nCino (NASDAQ:NCNO) Rating Reiterated by William Blair

nCino (NASDAQ:NCNO)‘s stock had its “outperform” rating reissued by William Blair in a research report issued to clients and investors on Wednesday, RTT News reports.

A number of other equities analysts have also weighed in on NCNO. Piper Sandler lowered their target price on nCino from $42.00 to $38.00 and set an “overweight” rating on the stock in a research report on Thursday, May 30th. Stephens reissued an “equal weight” rating and issued a $35.00 price target on shares of nCino in a research report on Thursday, May 30th. Keefe, Bruyette & Woods initiated coverage on nCino in a research report on Tuesday, April 9th. They issued an “outperform” rating and a $41.00 price target for the company. Morgan Stanley increased their price target on nCino from $27.00 to $30.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 27th. Finally, Robert W. Baird lowered their price target on nCino from $37.00 to $36.00 and set a “neutral” rating for the company in a research report on Thursday, May 30th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $35.64.

nCino Price Performance

nCino stock opened at $31.36 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.07 and a current ratio of 1.07. nCino has a 52-week low of $27.13 and a 52-week high of $37.48. The stock’s 50 day moving average price is $30.75 and its two-hundred day moving average price is $31.52. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of -101.16, a PEG ratio of 17.19 and a beta of 0.59.

nCino (NASDAQ:NCNO) last issued its earnings results on Wednesday, May 29th. The company reported $0.05 earnings per share for the quarter. nCino had a positive return on equity of 1.13% and a negative net margin of 6.94%. The company had revenue of $128.09 million for the quarter, compared to analyst estimates of $126.59 million. On average, equities analysts predict that nCino will post 0.08 earnings per share for the current year.

Insider Transactions at nCino

In other nCino news, Director Insight Holdings Group, Llc sold 2,498 shares of nCino stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $31.51, for a total transaction of $78,711.98. Following the completion of the transaction, the director now owns 2,025,991 shares of the company’s stock, valued at approximately $63,838,976.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other nCino news, VP Jeanette Sellers sold 1,143 shares of nCino stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $30.15, for a total transaction of $34,461.45. Following the completion of the transaction, the vice president now owns 26,217 shares of the company’s stock, valued at approximately $790,442.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Insight Holdings Group, Llc sold 2,498 shares of nCino stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $31.51, for a total value of $78,711.98. Following the transaction, the director now directly owns 2,025,991 shares of the company’s stock, valued at approximately $63,838,976.41. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,322,660 shares of company stock worth $108,539,453. 28.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Untitled Investments LP grew its holdings in shares of nCino by 3.0% during the first quarter. Untitled Investments LP now owns 891,248 shares of the company’s stock worth $33,315,000 after purchasing an additional 26,260 shares in the last quarter. Washington Harbour Partners LP grew its holdings in shares of nCino by 17.1% during the first quarter. Washington Harbour Partners LP now owns 68,604 shares of the company’s stock worth $2,564,000 after purchasing an additional 10,000 shares in the last quarter. Motley Fool Asset Management LLC bought a new stake in nCino in the 1st quarter worth approximately $1,196,000. Silvercrest Asset Management Group LLC lifted its position in nCino by 18.8% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 454,249 shares of the company’s stock worth $16,980,000 after buying an additional 71,744 shares during the last quarter. Finally, Bamco Inc. NY lifted its position in nCino by 83.7% in the 1st quarter. Bamco Inc. NY now owns 925,000 shares of the company’s stock worth $34,576,000 after buying an additional 421,500 shares during the last quarter. 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.