Truist Financial Cuts nCino (NASDAQ:NCNO) Price Target to $27.00

nCino (NASDAQ:NCNO) had its target price decreased by Truist Financial from $32.00 to $27.00 in a research report report published on Thursday morning, MarketBeat.com reports. Truist Financial currently has a hold rating on the stock.

A number of other analysts also recently issued reports on the stock. Citigroup reiterated an “outperform” rating on shares of nCino in a report on Wednesday, August 27th. Morgan Stanley boosted their price target on shares of nCino from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 27th. Keefe, Bruyette & Woods increased their price objective on shares of nCino from $34.50 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday. Stephens upgraded nCino from a “hold” rating to an “overweight” rating in a report on Monday, October 27th. Finally, UBS Group reiterated a “neutral” rating on shares of nCino in a report on Wednesday, August 27th. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $32.93.

nCino Stock Down 3.9%

nCino stock opened at $23.39 on Thursday. The stock has a market capitalization of $2.68 billion, a PE ratio of -129.94, a price-to-earnings-growth ratio of 14.73 and a beta of 0.53. nCino has a twelve month low of $18.75 and a twelve month high of $37.93. The company has a quick ratio of 1.03, a current ratio of 1.01 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average of $25.41 and a 200-day moving average of $27.45.

nCino (NASDAQ:NCNO) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.11. The business had revenue of $152.16 million for the quarter, compared to analyst estimates of $147.31 million. nCino had a negative net margin of 3.71% and a positive return on equity of 2.28%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the business posted $0.21 earnings per share. nCino has set its FY 2026 guidance at 0.900-0.910 EPS and its Q4 2026 guidance at 0.210-0.220 EPS. On average, equities research analysts anticipate that nCino will post 0.12 EPS for the current fiscal year.

Insider Buying and Selling at nCino

In other nCino news, Director Jeff Horing sold 3,889,254 shares of nCino stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $30.00, for a total value of $116,677,620.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Pierre Naude sold 4,881 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $25.81, for a total transaction of $125,978.61. Following the completion of the sale, the director directly owned 1,187,580 shares of the company’s stock, valued at $30,651,439.80. This represents a 0.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,913,865 shares of company stock valued at $117,312,830 in the last quarter. Company insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On nCino

A number of large investors have recently added to or reduced their stakes in NCNO. Farther Finance Advisors LLC raised its holdings in nCino by 186.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 948 shares of the company’s stock valued at $26,000 after acquiring an additional 617 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of nCino by 68.5% in the second quarter. Advisors Asset Management Inc. now owns 1,127 shares of the company’s stock worth $32,000 after purchasing an additional 458 shares during the period. AlphaQuest LLC raised its stake in nCino by 5,022.2% in the third quarter. AlphaQuest LLC now owns 1,383 shares of the company’s stock valued at $37,000 after purchasing an additional 1,356 shares in the last quarter. Hilltop National Bank acquired a new position in nCino in the second quarter valued at about $42,000. Finally, Quarry LP grew its stake in nCino by 138.2% during the third quarter. Quarry LP now owns 1,701 shares of the company’s stock worth $46,000 after buying an additional 987 shares in the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

nCino Company Profile

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.