Barclays Keeps Their Hold Rating on nCino (NCNO)

Barclays analyst Saket Kalia maintained a Hold rating on nCino (NCNO – Research Report) today and set a price target of $34.00. The company’s shares closed yesterday at $30.18.

Kalia covers the Technology sector, focusing on stocks such as Adobe, Autodesk, and Palo Alto Networks. According to TipRanks, Kalia has an average return of 16.0% and a 62.04% success rate on recommended stocks.

In addition to Barclays, nCino also received a Hold from Morgan Stanley’s James Faucette in a report issued on March 15. However, on March 19, Truist Financial maintained a Buy rating on nCino (NASDAQ: NCNO).

The company has a one-year high of $35.83 and a one-year low of $21.26. Currently, nCino has an average volume of 688K.

Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NCNO in relation to earlier this year. Earlier this month, Sean Desmond, the Chief Customer Success Officer of NCNO bought 10,500.00 shares for a total of $52,290.00.

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nCino (NCNO) Company Description:

Ncino Inc is a provider of cloud based software for financial institutions. Its software solution digitizes, automates and streamlines inefficient and complex processes and workflow and utilizes data analytics and artificial intelligence that enables financial institutions to more effectively onboard new clients, make loans and manage the entire loan life cycle, open deposit and other accounts and manage regulatory compliance. The company caters to global financial institutions, enterprise banks, regional banks, community banks, and credit unions.