Fintel reports that on January 6, 2025, Barclays upgraded their outlook for nCino (NasdaqGS:NCNO) from Equal-Weight to Overweight.
Analyst Price Forecast Suggests 27.14% Upside
As of December 24, 2024, the average one-year price target for nCino is $43.32/share. The forecasts range from a low of $38.38 to a high of $47.25. The average price target represents an increase of 27.14% from its latest reported closing price of $34.07 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for nCino is 597MM, an increase of 14.18%. The projected annual non-GAAP EPS is 0.55, an increase of 1.17% from the prior forecast.
What is the Fund Sentiment?
There are 557 funds or institutions reporting positions in nCino. This is an increase of 54 owner(s) or 10.74% in the last quarter. Average portfolio weight of all funds dedicated to NCNO is -36.41%, an increase of 9,025.85%. Total shares owned by institutions increased in the last three months by 3.17% to 135,006K shares. 
The put/call ratio of NCNO is 0.17, indicating a bullish outlook.
What are Other Shareholders Doing?
Insight Holdings Group holds 16,013K shares representing 13.83% ownership of the company. In its prior filing, the firm reported owning 25,013K shares , representing a decrease of 56.20%. The firm decreased its portfolio allocation in NCNO by 19.37% over the last quarter.
HMI Capital Management holds 7,874K shares representing 6.80% ownership of the company. In its prior filing, the firm reported owning 7,398K shares , representing an increase of 6.04%. The firm increased its portfolio allocation in NCNO by 16.28% over the last quarter.
Kayne Anderson Rudnick Investment Management holds 7,405K shares representing 6.39% ownership of the company. In its prior filing, the firm reported owning 7,783K shares , representing a decrease of 5.10%. The firm decreased its portfolio allocation in NCNO by 13.58% over the last quarter.
PSGAX - Virtus KAR Small-Cap Growth Fund holds 3,931K shares representing 3.40% ownership of the company. In its prior filing, the firm reported owning 4,385K shares , representing a decrease of 11.55%. The firm decreased its portfolio allocation in NCNO by 12.89% over the last quarter.
Long Path Partners holds 3,721K shares representing 3.21% ownership of the company. In its prior filing, the firm reported owning 2,590K shares , representing an increase of 30.40%. The firm increased its portfolio allocation in NCNO by 18.11% over the last quarter.
Ncino Background Information
(This description is provided by the company.)
nCino is a financial technology company founded in 2011. It is headquartered in Wilmington, North Carolina. Their cloud-based banking software is built on the Salesforce platform for financial institutions to streamline commercial and retail banking needs.
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