nCino Inc. (NASDAQ:NCNO – Get Free Report) has been given an average recommendation of “Moderate Buy” by the nineteen analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $25.2857.
A number of equities analysts have commented on the stock. Citizens Jmp cut their price objective on shares of nCino from $32.00 to $23.00 and set a “market outperform” rating for the company in a research report on Monday, May 18th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of nCino in a report on Wednesday, June 24th. Morgan Stanley dropped their price target on shares of nCino from $36.00 to $21.00 and set an “overweight” rating on the stock in a research note on Monday, March 30th. Wall Street Zen raised shares of nCino from a “hold” rating to a “buy” rating in a report on Saturday, April 4th. Finally, JPMorgan Chase & Co. raised their price objective on shares of nCino from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Monday, June 22nd.
View Our Latest Stock Report on nCino
nCino Price Performance
Insider Activity at nCino
In other news, CFO Gregory Orenstein sold 14,650 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $18.02, for a total value of $263,993.00. Following the completion of the sale, the chief financial officer directly owned 702,293 shares of the company’s stock, valued at $12,655,319.86. This trade represents a 2.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Sean Desmond sold 22,073 shares of nCino stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $18.02, for a total value of $397,755.46. Following the completion of the sale, the chief executive officer owned 1,271,016 shares in the company, valued at approximately $22,903,708.32. This trade represents a 1.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 119,964 shares of company stock worth $2,143,529 in the last three months. 1.90% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of NCNO. CWM LLC lifted its holdings in nCino by 255.8% in the fourth quarter. CWM LLC now owns 1,142 shares of the company’s stock valued at $29,000 after acquiring an additional 821 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of nCino during the 4th quarter worth $38,000. Farther Finance Advisors LLC increased its holdings in shares of nCino by 76.2% in the 4th quarter. Farther Finance Advisors LLC now owns 1,670 shares of the company’s stock valued at $43,000 after purchasing an additional 722 shares in the last quarter. Quarry LP increased its holdings in shares of nCino by 138.2% in the 3rd quarter. Quarry LP now owns 1,701 shares of the company’s stock valued at $46,000 after purchasing an additional 987 shares in the last quarter. Finally, Optiver Holding B.V. acquired a new stake in shares of nCino in the first quarter valued at about $32,000. Hedge funds and other institutional investors own 94.76% of the company’s stock.
nCino Company Profile
nCino, Inc provides a cloud-based banking operating system designed to modernize and streamline processes for financial institutions. Built on a software-as-a-service (SaaS) model, the nCino Bank Operating System integrates key banking functions into a unified platform, enabling banks and credit unions to enhance efficiency, reduce risk and improve customer experiences.
Founded in 2012 as a spinoff from Live Oak Bank, nCino launched its flagship offering to address the needs of commercial and retail lenders seeking to replace legacy systems.
Further Reading
- Five stocks we like better than nCino
- AirJoule’s Kubota Deal Is a Major Validation—But the Hard Part Comes Next
- Dividend Stocks May Be the Quiet Rotation Trade Investors Are Missing Now
- Refiner Stocks Are Near Record Highs—Can Iran-Driven Margins Keep Them There?
- Verizon May Be an AI Infrastructure Stock Hiding in Plain Sight
Receive News & Ratings for nCino Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for nCino and related companies with MarketBeat.com's FREE daily email newsletter.
