nCino (NASDAQ:NCNO) Releases FY25 Earnings Guidance

nCino (NASDAQ:NCNO) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.60-0.64 for the period, compared to the consensus earnings per share 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.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on NCNO shares. Truist Financial lowered their price objective on shares of nCino from $40.00 to $37.00 and set a buy rating on the stock in a research report on Thursday, November 30th. Robert W. Baird lifted their price target on nCino from $34.00 to $36.00 and gave the company a neutral rating in a report on Wednesday. Morgan Stanley increased their price objective on nCino from $27.00 to $30.00 and gave the stock an equal weight rating in a research note on Wednesday. William Blair reaffirmed an outperform rating on shares of nCino in a research note on Wednesday. Finally, Piper Sandler reissued an overweight rating and issued a $42.00 price target on shares of nCino 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. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $35.40.

nCino Price Performance

Shares of nCino stock opened at $37.38 on Friday. The stock has a 50-day simple moving average of $30.79 and a 200-day simple moving average of $30.77. nCino has a 52-week low of $21.26 and a 52-week high of $37.48. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 0.05.

Insider Activity at nCino

In other nCino news, CEO Pierre Naude sold 5,767 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $31.22, for a total value of $180,045.74. Following the completion of the sale, the chief executive officer now directly owns 1,024,253 shares of the company’s stock, valued at $31,977,178.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Gregory Orenstein sold 1,814 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $31.22, for a total transaction of $56,633.08. Following the transaction, the chief financial officer now owns 220,715 shares of the company’s stock, valued at approximately $6,890,722.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Pierre Naude sold 5,767 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $31.22, for a total value of $180,045.74. Following the completion of the sale, the chief executive officer now owns 1,024,253 shares of the company’s stock, valued at $31,977,178.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,935 shares of company stock valued at $1,069,845. 38.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On nCino

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Wyoming boosted its holdings in shares of nCino by 56.8% during the 4th quarter. State of Wyoming now owns 1,350 shares of the company’s stock worth $36,000 after buying an additional 489 shares during the period. UBS Group AG boosted its holdings in nCino by 218.7% during the third quarter. UBS Group AG now owns 1,807 shares of the company’s stock valued at $62,000 after acquiring an additional 1,240 shares during the period. Advisory Services Network LLC grew its position in shares of nCino by 41.7% in the first quarter. Advisory Services Network LLC now owns 5,545 shares of the company’s stock valued at $137,000 after purchasing an additional 1,633 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of nCino by 47.9% in the first quarter. Advisors Asset Management Inc. now owns 3,429 shares of the company’s stock worth $141,000 after purchasing an additional 1,111 shares during the period. Finally, MetLife Investment Management LLC bought a new position in shares of nCino in the first quarter worth about $149,000. Institutional investors and hedge funds own 94.76% 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.