nCino, Inc. (NASDAQ:NCNO) Receives Consensus Rating of “Moderate Buy” from Analysts

nCino, Inc. (NASDAQ:NCNO) has earned an average rating of “Moderate Buy” from the fifteen research firms that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $42.50.

A number of equities research analysts recently issued reports on the company. Barclays raised nCino from an “equal weight” rating to an “overweight” rating and set a $44.00 target price on the stock in a research report on Monday, January 6th. Scotiabank raised their price target on nCino from $36.00 to $46.00 and gave the company a “sector outperform” rating in a research note on Wednesday, December 4th. Macquarie raised their price target on nCino from $40.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Stephens raised their price target on nCino from $35.00 to $38.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Finally, Keefe, Bruyette & Woods raised their price target on nCino from $41.00 to $49.00 and gave the company an “outperform” rating in a research note on Monday, December 2nd.

nCino Stock Down 1.0 %

Shares of nCino stock opened at $33.03 on Friday. The business’s 50 day simple moving average is $33.83 and its 200 day simple moving average is $34.60. nCino has a 52-week low of $28.09 and a 52-week high of $43.20. The firm has a market cap of $3.82 billion, a PE ratio of -194.28, a P/E/G ratio of 6.01 and a beta of 0.65. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.95 and a current ratio of 1.95.

Insider Transactions at nCino

In related news, Director Jeff Horing sold 450,000 shares of nCino stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $37.27, for a total transaction of $16,771,500.00. Following the completion of the sale, the director now directly owns 12,063,467 shares of the company’s stock, valued at approximately $449,605,415.09. This trade represents a 3.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider April Rieger sold 4,325 shares of nCino stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $32.60, for a total value of $140,995.00. Following the sale, the insider now directly owns 145,953 shares of the company’s stock, valued at approximately $4,758,067.80. The trade was a 2.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 6,270,085 shares of company stock worth $225,838,863. 28.40% of the stock is owned by company insiders.

Institutional Trading of nCino

Several hedge funds have recently added to or reduced their stakes in NCNO. SG Americas Securities LLC acquired a new stake in nCino during the 3rd quarter worth approximately $219,000. Raymond James & Associates raised its holdings in nCino by 25.1% in the 3rd quarter. Raymond James & Associates now owns 504,734 shares of the company’s stock valued at $15,945,000 after acquiring an additional 101,305 shares in the last quarter. Berry Wealth Group LP acquired a new position in nCino in the 3rd quarter valued at $247,000. Precision Wealth Strategies LLC raised its holdings in nCino by 4.5% in the 3rd quarter. Precision Wealth Strategies LLC now owns 13,564 shares of the company’s stock valued at $428,000 after acquiring an additional 589 shares in the last quarter. Finally, Lecap Asset Management Ltd. acquired a new position in nCino in the 3rd quarter valued at $745,000. 94.76% of the stock is owned by institutional investors and hedge funds.

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.