nCino (NASDAQ:NCNO) Releases Q4 Earnings Guidance

nCino (NASDAQ:NCNO) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.18-0.19 for the period, compared to the consensus estimate of $0.19. The company issued revenue guidance of $139.5-141.5 million, compared to the consensus revenue estimate of $143.80 million. nCino also updated its FY25 guidance to $0.75-0.76 EPS.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NCNO. Stephens upped their price target on shares of nCino from $35.00 to $38.00 and gave the company an “equal weight” rating in a research report on Thursday. Truist Financial reaffirmed a “buy” rating and set a $44.00 price target (up previously from $37.00) on shares of nCino in a research report on Monday, October 21st. Robert W. Baird cut their price target on shares of nCino from $43.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday. The Goldman Sachs Group raised shares of nCino from a “neutral” rating to a “buy” rating and upped their price target for the company from $34.00 to $42.00 in a research report on Wednesday, August 14th. Finally, Morgan Stanley increased their price objective on shares of nCino from $30.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Monday. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, nCino presently has an average rating of “Moderate Buy” and an average price target of $42.31.

nCino Trading Up 2.4 %

NCNO opened at $42.50 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.08 and a quick ratio of 1.08. nCino has a fifty-two week low of $28.09 and a fifty-two week high of $43.20. The firm has a market capitalization of $4.91 billion, a PE ratio of -157.40, a P/E/G ratio of 34.42 and a beta of 0.59. The company’s 50-day moving average is $37.34 and its 200 day moving average is $33.51.

Insider Buying and Selling

In other nCino news, Director Jeff Horing sold 1,833,975 shares of the stock in a transaction dated Friday, October 18th. The shares were 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 in the company, valued at approximately $458,243,161.54. This trade represents a 12.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William J. Ruh sold 10,000 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $37.50, for a total transaction of $375,000.00. Following the completion of the sale, the director now owns 226,201 shares of the company’s stock, valued at approximately $8,482,537.50. This trade represents a 4.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,235,029 shares of company stock worth $117,599,204 in the last quarter. Insiders own 28.40% of the company’s stock.

nCino Company Profile

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.