nCino (NASDAQ:NCNO) Updates FY25 Earnings Guidance

nCino (NASDAQ:NCNO) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided EPS guidance of $0.60-0.64 for the period, compared to the consensus EPS estimate of $0.57. The company issued revenue guidance of $538.5-544.5 million, compared to the consensus revenue estimate of $545.43 million. nCino also updated its Q1 guidance to $0.13-0.14 EPS.

Analysts Set New Price Targets

Several equities analysts have commented on NCNO shares. Piper Sandler reissued an overweight rating and issued a $42.00 target price on shares of nCino in a report on Tuesday, January 9th. Needham & Company LLC reissued a buy rating and issued a $40.00 price objective on shares of nCino in a research note on Thursday, November 30th. Morgan Stanley upgraded nCino from an underweight rating to an equal weight rating and upped their target price for the stock from $24.00 to $27.00 in a research note on Friday, March 15th. Finally, Truist Financial reduced their target price on nCino from $40.00 to $37.00 and set a buy rating on the stock in a report on Thursday, November 30th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $34.90.

nCino Stock Performance

nCino stock traded down $0.25 during midday trading on Tuesday, reaching $30.18. 1,199,537 shares of the company traded hands, compared to its average volume of 689,158. The business has a 50 day moving average of $30.75 and a two-hundred day moving average of $30.70. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of -52.03, a price-to-earnings-growth ratio of 11.21 and a beta of 0.44. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.10 and a quick ratio of 1.10. nCino has a 12 month low of $21.26 and a 12 month high of $35.83.

Insider Buying and Selling

In other news, VP Jeanette Sellers sold 894 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $31.18, for a total value of $27,874.92. Following the transaction, the vice president now owns 20,770 shares in the company, valued at approximately $647,608.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other nCino news, VP Jeanette Sellers sold 894 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $31.18, for a total transaction of $27,874.92. Following the completion of the sale, the vice president now owns 20,770 shares of the company’s stock, valued at $647,608.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Matthew Royce Hansen sold 5,948 shares of the company’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $34.65, for a total value of $206,098.20. Following the completion of the sale, the insider now owns 228,514 shares of the company’s stock, valued at approximately $7,918,010.10. The disclosure for this sale can be found here. Insiders sold 32,935 shares of company stock valued at $1,069,845 over the last 90 days. Company insiders own 38.20% of the company’s stock.

Institutional Trading of nCino

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State of Wyoming boosted its stake in nCino by 56.8% in the 4th quarter. State of Wyoming now owns 1,350 shares of the company’s stock worth $36,000 after purchasing an additional 489 shares during the period. UBS Group AG boosted its position in shares of nCino by 218.7% during the third quarter. UBS Group AG now owns 1,807 shares of the company’s stock worth $62,000 after acquiring an additional 1,240 shares during the last quarter. Advisory Services Network LLC grew its stake in nCino by 41.7% during the first quarter. Advisory Services Network LLC now owns 5,545 shares of the company’s stock valued at $137,000 after acquiring an additional 1,633 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of nCino by 47.9% during the 1st quarter. Advisors Asset Management Inc. now owns 3,429 shares of the company’s stock valued at $141,000 after purchasing an additional 1,111 shares during the last quarter. Finally, MetLife Investment Management LLC purchased a new stake in shares of nCino during the 1st quarter worth approximately $149,000. Institutional investors own 95.37% 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, a secure cloud-based solution, which empowers bank employees and leaders with true insight into the bank through an end-to-end platform that spans business lines and combines customer relationship management, customer onboarding, account opening, loan origination, deposit accounts, workflow, credit analysis, enterprise content management, and instant reporting capabilities.