nCino (NASDAQ:NCNO) Issues 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 FY 2025 guidance to 0.600-0.640 EPS.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Piper Sandler reaffirmed an overweight rating and issued a $42.00 price objective on shares of nCino in a research report on Wednesday. William Blair reissued an outperform rating on shares of nCino in a research report on Wednesday. Robert W. Baird raised their price objective on shares of nCino from $34.00 to $36.00 and gave the stock a neutral rating in a report on Wednesday. Needham & Company LLC increased their price target on shares of nCino from $40.00 to $42.00 and gave the stock a buy rating in a research report on Wednesday. Finally, Morgan Stanley lifted their target price on nCino from $27.00 to $30.00 and gave the company an equal weight rating in a research report on Wednesday. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $35.40.

nCino Trading Up 19.0 %

Shares of NASDAQ:NCNO opened at $35.90 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average price of $30.69 and a 200 day moving average price of $30.72. nCino has a 12 month low of $21.26 and a 12 month high of $36.65.

Insiders Place Their Bets

In related news, VP Jeanette Sellers sold 894 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $31.18, for a total value of $27,874.92. Following the completion of the sale, the vice president now owns 20,770 shares in the company, valued at $647,608.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $31.18, for a total value of $27,874.92. Following the completion of the transaction, the vice president now directly owns 20,770 shares in the company, valued at $647,608.60. The sale 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 firm’s stock in a transaction on 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 directly 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 a total of 32,935 shares of company stock valued at $1,069,845 over the last 90 days. Insiders own 38.20% of the company’s stock.

Institutional Trading of nCino

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of nCino by 32.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,324,045 shares of the company’s stock valued at $181,490,000 after purchasing an additional 1,808,829 shares during the period. Vanguard Group Inc. increased its stake in shares of nCino by 19.5% in the 3rd quarter. Vanguard Group Inc. now owns 6,996,554 shares of the company’s stock valued at $238,653,000 after purchasing an additional 1,143,370 shares in the last quarter. BlackRock Inc. increased its stake in shares of nCino by 0.6% in the 2nd quarter. BlackRock Inc. now owns 3,266,239 shares of the company’s stock valued at $98,379,000 after purchasing an additional 18,536 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in nCino by 0.7% in the 1st quarter. JPMorgan Chase & Co. now owns 2,211,199 shares of the company’s stock worth $54,793,000 after purchasing an additional 15,779 shares during the period. Finally, Wasatch Advisors LP boosted its position in nCino by 8.7% during the first quarter. Wasatch Advisors LP now owns 1,708,380 shares of the company’s stock worth $42,334,000 after purchasing an additional 136,659 shares in the last quarter. 94.76% of the stock is owned by institutional investors and hedge funds.

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.