nCino (NASDAQ:NCNO) Lowered to “Hold” Rating by Zacks Research

Zacks Research lowered shares of nCino (NASDAQ:NCNO) from a strong-buy rating to a hold rating in a research report report published on Monday morning,Zacks.com reports.

Several other research firms also recently weighed in on NCNO. Keefe, Bruyette & Woods lifted their target price on shares of nCino from $34.50 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. William Blair upgraded shares of nCino from a “market perform” rating to an “outperform” rating in a research report on Friday, October 10th. Truist Financial cut their target price on shares of nCino from $32.00 to $27.00 and set a “hold” rating on the stock in a research note on Thursday, December 4th. BTIG Research initiated coverage on nCino in a research report on Tuesday, December 16th. They issued a “neutral” rating for the company. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of nCino in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $33.27.

nCino Trading Down 10.6%

Shares of NASDAQ:NCNO opened at $18.71 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of -103.94, a PEG ratio of 4.12 and a beta of 0.55. nCino has a 1-year low of $18.02 and a 1-year high of $34.55. The company has a 50 day moving average price of $24.56 and a 200 day moving average price of $26.54.

nCino (NASDAQ:NCNO) last posted its quarterly earnings results on Wednesday, December 3rd. The company reported $0.31 earnings per share (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 company had revenue of $152.16 million for the quarter, compared to analysts’ expectations of $147.31 million. During the same quarter in the prior year, the company earned $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, research analysts anticipate that nCino will post 0.12 EPS for the current fiscal year.

nCino announced that its Board of Directors has initiated 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 purchase up to 3.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other news, SVP Jeanette Sellers sold 1,507 shares of nCino stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $24.49, for a total transaction of $36,906.43. Following the completion of the sale, the senior vice president directly owned 46,731 shares in the company, valued at $1,144,442.19. The trade was a 3.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sean Desmond sold 7,331 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $24.51, for a total value of $179,682.81. Following the completion of the sale, the chief executive officer directly owned 618,597 shares of the company’s stock, valued at approximately $15,161,812.47. The trade was a 1.17% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 16,169 shares of company stock valued at $393,340. Insiders own 5.70% of the company’s stock.

Institutional Trading of nCino

Several large investors have recently added to or reduced their stakes in the business. NewEdge Wealth LLC bought a new position in shares of nCino during the 4th quarter valued at $1,651,000. Diversify Wealth Management LLC increased its position in nCino by 66.5% during the fourth quarter. Diversify Wealth Management LLC now owns 18,480 shares of the company’s stock worth $464,000 after buying an additional 7,380 shares during the last quarter. Truist Financial Corp raised its holdings in nCino by 25.5% during the fourth quarter. Truist Financial Corp now owns 22,706 shares of the company’s stock valued at $582,000 after buying an additional 4,612 shares in the last quarter. Conestoga Capital Advisors LLC lifted its position in shares of nCino by 25.7% in the fourth quarter. Conestoga Capital Advisors LLC now owns 2,861,024 shares of the company’s stock worth $73,357,000 after buying an additional 585,786 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in shares of nCino by 14.4% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 87,535 shares of the company’s stock worth $2,244,000 after acquiring an additional 11,022 shares in the last quarter. 94.76% of the stock is owned by institutional investors.

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.