2 weeks Ago By ABMN Staff
nCino ( NASDAQ:NCNO – Get Free Report ) ‘s stock had its “overweight” rating reaffirmed by equities researchers at Piper Sandler in a research note issued to investors on Wednesday, Benzinga reports. They currently have a $38.00 price objective on the stock.
Piper Sandler’s price target points to a potential upside of 25.85% from the company’s previous close. NCNO has been the subject of several other reports.
William Blair reissued an “outperform” rating on shares of nCino in a report on Wednesday, June 26th. Needham & Company LLC cut their target price on shares of nCino from $42.00 to $40.
00 and set a “buy” rating for the company in a research report on Wednesday. Macquarie restated an “outperform” rating and set a $40.00 target price on shares of nCino in a research report on Tuesday, August 6th.
The Goldman Sachs Group upgraded shares of nCino from a “neutral” rating to a “buy” rating and boosted their target price for the company from $34.00 to $42.00 in a research report on Wednesday, August 14th.
Finally, Stephens restated an “equal weight” rating and set a $35.00 target price on shares of nCino in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock.
According to MarketBeat, nCino presently has an average rating of “Moderate Buy” and a consensus price target of $37.15. Check Out Our Latest Stock Analysis on NCNO nCino Stock Up 1.
5 % nCino ( NASDAQ:NCNO – Get Free Report ) last released its quarterly earnings data on Tuesday, August 27th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.
13 by $0.01. nCino had a negative net margin of 6.
94% and a positive return on equity of 1.13%. The firm had revenue of $132.
40 million during the quarter, compared to analysts’ expectations of $131.06 million. During the same period in the previous year, the company earned ($0.
02) earnings per share. The firm’s quarterly revenue was up 13.0% on a year-over-year basis.
Equities research analysts forecast that nCino will post 0.08 earnings per share for the current year. Insider Transactions at nCino In other news, Director Jeff Horing sold 921,614 shares of the business’s stock in a transaction on Friday, July 26th.
The shares were sold at an average price of $33.50, for a total value of $30,874,069.00.
Following the transaction, the director now owns 17,552,574 shares of the company’s stock, valued at $588,011,229. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link . In other news, insider Sean Desmond sold 5,988 shares of the business’s stock in a transaction on Tuesday, June 11th.
The shares were sold at an average price of $30.15, for a total value of $180,538.20.
Following the transaction, the insider now owns 370,790 shares of the company’s stock, valued at $11,179,318.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link .
Also, Director Jeff Horing sold 921,614 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $33.50, for a total transaction of $30,874,069.
00. Following the sale, the director now directly owns 17,552,574 shares in the company, valued at approximately $588,011,229. The disclosure for this sale can be found here .
Over the last quarter, insiders have sold 6,642,425 shares of company stock valued at $212,241,592. 28.40% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On nCino A number of hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. raised its stake in nCino by 3.
6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 14,602 shares of the company’s stock valued at $459,000 after purchasing an additional 508 shares in the last quarter.
First Bank & Trust raised its stake in nCino by 5.7% during the second quarter. First Bank & Trust now owns 10,188 shares of the company’s stock valued at $320,000 after purchasing an additional 546 shares in the last quarter.
Covestor Ltd raised its stake in nCino by 29.6% during the first quarter. Covestor Ltd now owns 2,736 shares of the company’s stock valued at $102,000 after purchasing an additional 625 shares in the last quarter.
Parkwood LLC raised its stake in nCino by 6.7% during the fourth quarter. Parkwood LLC now owns 10,400 shares of the company’s stock valued at $350,000 after purchasing an additional 655 shares in the last quarter.
Finally, Mesirow Institutional Investment Management Inc. raised its stake in nCino by 6.1% during the first quarter.
Mesirow Institutional Investment Management Inc. now owns 12,422 shares of the company’s stock valued at $464,000 after purchasing an additional 719 shares in the last quarter. Hedge funds and other institutional investors own 94.
76% of the company’s stock. nCino Company Profile ( Get Free Report ) 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.
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