Analysts Set nCino Inc. (NASDAQ:NCNO) Target Price at $33.47

Shares of nCino Inc. (NASDAQ:NCNO) have been given a consensus recommendation of “Moderate Buy” by the twenty-one research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $33.4667.

A number of research analysts have recently issued reports on the company. Citigroup reaffirmed an “outperform” rating on shares of nCino in a research note on Wednesday, August 27th. Needham & Company LLC restated a “buy” rating and set a $38.00 price target on shares of nCino in a research report on Thursday, December 4th. Truist Financial decreased their price target on nCino from $32.00 to $27.00 and set a “hold” rating on the stock in a research note on Thursday, December 4th. Bank of America increased their price objective on nCino from $34.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, August 27th. Finally, Robert W. Baird raised their target price on shares of nCino from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, August 27th.

nCino Stock Performance

Shares of NASDAQ NCNO opened at $25.47 on Friday. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of -141.50, a P/E/G ratio of 7.28 and a beta of 0.53. 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 has a 1-year low of $18.75 and a 1-year high of $36.65. The stock’s 50-day moving average is $25.28 and its 200 day moving average is $27.42.

nCino (NASDAQ:NCNO) last announced its quarterly earnings data on Wednesday, December 3rd. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.11. nCino had a negative net margin of 3.71% and a positive return on equity of 2.28%. The firm had revenue of $152.16 million during the quarter, compared to analyst estimates of $147.31 million. During the same period in the previous year, the business posted $0.21 EPS. 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. On average, sell-side analysts anticipate that nCino will post 0.12 EPS for the current fiscal year.

nCino announced that its Board of Directors has initiated a share repurchase program on Monday, December 8th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 3.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In related news, CEO Sean Desmond sold 10,006 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $25.81, for a total value of $258,254.86. Following the sale, the chief executive officer directly owned 618,597 shares of the company’s stock, valued at $15,965,988.57. This trade represents a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider April Rieger sold 4,731 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $25.81, for a total value of $122,107.11. Following the transaction, the insider owned 229,774 shares in the company, valued at approximately $5,930,466.94. This represents a 2.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 31,942 shares of company stock worth $811,960 over the last ninety days. 5.70% of the stock is owned by insiders.

Institutional Investors Weigh In On nCino

A number of large investors have recently made changes to their positions in the business. Bank of America Corp DE raised its holdings in shares of nCino by 475.1% during 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 acquiring an additional 2,076,579 shares in the last quarter. Long Path Partners LP increased its position in nCino by 61.1% during the 2nd quarter. Long Path Partners LP now owns 4,787,869 shares of the company’s stock valued at $133,917,000 after purchasing an additional 1,815,868 shares during the period. T. Rowe Price Investment Management Inc. increased its position in nCino by 50.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,867,463 shares of the company’s stock valued at $133,710,000 after purchasing an additional 1,626,446 shares during the period. Spyglass Capital Management LLC bought a new position in nCino in the 2nd quarter worth $44,190,000. Finally, Wellington Management Group LLP purchased a new stake in shares of nCino in the 3rd quarter worth about $36,962,000. 94.76% of the stock is currently owned by institutional investors.

About nCino

nCino, Inc, a software-as-a-service company, provides cloud-based software applications to financial institutions in the United States and internationally. Its nCino Bank Operating System connects financial institution employees, clients and third parties on a single cloud-based platform which include client onboarding, deposit account opening, loan origination, end-to-end mortgage suite, and powerful ecosystem.