Needham & Company LLC Reiterates Buy Rating for nCino (NASDAQ:NCNO)

nCino (NASDAQ:NCNO)‘s stock had its “buy” rating reissued by research analysts at Needham & Company LLC in a report released on Wednesday, Marketbeat reports. They currently have a $25.00 price objective on the stock. Needham & Company LLC’s price target would suggest a potential upside of 20.13% from the stock’s previous close.

NCNO has been the subject of a number of other research reports. Wall Street Zen upgraded shares of nCino from a “hold” rating to a “buy” rating in a research note on Saturday. UBS Group set a $25.00 price objective on shares of nCino in a research note on Wednesday. Zacks Research cut shares of nCino from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Piper Sandler initiated coverage on shares of nCino in a research note on Monday. They set an “overweight” rating and a $25.00 target price for the company. Finally, The Goldman Sachs Group lowered their price target on nCino from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, nCino has an average rating of “Moderate Buy” and an average price target of $24.79.

nCino Stock Performance

Shares of nCino stock opened at $20.81 on Wednesday. The firm has a market capitalization of $2.28 billion, a P/E ratio of 173.42 and a beta of 0.66. nCino has a 52 week low of $13.80 and a 52 week high of $33.92. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.31. The firm’s 50 day moving average is $17.90 and its two-hundred day moving average is $16.87.

Insider Activity at nCino

In other nCino news, insider April Rieger sold 7,852 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $19.22, for a total transaction of $150,915.44. Following the sale, the insider directly owned 375,749 shares in the company, valued at approximately $7,221,895.78. The trade was a 2.05% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Gregory Orenstein sold 11,780 shares of nCino stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $19.22, for a total value of $226,411.60. Following the transaction, the chief financial officer directly owned 690,513 shares of the company’s stock, valued at $13,271,659.86. This trade represents a 1.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 83,350 shares of company stock worth $1,568,144. 1.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Farther Finance Advisors LLC raised its holdings in shares of nCino by 76.2% during the fourth quarter. Farther Finance Advisors LLC now owns 1,670 shares of the company’s stock valued at $43,000 after buying an additional 722 shares during the last quarter. Captrust Financial Advisors grew its holdings in nCino by 1.2% in the 3rd quarter. Captrust Financial Advisors now owns 62,747 shares of the company’s stock worth $1,701,000 after buying an additional 743 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in nCino by 14.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,958 shares of the company’s stock valued at $153,000 after acquiring an additional 765 shares during the period. CWM LLC increased its position in nCino by 255.8% in the 4th quarter. CWM LLC now owns 1,142 shares of the company’s stock valued at $29,000 after acquiring an additional 821 shares during the period. Finally, Quarry LP raised its stake in nCino by 138.2% during the 3rd quarter. Quarry LP now owns 1,701 shares of the company’s stock valued at $46,000 after acquiring an additional 987 shares in the last quarter. Hedge funds and other 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: nCino reported adjusted earnings of $0.30 per share, above the $0.28 consensus estimate and up from $0.22 a year earlier. Revenue reached approximately $161 million, increased 8.2% year over year, and exceeded analyst expectations. nCino Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management said early customers are using their initial credits for nCino’s agentic AI solutions and returning to purchase additional credits. This suggests growing customer engagement and potential recurring revenue opportunities for the company’s AI banking platform. Banks Double Down on nCino AI Agents
• Positive Sentiment: The board authorized an additional $100 million stock-repurchase program. Buybacks can support per-share results and signal that management believes the shares are attractively valued. nCino Reports Second Quarter Fiscal Year 2027 Financial Results
• Neutral Sentiment: Fiscal third-quarter revenue guidance of $161.3 million to $163.3 million and full-year revenue guidance of $644 million to $647 million are broadly consistent with analyst expectations, offering limited evidence of a major forecast upgrade. nCino Q2 2027 Earnings Call Transcript
• Negative Sentiment: One report showed GAAP EPS of $0.05, substantially below the $0.27 consensus estimate, despite the adjusted-earnings beat. The discrepancy may concern investors, particularly with NCNO trading at a high earnings multiple. nCino Earnings Report

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.