JPMorgan Chase & Co. Cuts nCino (NASDAQ:NCNO) Price Target to $16.00

nCino (NASDAQ:NCNO) had its price objective decreased by JPMorgan Chase & Co. from $30.00 to $16.00 in a research note released on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Other equities analysts also recently issued research reports about the company. Needham & Company LLC restated a “buy” rating and issued a $38.00 target price on shares of nCino in a research report on Thursday, December 4th. Barclays lowered their target price on shares of nCino from $37.00 to $34.00 and set an “overweight” rating on the stock in a research note on Monday, January 5th. Keefe, Bruyette & Woods increased their target price on shares of nCino from $34.50 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, December 4th. Truist Financial lowered their price target on shares of nCino from $32.00 to $27.00 and set a “hold” rating on the stock in a research report on Thursday, December 4th. Finally, Stephens raised shares of nCino from a “hold” rating to an “overweight” rating in a research note on Monday, October 27th. One 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $32.33.

nCino Stock Down 2.4%

nCino stock opened at $15.62 on Wednesday. The business’s 50-day simple moving average is $22.53 and its two-hundred day simple moving average is $25.44. 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 company has a market cap of $1.79 billion, a PE ratio of -86.78, a PEG ratio of 3.15 and a beta of 0.55. nCino has a fifty-two week low of $15.59 and a fifty-two week high of $33.92.

nCino (NASDAQ:NCNO) last issued its quarterly earnings data 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. The business had revenue of $152.16 million during the quarter, compared to analysts’ expectations of $147.31 million. nCino had a positive return on equity of 2.28% and a negative net margin of 3.71%.The company’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 EPS. nCino has set its FY 2026 guidance at 0.900-0.910 EPS and its Q4 2026 guidance at 0.210-0.220 EPS. Equities analysts anticipate that nCino will post 0.12 EPS for the current year.

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

Insider Transactions at nCino

In other nCino news, CFO Gregory Orenstein sold 10,562 shares of nCino stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $18.68, for a total value of $197,298.16. Following the completion of the sale, the chief financial officer directly owned 451,184 shares of the company’s stock, valued at approximately $8,428,117.12. The trade was a 2.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jeanette Sellers sold 2,182 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $18.26, for a total value of $39,843.32. Following the completion of the sale, the senior vice president directly owned 43,219 shares of the company’s stock, valued at $789,178.94. This trade represents a 4.81% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 78,641 shares of company stock worth $1,559,400. 5.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On nCino

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. TD Asset Management Inc raised its position in nCino by 0.5% during the second quarter. TD Asset Management Inc now owns 69,820 shares of the company’s stock valued at $1,953,000 after purchasing an additional 340 shares in the last quarter. FNY Investment Advisers LLC increased its position in shares of nCino by 15.9% during the 4th quarter. FNY Investment Advisers LLC now owns 3,228 shares of the company’s stock valued at $82,000 after purchasing an additional 444 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of nCino by 68.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,127 shares of the company’s stock valued at $32,000 after buying an additional 458 shares in the last quarter. US Bancorp DE lifted its position in nCino by 1.6% in the 3rd quarter. US Bancorp DE now owns 32,042 shares of the company’s stock worth $869,000 after buying an additional 501 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in nCino by 15.2% in the 2nd quarter. Asset Management One Co. Ltd. now owns 4,284 shares of the company’s stock worth $120,000 after buying an additional 566 shares during the last quarter. Institutional investors own 94.76% of the company’s stock.

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.