion, a PE ratio of -135.28, a price-to-earnings-growth ratio of 16.10 and a beta of 0.53.

nCino (NASDAQ:NCNO) last posted its quarterly earnings results on Wednesday, December 3rd. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.20 by $0.11. The company had revenue of $152.16 million for the quarter, compared to analyst estimates of $147.31 million. nCino had a negative net margin of 3.71% and a positive return on equity of 2.26%. The firm’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the company earned $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 predict that nCino will post 0.12 earnings per share for the current year.

Insider Buying and Selling

In other nCino news, insider April Rieger sold 4,731 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $25.81, for a total transaction of $122,107.11. Following the completion of the sale, the insider directly owned 229,774 shares in the company, valued at approximately $5,930,466.94. The trade was a 2.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sean Desmond sold 10,006 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $25.81, for a total value of $258,254.86. Following the completion of the transaction, the chief executive officer owned 618,597 shares in the company, valued at approximately $15,965,988.57. This trade represents a 1.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,913,865 shares of company stock worth $117,312,830 in the last quarter. 5.70% of the stock is owned by insiders.

Institutional Investors Weigh In On nCino

Large investors have recently modified their holdings of the business. TD Asset Management Inc lifted its position in nCino by 0.5% during the 2nd quarter. TD Asset Management Inc now owns 69,820 shares of the company’s stock worth $1,953,000 after acquiring an additional 340 shares in the last quarter. Wallace Advisory Group LLC raised its stake in shares of nCino by 5.2% during the second quarter. Wallace Advisory Group LLC now owns 8,977 shares of the company’s stock valued at $247,000 after purchasing an additional 444 shares during the period. Advisors Asset Management Inc. raised its stake in shares of nCino by 68.5% during the second quarter. Advisors Asset Management Inc. now owns 1,127 shares of the company’s stock valued at $32,000 after purchasing an additional 458 shares during the period. Advisors Capital Management LLC lifted its position in shares of nCino by 0.7% during the first quarter. Advisors Capital Management LLC now owns 66,270 shares of the company’s stock worth $1,820,000 after purchasing an additional 479 shares in the last quarter. Finally, US Bancorp DE boosted its stake in shares of nCino by 1.6% in the third quarter. US Bancorp DE now owns 32,042 shares of the company’s stock valued at $869,000 after purchasing an additional 501 shares during the period. 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.