nCino (NCNO) Receives a Rating Update from a Top Analyst

Raymond James analyst Brian Peterson maintained a Hold rating on nCino (NCNOResearch Report) today. The company’s shares closed last Wednesday at $67.67.

According to TipRanks.com, Peterson is a top 100 analyst with an average return of 32.0% and a 73.9% success rate. Peterson covers the Technology sector, focusing on stocks such as Duck Creek Technologies, Qualtrics International, and ZoomInfo Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for nCino with a $83.00 average price target.

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The company has a one-year high of $103.95 and a one-year low of $48.00. Currently, nCino has an average volume of 811.1K.

Based on the recent corporate insider activity of 98 insiders, corporate insider sentiment is neutral on the stock.

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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.