Research Analysts’ Weekly Ratings Updates for nCino (NCNO)

Several analysts have recently updated their ratings and price targets for nCino (NASDAQ: NCNO):

• 12/16/2024 – nCino is now covered by analysts at UBS Group AG. They set a “buy” rating and a $44.00 price target on the stock.
• 12/6/2024 – nCino had its price target raised by analysts at Macquarie from $40.00 to $43.00. They now have an “outperform” rating on the stock.
• 12/6/2024 – nCino had its price target lowered by analysts at Morgan Stanley from $41.00 to $39.00. They now have an “equal weight” rating on the stock.
• 12/5/2024 – nCino had its “outperform” rating reaffirmed by analysts at William Blair.
• 12/5/2024 – nCino had its price target lowered by analysts at Robert W. Baird from $43.00 to $42.00. They now have a “neutral” rating on the stock.
• 12/5/2024 – nCino had its “neutral” rating reaffirmed by analysts at Piper Sandler. They now have a $38.00 price target on the stock.
• 12/5/2024 – nCino had its price target raised by analysts at Stephens from $35.00 to $38.00. They now have an “equal weight” rating on the stock.
• 12/5/2024 – nCino had its price target raised by analysts at Needham & Company LLC from $40.00 to $45.00. They now have a “buy” rating on the stock.
• 12/4/2024 – nCino had its price target raised by analysts at Scotiabank from $36.00 to $46.00. They now have a “sector outperform” rating on the stock.
• 12/2/2024 – nCino had its price target raised by analysts at Keefe, Bruyette & Woods from $41.00 to $49.00. They now have an “outperform” rating on the stock.
• 12/2/2024 – nCino had its price target raised by analysts at Morgan Stanley from $30.00 to $41.00. They now have an “equal weight” rating on the stock.
• 11/25/2024 – nCino had its price target raised by analysts at Barclays PLC from $34.00 to $44.00. They now have an “equal weight” rating on the stock.
• 10/23/2024 – nCino had its “outperform” rating reaffirmed by analysts at Macquarie. They now have a $40.00 price target on the stock.
• 10/21/2024 – nCino had its “buy” rating reaffirmed by analysts at Truist Financial Co.. They now have a $44.00 price target on the stock, up previously from $37.00.

nCino Trading Up 2.0 %

nCino stock traded up $0.68 during mid-day trading on Friday, reaching $35.22. 2,271,960 shares of the company traded hands, compared to its average volume of 1,127,985. nCino, Inc. has a 52-week low of $28.09 and a 52-week high of $43.20. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.95 and a quick ratio of 1.95. The firm’s 50 day moving average price is $38.63 and its 200 day moving average price is $33.95. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of -207.16, a P/E/G ratio of 16.39 and a beta of 0.59.

Insider Buying and Selling

In other nCino news, Director Jeff Horing sold 1,833,975 shares of nCino stock in a transaction on Friday, October 18th. The stock was sold at an average price of $36.62, for a total value of $67,160,164.50. Following the completion of the sale, the director now owns 12,513,467 shares of the company’s stock, valued at approximately $458,243,161.54. This trade represents a 12.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sean Desmond sold 30,000 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $34.77, for a total transaction of $1,043,100.00. Following the transaction, the insider now owns 341,511 shares in the company, valued at $11,874,337.47. This represents a 8.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,944,079 shares of company stock valued at $180,523,026 over the last quarter. Corporate insiders own 28.40% of the company’s stock.

Hedge Funds Weigh In On nCino

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James & Associates grew its position in shares of nCino by 6.0% during the second quarter. Raymond James & Associates now owns 403,429 shares of the company’s stock valued at $12,688,000 after purchasing an additional 22,729 shares in the last quarter. EFG Asset Management North America Corp. grew its stake in nCino by 31.9% in the second quarter. EFG Asset Management North America Corp. now owns 41,458 shares of the company’s stock worth $1,303,000 after purchasing an additional 10,015 shares in the last quarter. Crewe Advisors LLC purchased a new position in shares of nCino during the second quarter valued at $26,000. Principal Financial Group Inc. increased its position in nCino by 15.6% during the 2nd quarter. Principal Financial Group Inc. now owns 6,792 shares of the company’s stock valued at $214,000 after purchasing an additional 915 shares during the period. Finally, Maryland State Retirement & Pension System purchased a new position in nCino during the second quarter valued at approximately $202,000. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

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.