Truist Financial Boosts nCino (NASDAQ:NCNO) Price Target to $20.00

nCino (NASDAQ:NCNO) had its price target boosted by investment analysts at Truist Financial from $19.00 to $20.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s price objective indicates a potential downside of 5.77% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of nCino in a research note on Wednesday, June 24th. Piper Sandler began coverage on nCino in a report on Monday. They issued an “overweight” rating and a $25.00 target price on the stock. JPMorgan Chase & Co. increased their target price on shares of nCino from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Monday, June 22nd. UBS Group restated a “buy” rating on shares of nCino in a report on Wednesday. Finally, Morgan Stanley restated an “overweight” rating on shares of nCino in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $25.00.

nCino Trading Up 2.0%

NCNO traded up $0.41 during midday trading on Wednesday, hitting $21.23. 1,411,476 shares of the company were exchanged, compared to its average volume of 2,911,661. The firm has a market capitalization of $2.33 billion, a P/E ratio of 176.88 and a beta of 0.66. nCino has a 1-year low of $13.80 and a 1-year high of $33.92. The firm’s 50 day moving average price is $17.90 and its 200-day moving average price is $16.87. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.31.

Insiders Place Their Bets

In other nCino news, CFO Gregory Orenstein sold 11,780 shares of the business’s stock in a transaction that occurred 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 approximately $13,271,659.86. The trade was a 1.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Pierre Naude sold 4,677 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $19.22, for a total value of $89,891.94. Following the transaction, the director owned 1,116,707 shares in the company, valued at $21,463,108.54. The trade was a 0.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 83,350 shares of company stock valued at $1,568,144 in the last 90 days. Company insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of NCNO. BlackRock Inc. acquired a new stake in nCino in the second quarter worth $147,492,000. Bank of America Corp DE acquired a new position in shares of nCino during the second quarter valued at about $84,319,000. American Capital Management Inc. acquired a new position in shares of nCino during the second quarter valued at about $83,508,000. HMI Capital Management L.P. bought a new position in shares of nCino during the 2nd quarter worth about $81,598,000. Finally, Hawk Ridge Capital Management LP boosted its position in shares of nCino by 625.4% during the 1st quarter. Hawk Ridge Capital Management LP now owns 4,481,810 shares of the company’s stock worth $67,138,000 after purchasing an additional 3,864,010 shares in the last quarter. 94.76% of the stock is owned by institutional investors.

Trending Headlines about nCino

Here are the key news stories impacting nCino this week:

• Positive Sentiment: nCino reported second-quarter fiscal 2027 revenue of $161.0 million, up 8.2% year over year and above the roughly $159.1 million consensus estimate. Adjusted earnings of $0.30 per share also exceeded Zacks’ $0.28 estimate, compared with $0.22 a year earlier. nCino Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management said banks that initially adopted nCino’s agentic AI solutions have used their first allotments of credits and returned to purchase more, signaling growing customer engagement and potential recurring revenue from AI products. Banks Double Down on nCino AI Agents
• Positive Sentiment: nCino authorized an additional $100 million stock-repurchase program, which could support per-share results and signal management confidence in the company’s valuation and cash-generation outlook. nCino Reports Second Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: Citizens JMP raised its price target from $23 to $25 and upgraded or assigned a “market outperform” view. Needham reaffirmed its “buy” rating with a $25 target, implying roughly 20% upside from the referenced price. Analyst Ratings
• Neutral Sentiment: Fiscal third-quarter revenue guidance of $161.3 million to $163.3 million and fiscal-year guidance of $644.0 million to $647.0 million were broadly consistent with analyst expectations, offering limited evidence of a major forecast change.
• Neutral Sentiment: BTIG Research reaffirmed its “neutral” rating, highlighting that analyst opinion remains mixed despite the positive quarterly developments. BTIG Reiterates Neutral Rating
• Negative Sentiment: One earnings report showed GAAP EPS of $0.05, below the $0.27 consensus estimate and down from $0.22 a year earlier. The discrepancy with adjusted EPS reflects the importance of monitoring profitability and one-time items alongside revenue growth.

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.