Robert W. Baird Cuts nCino (NASDAQ:NCNO) Price Target to $24.00

nCino (NASDAQ:NCNO) had its target price lowered by Robert W. Baird from $34.00 to $24.00 in a research report released on Tuesday,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other analysts have also recently issued reports on the company. Barclays cut their price objective on nCino from $34.00 to $21.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 24th. Needham & Company LLC reiterated a “buy” rating and issued a $38.00 target price on shares of nCino in a research report on Thursday, December 4th. JPMorgan Chase & Co. lowered their price target on nCino from $30.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Truist Financial dropped their price target on nCino from $32.00 to $27.00 and set a “hold” rating on the stock in a research report on Thursday, December 4th. Finally, Morgan Stanley reduced their price objective on nCino from $36.00 to $21.00 and set an “overweight” rating on the stock in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, nCino currently has a consensus rating of “Moderate Buy” and an average target price of $26.07.

nCino Price Performance

Shares of NCNO stock opened at $17.10 on Tuesday. The firm has a fifty day moving average of $17.05 and a two-hundred day moving average of $22.72. The firm has a market cap of $1.96 billion, a P/E ratio of 342.00, a P/E/G ratio of 3.25 and a beta of 0.61. nCino has a 1-year low of $13.80 and a 1-year high of $33.92. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.00 and a quick ratio of 1.01.

nCino (NASDAQ:NCNO) last issued its earnings results on Tuesday, March 31st. The company reported $0.37 earnings per share (EPS) 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 business had revenue of $149.67 million for the quarter, compared to analyst estimates of $147.41 million. During the same quarter in the prior year, the business posted $0.12 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, research analysts anticipate that nCino will post 0.12 earnings per share for the current fiscal year.

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

Insider Activity at nCino

In related news, CFO Gregory Orenstein sold 10,562 shares of the firm’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 $197,298.16. Following the sale, the chief financial officer owned 451,184 shares of the company’s stock, valued at approximately $8,428,117.12. This trade represents a 2.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider April Rieger sold 8,078 shares of the business’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 $150,897.04. Following the transaction, the insider owned 221,696 shares of the company’s stock, valued at $4,141,281.28. This represents a 3.52% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 69,803 shares of company stock valued at $1,345,743. 5.70% of the stock is owned by insiders.

Institutional Investors Weigh In On nCino

Large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its stake in nCino by 475.1% in the third quarter. Bank of America Corp DE now owns 2,513,686 shares of the company’s stock valued at $68,146,000 after buying an additional 2,076,579 shares during the last quarter. Long Path Partners LP grew its position in shares of nCino by 61.1% during the second quarter. Long Path Partners LP now owns 4,787,869 shares of the company’s stock worth $133,917,000 after acquiring an additional 1,815,868 shares during the last quarter. Millennium Management LLC grew its position in shares of nCino by 262.8% during the fourth quarter. Millennium Management LLC now owns 2,341,532 shares of the company’s stock worth $60,037,000 after acquiring an additional 1,696,051 shares during the last quarter. Senvest Management LLC increased its holdings in shares of nCino by 68.6% in the 4th quarter. Senvest Management LLC now owns 4,078,276 shares of the company’s stock worth $104,567,000 after acquiring an additional 1,658,868 shares during the period. Finally, Wellington Management Group LLP bought a new stake in nCino in the 3rd quarter valued at about $36,962,000. 94.76% of the stock is owned by institutional investors and hedge funds.

nCino News Roundup

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

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.