Shares of nCino, Inc. (NASDAQ:NCNO - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the twelve analysts that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $38.18.
Several brokerages have issued reports on NCNO. Macquarie reissued an "outperform" rating and set a $40.00 price objective on shares of nCino in a research report on Wednesday, August 28th. Stephens restated an "equal weight" rating and issued a $35.00 price target on shares of nCino in a research report on Wednesday, August 28th. Truist Financial reaffirmed a "buy" rating and set a $37.00 price objective on shares of nCino in a research report on Wednesday, August 28th. Piper Sandler reissued an "overweight" rating and issued a $38.00 target price on shares of nCino in a report on Wednesday, August 28th. Finally, William Blair reaffirmed an "outperform" rating on shares of nCino in a report on Wednesday, August 28th.
View Our Latest Stock Report on NCNO
In other news, Director Jeff Horing sold 800,002 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $33.16, for a total value of $26,528,066.32. Following the completion of the transaction, the director now owns 16,649,942 shares in the company, valued at $552,112,076.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other nCino news, Director Insight Holdings Group, Llc sold 16,882 shares of the company's stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $33.11, for a total value of $558,963.02. Following the sale, the director now owns 1,381,929 shares of the company's stock, valued at approximately $45,755,669.19. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeff Horing sold 800,002 shares of the business's stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $33.16, for a total transaction of $26,528,066.32. Following the completion of the sale, the director now owns 16,649,942 shares in the company, valued at $552,112,076.72. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,290,312 shares of company stock valued at $75,977,898 in the last ninety days. 28.40% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in NCNO. Capital International Investors purchased a new stake in nCino in the 1st quarter valued at approximately $60,703,000. Long Path Partners LP lifted its stake in shares of nCino by 151.1% during the second quarter. Long Path Partners LP now owns 2,590,135 shares of the company's stock valued at $81,460,000 after buying an additional 1,558,529 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in nCino during the second quarter worth approximately $41,805,000. Senator Investment Group LP purchased a new stake in nCino in the 2nd quarter worth approximately $40,885,000. Finally, ShawSpring Partners LLC acquired a new position in nCino in the 2nd quarter valued at $38,663,000. 94.76% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NCNO opened at $34.51 on Friday. The firm has a fifty day moving average price of $31.43 and a 200 day moving average price of $31.57. The stock has a market cap of $3.99 billion, a PE ratio of -127.81, a price-to-earnings-growth ratio of 26.59 and a beta of 0.59. nCino has a 1-year low of $27.13 and a 1-year high of $37.48. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.08 and a quick ratio of 1.08.
nCino (NASDAQ:NCNO - Get Free Report) last announced its earnings results on Tuesday, August 27th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.01. The firm had revenue of $132.40 million during the quarter, compared to analysts' expectations of $131.06 million. nCino had a positive return on equity of 1.06% and a negative net margin of 5.78%. The business's revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.02) EPS. As a group, sell-side analysts anticipate that nCino will post 0.05 EPS for the current year.
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.
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