nCino Inc. (NASDAQ:NCNO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

nCino Inc. (NASDAQ:NCNO) has earned an average recommendation of “Moderate Buy” from the twenty-one brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, nine have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $33.2667.

Several brokerages recently issued reports on NCNO. Barclays decreased their target price on nCino from $37.00 to $34.00 and set an “overweight” rating on the stock in a research note on Monday, January 5th. UBS Group reiterated a “buy” rating and set a $36.00 price objective on shares of nCino in a research report on Tuesday, December 9th. Truist Financial dropped their target price on shares of nCino from $32.00 to $27.00 and set a “hold” rating for the company in a research report on Thursday, December 4th. Piper Sandler cut their target price on shares of nCino from $34.00 to $30.00 and set a “neutral” rating for the company in a research note on Thursday, December 4th. Finally, BTIG Research initiated coverage on shares of nCino in a research note on Tuesday, December 16th. They issued a “neutral” rating on the stock.

nCino Price Performance

Shares of nCino stock opened at $21.35 on Friday. The stock has a market cap of $2.45 billion, a P/E ratio of -118.61, a P/E/G ratio of 5.59 and a beta of 0.55. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.01 and a current ratio of 1.01. The stock’s fifty day moving average is $24.74 and its 200 day moving average is $26.74. nCino has a one year low of $18.75 and a one year high of $35.04.

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

nCino announced that its Board of Directors has initiated a stock buyback program on Monday, December 8th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 3.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other news, SVP Jeanette Sellers sold 1,507 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $24.49, for a total transaction of $36,906.43. Following the sale, the senior vice president directly owned 46,731 shares of the company’s stock, valued at $1,144,442.19. This represents a 3.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Gregory Orenstein sold 4,353 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $25.81, for a total transaction of $112,350.93. Following the completion of the transaction, the chief financial officer directly owned 461,746 shares of the company’s stock, valued at approximately $11,917,664.26. This trade represents a 0.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 40,780 shares of company stock valued at $1,028,550 in the last ninety days. Company insiders own 5.70% of the company’s stock.

Institutional Trading of nCino

A number of large investors have recently made changes to their positions in NCNO. Bank of America Corp DE grew its holdings in shares of nCino by 475.1% in the third quarter. Bank of America Corp DE now owns 2,513,686 shares of the company’s stock worth $68,146,000 after purchasing an additional 2,076,579 shares during the last quarter. Long Path Partners LP boosted its position in nCino by 61.1% in the 2nd quarter. Long Path Partners LP now owns 4,787,869 shares of the company’s stock valued at $133,917,000 after buying an additional 1,815,868 shares during the period. Spyglass Capital Management LLC bought a new position in nCino in the 2nd quarter worth about $44,190,000. Wellington Management Group LLP bought a new position in nCino in the 3rd quarter worth about $36,962,000. Finally, Owls Nest Partners IA LLC purchased a new position in shares of nCino during the second quarter worth approximately $33,442,000. 94.76% of the stock is currently owned by institutional investors.

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.