Company: nCino, Inc

Quote: $NCNO

BT: $26.62

ST: $38 

Sharks Opinion: 

We are re-initiating a position in nCino (NCNO) following a noticeable uptick in trading volume after the company’s earnings report last week. We’ve traded NCNO successfully in the past, and the current setup closely mirrors last year’s pattern that preceded a profitable move.

Given the technical setup and volume dynamics, we’re viewing this as a short- to mid-term swing trade, with a planned exit ahead of the next earnings report to avoid event-driven risk. As always, we'll monitor for continuation confirmation and volume follow-through in the sessions ahead.

Description: 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 connects financial institution employees, clients and third parties on a single cloud-based platform which include client onboarding, deposit account opening, loan origination, end-to-end mortgage suite, and powerful ecosystem.