nCino (NASDAQ:NCNO) Price Target Cut to $25.00 by Analysts at Needham & Company LLC

nCino (NASDAQ:NCNO) had its target price dropped by equities researchers at Needham & Company LLC from $38.00 to $25.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s target price would suggest a potential upside of 66.89% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley decreased 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. Barclays reduced their target price on nCino from $34.00 to $21.00 and set an “overweight” rating for the company in a research report on Tuesday, March 24th. UBS Group restated a “buy” rating and issued a $36.00 target price on shares of nCino in a research note on Tuesday, December 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of nCino in a report on Thursday, January 22nd. Finally, BTIG Research assumed coverage on nCino in a report on Tuesday, December 16th. They set a “neutral” rating for the company. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $28.07.

nCino Trading Up 3.9%

Shares of NCNO opened at $14.98 on Wednesday. nCino has a twelve month low of $13.80 and a twelve month high of $33.92. The stock has a market cap of $1.72 billion, a PE ratio of -83.22, a P/E/G ratio of 2.84 and a beta of 0.59. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.24. The business’s 50-day moving average price is $17.32 and its 200-day moving average price is $22.80.

nCino (NASDAQ:NCNO) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.16. The company had revenue of $149.67 million during the quarter, compared to analyst estimates of $147.41 million. nCino had a negative net margin of 3.71% and a positive return on equity of 2.28%. nCino’s revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business earned $0.12 earnings per share. On average, equities analysts forecast that nCino will post 0.12 EPS for the current fiscal year.

nCino declared that its Board of Directors has initiated a stock repurchase program on Monday, December 8th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to purchase up to 3.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In related news, CEO Sean Desmond sold 16,047 shares of the stock in a transaction 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 transaction, the chief executive officer owned 602,550 shares of the company’s stock, valued at $11,255,634. This represents a 2.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Pierre Naude sold 24,273 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The shares were 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 in the company, valued at $21,796,253.64. The trade was a 2.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 69,803 shares of company stock valued at $1,345,743 over the last quarter. Insiders own 5.70% of the company’s stock.

Institutional Trading of nCino

A number of hedge funds have recently bought and sold shares of the company. FNY Investment Advisers LLC grew its position in nCino by 15.9% during the fourth quarter. FNY Investment Advisers LLC now owns 3,228 shares of the company’s stock valued at $82,000 after acquiring an additional 444 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of nCino by 68.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,127 shares of the company’s stock valued at $32,000 after purchasing an additional 458 shares during the last quarter. US Bancorp DE raised its position in nCino by 1.6% in the 3rd quarter. US Bancorp DE now owns 32,042 shares of the company’s stock worth $869,000 after purchasing an additional 501 shares during the period. Farther Finance Advisors LLC lifted its stake in nCino by 186.4% in the third quarter. Farther Finance Advisors LLC now owns 948 shares of the company’s stock worth $26,000 after purchasing an additional 617 shares during the last quarter. Finally, Lecap Asset Management Ltd. boosted its position in nCino by 2.3% during the fourth quarter. Lecap Asset Management Ltd. now owns 31,163 shares of the company’s stock valued at $799,000 after buying an additional 691 shares during the period. Institutional investors own 94.76% of the company’s stock.

Trending Headlines about nCino

Here are the key news stories impacting nCino this week:

• Positive Sentiment: Q4 financial beat and upbeat metrics: nCino reported $0.37 EPS vs. $0.21 consensus and revenue of $149.7M vs. $147.4M est.; FY ACV rose to $602.4M (up 17% YoY) and ACV net retention was 112%, signaling healthy subscription momentum. Read More.
• Positive Sentiment: $100M accelerated share repurchase (ASR) announced — this reduces float and supports EPS over time, a clear near-term catalyst for the stock. Read More.
• Positive Sentiment: Street reaction / price moves: multiple outlets report a sharp intraday rally following results and guidance, reflecting investor enthusiasm for the beat and outlook. Read More.
• Neutral Sentiment: Investor materials and call: company slide deck and call transcript provide more color on product adoption and go-to-market; review the transcript/slides for management’s guidance detail and cadence for revenue/ACV growth. Read More.
• Neutral Sentiment: Coverage summaries and earnings snapshots from multiple outlets (Zacks, MarketBeat, local press) reiterate the beat and growing ARR-like metrics; useful for granular analyst-model inputs. Read More.
• Negative Sentiment: Analyst price-target trims: Morgan Stanley lowered its price target (and issued a cautious note), and Robert W. Baird also trimmed its target — these moves reduce near-term analyst support despite maintained positive ratings. Read More. | Read More.
• Negative Sentiment: Caveats remain: net margin is negative and the company still shows a modest overall net loss despite GAAP beats; investors should watch guidance cadence and margin improvement timelines. Read More.

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.