nCino Inc. (NASDAQ:NCNO) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of nCino Inc. (NASDAQ:NCNO) have been assigned a consensus rating of “Moderate Buy” from the twenty research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $32.3333.

NCNO has been the subject of a number of research reports. Barclays reduced their target price on shares of nCino from $37.00 to $34.00 and set an “overweight” rating for the company in a report on Monday, January 5th. Truist Financial cut their price objective on nCino from $32.00 to $27.00 and set a “hold” rating for the company in a research report on Thursday, December 4th. JPMorgan Chase & Co. decreased their target price on nCino from $30.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Zacks Research lowered nCino from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Finally, Piper Sandler decreased their price target on nCino from $34.00 to $30.00 and set a “neutral” rating for the company in a research report on Thursday, December 4th.

nCino Trading Up 4.9%

Shares of nCino stock opened at $15.36 on Wednesday. The business has a fifty day simple moving average of $22.15 and a 200-day simple moving average of $25.26. nCino has a fifty-two week low of $13.80 and a fifty-two week high of $33.92. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of -85.33, a price-to-earnings-growth ratio of 2.89 and a beta of 0.55. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.24.

nCino (NASDAQ:NCNO) last issued its quarterly earnings results on Wednesday, December 3rd. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.20 by $0.11. nCino had a negative net margin of 3.71% and a positive return on equity of 2.28%. The firm had revenue of $152.16 million for the quarter, compared to analysts’ expectations of $147.31 million. During the same period in the previous year, the business earned $0.21 earnings per share. nCino’s revenue for the quarter was up 9.6% compared to the same quarter last year. 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 analysts forecast that nCino will post 0.12 EPS for the current fiscal year.

nCino announced that its board has approved a share repurchase plan on Monday, December 8th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to purchase up to 3.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In related news, SVP Jeanette Sellers sold 2,182 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $18.26, for a total value of $39,843.32. Following the completion of the sale, the senior vice president owned 43,219 shares in the company, valued at approximately $789,178.94. This represents a 4.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Pierre Naude sold 24,273 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $18.68, for a total transaction of $453,419.64. Following the completion of the transaction, the director directly owned 1,166,823 shares of the company’s stock, valued at $21,796,253.64. This represents a 2.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 78,641 shares of company stock valued at $1,559,400. Company insiders own 5.70% of the company’s stock.

Institutional Trading of nCino

Large investors have recently added to or reduced their stakes in the company. Invesco Ltd. boosted its position in shares of nCino by 13.6% in the fourth quarter. Invesco Ltd. now owns 168,339 shares of the company’s stock worth $4,316,000 after buying an additional 20,102 shares during the period. XTX Topco Ltd raised its position in nCino by 68.1% during the fourth quarter. XTX Topco Ltd now owns 82,508 shares of the company’s stock valued at $2,116,000 after buying an additional 33,418 shares during the period. Voloridge Investment Management LLC lifted its stake in nCino by 92.6% in the 4th quarter. Voloridge Investment Management LLC now owns 474,970 shares of the company’s stock worth $12,178,000 after acquiring an additional 228,301 shares in the last quarter. Wellington Management Group LLP boosted its position in nCino by 2.9% during the 4th quarter. Wellington Management Group LLP now owns 1,402,586 shares of the company’s stock worth $35,962,000 after acquiring an additional 39,196 shares during the period. Finally, Spyglass Capital Management LLC grew its stake in nCino by 35.4% during the 4th quarter. Spyglass Capital Management LLC now owns 2,909,880 shares of the company’s stock valued at $74,609,000 after acquiring an additional 760,790 shares in the last quarter. 94.76% of the stock is owned by institutional investors and hedge funds.

nCino Company Profile

nCino, Inc provides a cloud-based banking operating system designed to modernize and streamline processes for financial institutions. Built on a software-as-a-service (SaaS) model, the nCino Bank Operating System integrates key banking functions into a unified platform, enabling banks and credit unions to enhance efficiency, reduce risk and improve customer experiences.

Founded in 2012 as a spinoff from Live Oak Bank, nCino launched its flagship offering to address the needs of commercial and retail lenders seeking to replace legacy systems.