nCino (NASDAQ:NCNO) Reaches New 12-Month Low – What’s Next?

nCino Inc. (NASDAQ:NCNO) shares reached a new 52-week low on Tuesday . The stock traded as low as $15.69 and last traded at $15.7790, with a volume of 275483 shares. The stock had previously closed at $16.14.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NCNO. Zacks Research cut shares of nCino from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Truist Financial reduced their target price on nCino from $32.00 to $27.00 and set a “hold” rating on the stock in a report on Thursday, December 4th. Stephens upgraded nCino from a “hold” rating to an “overweight” rating in a research note on Monday, October 27th. UBS Group restated a “buy” rating and set a $36.00 price objective on shares of nCino in a research report on Tuesday, December 9th. Finally, BTIG Research started coverage on nCino in a research note on Tuesday, December 16th. They issued a “neutral” rating on the stock. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $33.27.

nCino Price Performance

The stock has a market cap of $1.86 billion, a P/E ratio of -89.89, a price-to-earnings-growth ratio of 3.18 and a beta of 0.55. The business has a 50-day simple moving average of $23.29 and a 200 day simple moving average of $25.74. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.24.

nCino (NASDAQ:NCNO) last announced its earnings results on Wednesday, December 3rd. The company reported $0.31 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $147.31 million. During the same period in the prior year, the business posted $0.21 earnings per share. The firm’s 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. On average, analysts forecast that nCino Inc. will post 0.12 earnings per share for the current year.

nCino announced that its board has authorized a stock buyback program on Monday, December 8th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to repurchase up to 3.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at nCino

In related news, SVP Jeanette Sellers sold 2,182 shares of the business’s stock in a transaction 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 transaction, the senior vice president owned 43,219 shares in the company, valued at $789,178.94. The trade was a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Pierre Naude sold 24,273 shares of the stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $18.68, for a total value of $453,419.64. Following the sale, the director owned 1,166,823 shares of the company’s stock, valued at approximately $21,796,253.64. The trade was 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 78,641 shares of company stock valued at $1,559,400 over the last three months. 5.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On nCino

Hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC lifted its stake in nCino by 16.6% in 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 increased its stake in shares of nCino by 105.3% in the 1st quarter. Woodline Partners LP now owns 13,227 shares of the company’s stock valued at $363,000 after acquiring an additional 6,783 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position 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 valued at $7,731,000 after acquiring an additional 39,345 shares during the period. Janney Montgomery Scott LLC boosted its stake in nCino by 12.2% during the second quarter. Janney Montgomery Scott LLC now owns 10,199 shares of the company’s stock worth $285,000 after acquiring an additional 1,105 shares in the last quarter. Finally, TD Asset Management Inc boosted its stake in nCino by 0.5% during the second quarter. TD Asset Management Inc now owns 69,820 shares of the company’s stock worth $1,953,000 after acquiring an additional 340 shares in the last quarter. 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.