Robert W. Baird Has Lowered Expectations for nCino (NASDAQ:NCNO) Stock Price

nCino (NASDAQ:NCNO) had its target price decreased by Robert W. Baird from $34.00 to $24.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price target would suggest a potential upside of 44.84% from the company’s previous close.

NCNO has been the topic of several other research reports. BTIG Research assumed coverage on nCino in a research note on Tuesday, December 16th. They set a “neutral” rating on the stock. Barclays reduced their price objective on nCino from $34.00 to $21.00 and set an “overweight” rating for the company in a research note on Tuesday, March 24th. JPMorgan Chase & Co. decreased their target price on nCino from $30.00 to $16.00 and set a “neutral” rating for the company 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, Morgan Stanley cut their price target on shares of nCino from $36.00 to $21.00 and set an “overweight” rating on the stock in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.07.

nCino Trading Up 10.6%

NASDAQ NCNO opened at $16.57 on Tuesday. nCino has a 12-month low of $13.80 and a 12-month high of $33.92. The company has a fifty day simple moving average of $17.19 and a two-hundred day simple moving average of $22.76. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.24. The stock has a market cap of $1.90 billion, a P/E ratio of 331.40, a P/E/G ratio of 2.94 and a beta of 0.61.

nCino (NASDAQ:NCNO) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.16. nCino had a net margin of 0.87% and a return on equity of 4.75%. The firm had revenue of $149.67 million for the quarter, compared to analyst estimates of $147.41 million. During the same period in the previous year, the company earned $0.12 earnings per share. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, analysts forecast that nCino will post 0.12 earnings per share for the current year.

nCino declared that its board has authorized a share buyback plan on Monday, December 8th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to buy up to 3.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Insider Transactions at nCino

In other nCino news, CEO Sean Desmond sold 16,047 shares of the business’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 value of $299,757.96. Following the completion of the transaction, the chief executive officer directly owned 602,550 shares of the company’s stock, valued at approximately $11,255,634. The trade was a 2.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jeanette Sellers sold 2,182 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was 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 disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 69,803 shares of company stock valued at $1,345,743. 5.70% of the stock is owned by insiders.

Hedge Funds Weigh In On nCino

Large investors have recently made changes to their positions in the company. Millennium Management LLC grew its position in nCino by 16.6% during the first quarter. Millennium Management LLC now owns 303,853 shares of the company’s stock valued at $8,347,000 after buying an additional 43,247 shares during the period. Woodline Partners LP raised its position in shares of nCino by 105.3% in the first quarter. Woodline Partners LP now owns 13,227 shares of the company’s stock worth $363,000 after acquiring an additional 6,783 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of nCino by 16.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 281,435 shares of the company’s stock worth $7,731,000 after acquiring an additional 39,345 shares in the last quarter. Creative Planning acquired a new stake in shares of nCino during the 2nd quarter valued at about $568,000. Finally, Swiss National Bank grew its position in shares of nCino by 5.0% during the 2nd quarter. Swiss National Bank now owns 200,200 shares of the company’s stock valued at $5,600,000 after acquiring an additional 9,600 shares during the period. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting nCino

Here are the key news stories impacting nCino this week:

• Positive Sentiment: Q4 results beat consensus — non‑GAAP EPS $0.37 vs $0.21 est and revenue $149.7M vs $147.4M; ACV grew 17% to $602.4M with a 112% ACV net retention rate, showing healthy subscription growth. GlobeNewswire release
• Positive Sentiment: Board authorized a $100M accelerated share repurchase program, which supports near‑term EPS and return of capital to shareholders. GlobeNewswire release
• Positive Sentiment: Management set fiscal 2027 free cash flow guidance ($132M–$137M) and is targeting ~10% ACV growth, giving a clearer path to cash generation and margin improvement. Seeking Alpha
• Neutral Sentiment: Analysts reacted across the board: some firms upgraded (Barclays, Piper Sandler) or kept favorable ratings, while others trimmed price targets — the mixed responses leave near‑term sentiment supportive but consensus valuations lower. Benzinga roundup
• Neutral Sentiment: Earnings call emphasized AI platform integration and ACV momentum — constructive for product positioning but requires execution to translate into sustained margin expansion. Earnings call transcript/highlights
• Negative Sentiment: Several institutions slashed price targets (Goldman, Keefe, Stephens, Baird, Truist, Needham among others) after the report — that indicates analysts reduced medium/longer‑term expectations and could cap upside until guidance proves durable. Benzinga: analysts slash forecasts
• Negative Sentiment: Profitability remains a concern (negative net margin and a negative PE), and some firms (e.g., Morgan Stanley) issued cautious outlooks — investors may wait for sustained margin improvement and FCF delivery before re‑rating the stock materially higher. MarketBeat earnings summary

About nCino

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.