nCino (NASDAQ:NCNO) Issues FY25 Earnings Guidance

nCino (NASDAQ:NCNO) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.75-0.76 for the period, compared to the consensus estimate of $0.67. The company issued revenue guidance of $539.0-541.0 million, compared to the consensus revenue estimate of $541.63 million. nCino also updated its Q4 guidance to $0.18-0.19 EPS.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NCNO. Truist Financial reissued a “buy” rating and issued a $44.00 target price (up from $37.00) on shares of nCino in a report on Monday, October 21st. The Goldman Sachs Group upgraded shares of nCino from a “neutral” rating to a “buy” rating and raised their price objective for the company from $34.00 to $42.00 in a research report on Wednesday, August 14th. Robert W. Baird dropped their target price on shares of nCino from $43.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday. Needham & Company LLC raised their price target on nCino from $40.00 to $45.00 and gave the company a “buy” rating in a report on Thursday. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $43.00 price objective on shares of nCino in a research note on Wednesday, August 28th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, nCino presently has an average rating of “Moderate Buy” and a consensus target price of $42.31.

nCino Trading Down 12.3 %

Shares of NASDAQ NCNO opened at $37.28 on Friday. The stock has a market capitalization of $4.31 billion, a P/E ratio of -138.07, a PEG ratio of 34.42 and a beta of 0.59. nCino has a 1-year low of $28.09 and a 1-year high of $43.20. The business’s 50 day moving average is $37.59 and its two-hundred day moving average is $33.57. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.08 and a quick ratio of 1.08.

Insider Buying and Selling

In other nCino news, CFO Gregory Orenstein sold 3,885 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $35.05, for a total transaction of $136,169.25. Following the completion of the transaction, the chief financial officer now owns 276,892 shares in the company, valued at $9,705,064.60. The trade was a 1.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William J. Ruh sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $37.50, for a total value of $375,000.00. Following the transaction, the director now directly owns 226,201 shares in the company, valued at approximately $8,482,537.50. This represents a 4.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,235,029 shares of company stock worth $117,599,204 over the last three months. 28.40% of the stock is owned by insiders.

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.