Keefe, Bruyette & Woods Has Lowered Expectations for nCino (NASDAQ:NCNO) Stock Price

nCino (NASDAQ:NCNO) had its target price reduced by analysts at Keefe, Bruyette & Woods from $36.00 to $24.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 40.35% from the company’s previous close.

Several other research firms have also recently weighed in on NCNO. JPMorgan Chase & Co. reduced their target price on shares of nCino from $30.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. BTIG Research started coverage on nCino in a research note on Tuesday, December 16th. They set a “neutral” rating on the stock. Zacks Research cut nCino from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Needham & Company LLC reduced their price objective on nCino from $38.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Stephens decreased their price objective on nCino from $34.00 to $26.00 and set an “overweight” rating on the stock in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $26.07.

nCino Trading Up 3.2%

Shares of NCNO stock opened at $17.10 on Wednesday. nCino has a 1 year low of $13.80 and a 1 year high of $33.92. The firm’s fifty day simple moving average is $17.05 and its 200 day simple moving average is $22.72. The firm has a market capitalization of $1.96 billion, a P/E ratio of 342.00, a price-to-earnings-growth ratio of 3.25 and a beta of 0.61. The company has a current ratio of 1.00, a quick ratio of 1.01 and a debt-to-equity ratio of 0.25.

nCino (NASDAQ:NCNO) last issued its quarterly earnings results 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. The firm had revenue of $149.67 million during the quarter, compared to the consensus estimate of $147.41 million. nCino had a net margin of 0.87% and a return on equity of 4.75%. The business’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.12 EPS. As a group, sell-side analysts predict that nCino will post 0.12 EPS for the current year.

nCino announced that its Board of Directors has authorized a stock repurchase plan on Monday, December 8th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 3.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other nCino news, insider April Rieger sold 8,078 shares of nCino 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 $150,897.04. Following the sale, the insider directly owned 221,696 shares of the company’s stock, valued at approximately $4,141,281.28. The trade was a 3.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Pierre Naude sold 24,273 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $18.68, for a total value of $453,419.64. Following the completion of the sale, the director owned 1,166,823 shares in the company, valued at approximately $21,796,253.64. This represents a 2.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 69,803 shares of company stock valued at $1,345,743 over the last 90 days. Company insiders own 5.70% of the company’s stock.

Institutional Trading of nCino

A number of large investors have recently bought and sold shares of NCNO. Ranger Investment Management L.P. increased its position in shares of nCino by 48.2% during the 3rd quarter. Ranger Investment Management L.P. now owns 1,157,751 shares of the company’s stock worth $31,387,000 after purchasing an additional 376,506 shares in the last quarter. Vanguard Group Inc. boosted its position in nCino by 1.7% in the third quarter. Vanguard Group Inc. now owns 11,924,703 shares of the company’s stock valued at $323,279,000 after buying an additional 201,499 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in nCino during the third quarter worth about $1,397,000. Cramer Rosenthal Mcglynn LLC grew its stake in nCino by 19.8% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 375,310 shares of the company’s stock worth $10,175,000 after buying an additional 62,142 shares during the last quarter. Finally, Shannon River Fund Management LLC increased its holdings in shares of nCino by 27.4% during the third quarter. Shannon River Fund Management LLC now owns 1,578,896 shares of the company’s stock worth $42,804,000 after buying an additional 339,863 shares in the last quarter. 94.76% of the stock is currently owned by institutional investors.

nCino News Summary

Here are the key news stories impacting nCino this week:

• Positive Sentiment: Q4 results beat expectations — non‑GAAP EPS $0.37 vs. ~$0.21 consensus and revenue $149.7M (y/y +5.9%). Management also provided conference materials and commentary that underpinned the beat. nCino (NCNO) Q4 2026 Earnings Call Transcript
• Positive Sentiment: Company guidance/targets for fiscal 2027: FCF $132M–$137M and a targeted ~10% ACV growth — gives investors a clearer path to cash flow improvement and subscription expansion. NCino outlines fiscal 2027 free cash flow of $132M-$137M while targeting 10% ACV growth
• Positive Sentiment: Analysts / market commentary point to product-led upside — firm notes AI adoption, platform pricing and new leadership as drivers that could lift margins and ARR/ACV momentum. NCNO Q4 Deep Dive: AI Adoption and Platform Pricing Drive Upside, New Leadership Announced
• Positive Sentiment: Catalyst from analyst support — Barclays and Piper Sandler issued overweight/upgrade actions (Barclays raised its PT to $22, Piper moved to overweight), lending institutional support to the beat-and-guide narrative. Barclays raises PT; Piper Sandler upgrade (Benzinga)
• Neutral Sentiment: Short‑term market reaction: NCNO has extended a multi‑day rally following the results and outlook; momentum may continue while investors digest guidance vs. long‑term margins. nCino (NCNO) Rallies 10.6% on Upbeat Growth Outlook
• Neutral Sentiment: Zacks highlights that the street’s average price target implies a large upside (~75%), but cautions that such averages can be volatile; use as a directional signal rather than a firm valuation. Wall Street Analysts Predict a 75.44% Upside in nCino (NCNO)
• Negative Sentiment: Several firms trimmed price targets and some forecasts after the print (Goldman, Keefe Bruyette, Needham, Stephens, Truist and others), which increases near‑term uncertainty around valuation and dampens conviction despite the beat. These Analysts Slash Their Forecasts On nCino Following Q4 Results (Benzinga)
• Negative Sentiment: Institutional caution from some shops — Morgan Stanley and Robert W. Baird issued pessimistic/less‑bullish notes, which could pressure performance if sentiment sours or execution slips. Morgan Stanley Issues Pessimistic Forecast for nCino

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.