nCino (NCNO) is expected to release results on Wednesday


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nCino (NASDAQ: NCNO) is expected to release its earnings data after the market closes on Wednesday, December 1. Analysts expect nCino to post earnings of ($ 0.14) per share for the quarter. Those interested in registering for the corporate earnings conference call can do so using this link.

nCino (NASDAQ: NCNO) last released its quarterly results on Tuesday, August 31. The company reported ($ 0.02) earnings per share for the quarter, beating analyst consensus estimates of ($ 0.06) by $ 0.04. The company posted revenue of $ 66.50 million for the quarter, compared to analysts’ expectations of $ 63.72 million. nCino recorded a negative return on equity of 8.95% and a negative net margin of 21.39%. The company’s quarterly revenue increased 36.3% year-over-year. On average, analysts expect nCino to post EPS of $ 1 for the current fiscal year and $ 0 EPS for the next fiscal year.

NCNO opened at $ 60.29 on Wednesday. The stock has a market cap of $ 5.80 billion, a P / E ratio of -115.94 and a beta of 0.98. The company has a debt to equity ratio of 0.04, a current ratio of 2.96 and a rapid ratio of 2.96. The stock’s 50-day simple moving average is $ 71.92 and its 200-day simple moving average is $ 65.89. nCino has a one-year minimum of $ 48.00 and a one-year maximum of $ 90.22.

A number of research companies have recently weighed in on NCNO. Piper Sandler raised her price target on nCino from $ 95.00 to $ 97.00 and rated the stock “overweight” in a report released Thursday, September 2. Zacks Investment Research upgraded nCino from a “sell” rating to a “custody” rating in a report released on Wednesday, August 4. Stephens launched coverage on nCino in a report on Thursday, November 18. They set an “overweight” rating and a target price of $ 80.00 for the stock. Barclays increased its price target on nCino from $ 75.00 to $ 78.00 and gave the company an “equal weight” rating in a report released on Thursday, September 2. Finally, Needham & Company LLC increased its price target on nCino from $ 80.00 to $ 85 and gave the company a “buy” rating in a report released on Thursday, September 2. Five equity research analysts rated the stock with a conservation rating and seven gave the stock a buy rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $ 79.63.

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In related news, insider Joshua L. Glover sold 20,000 shares in a trade on Monday, October 11. The stock was sold for an average price of $ 69.79, for a total value of $ 1,395,800.00. The sale was disclosed in a document filed with the SEC, accessible through the SEC’s website. In addition, director Jeffrey W. Lunsford sold 6,000 shares of the company in a transaction dated Friday, October 1. The shares were sold for an average price of $ 71.25, for a total value of $ 427,500.00. Disclosure of this sale can be found here. Insiders have sold a total of 195,214 shares of the company valued at $ 14,529,809 in the past ninety days. Company insiders own 35.40% of the company’s shares.

Several institutional investors have recently changed their positions in NCNO. Janus Henderson Group PLC acquired a new equity interest in nCino during the third quarter valued at approximately $ 207,000. LPL Financial LLC acquired a new equity interest in nCino during the third quarter valued at approximately $ 389,000. UBS Group AG increased its stake in nCino shares by 50.3% during the third quarter. UBS Group AG now owns 9,456 shares of the company valued at $ 672,000 after acquiring an additional 3,163 shares in the last quarter. Finally, Morgan Stanley increased its stake in nCino shares by 102.8% during the second quarter. Morgan Stanley now owns 439,153 shares of the company valued at $ 26,313,000 after acquiring 222,582 additional shares in the last quarter. Institutional investors hold 90.46% of the shares of the company.

NCino Company Profile

nCino, Inc, a software as a service company, provides cloud-based software applications for financial institutions in the United States and around the world. Its nCino Bank operating system, a tenant cloud platform, which digitizes, automates and streamlines complex processes and workflows; and uses data analytics, artificial intelligence and machine learning (AI / ML) to enable financial institutions to welcome new customers, grant loans and manage the entire lifecycle of loans, open deposit and other accounts and manage regulatory compliance.

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Earnings History for nCino (NASDAQ: NCNO)

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