Keefe, Bruyette & Woods Lowers nCino (NASDAQ:NCNO) Price Target to $24.00

nCino (NASDAQ:NCNO) had its price target lowered by analysts at Keefe, Bruyette & Woods from $36.00 to $24.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 42.78% from the company’s previous close.

Several other analysts have also commented on the stock. Zacks Research lowered shares of nCino from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Needham & Company LLC cut their target price on nCino from $38.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday. Stephens reduced their target price on nCino from $34.00 to $26.00 and set an “overweight” rating on the stock in a research report on Wednesday. Piper Sandler raised nCino from a “neutral” rating to an “overweight” rating and decreased their price target for the company from $30.00 to $22.00 in a research note on Wednesday. Finally, Barclays lowered their price target on nCino from $34.00 to $21.00 and set an “overweight” rating for the company in a report on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $26.00.

nCino Price Performance

NCNO traded up $1.83 during trading on Wednesday, reaching $16.81. The company’s stock had a trading volume of 6,541,743 shares, compared to its average volume of 2,331,390. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $17.32 and a two-hundred day simple moving average of $22.80. nCino has a 1 year low of $13.80 and a 1 year high of $33.92. The company has a market cap of $1.93 billion, a price-to-earnings ratio of -93.03, a PEG ratio of 2.84 and a beta of 0.59.

nCino (NASDAQ:NCNO) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.16. nCino had a positive return on equity of 2.28% and a negative net margin of 3.71%.The business had revenue of $149.67 million during the quarter, compared to analyst estimates of $147.41 million. During the same period in the prior year, the business earned $0.12 earnings per share. The business’s revenue was up 5.9% compared to the same quarter last year. As a group, analysts anticipate that nCino will post 0.12 EPS for the current year.

nCino declared that its Board of Directors has approved a share buyback program on Monday, December 8th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to purchase up to 3.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Transactions at nCino

In other news, CFO Gregory Orenstein sold 10,562 shares of the firm’s 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 sale, the chief financial officer directly owned 451,184 shares in the company, valued at approximately $8,428,117.12. This trade represents a 2.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider April Rieger sold 8,078 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $18.68, for a total value of $150,897.04. Following the transaction, the insider directly owned 221,696 shares of the company’s stock, valued at approximately $4,141,281.28. This represents a 3.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 69,803 shares of company stock valued at $1,345,743 over the last quarter. Insiders own 5.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Ranger Investment Management L.P. lifted its stake in shares of nCino by 48.2% during the 3rd quarter. Ranger Investment Management L.P. now owns 1,157,751 shares of the company’s stock worth $31,387,000 after purchasing an additional 376,506 shares during the period. Vanguard Group Inc. boosted its holdings in shares of nCino by 1.7% during the third quarter. Vanguard Group Inc. now owns 11,924,703 shares of the company’s stock worth $323,279,000 after purchasing an additional 201,499 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of nCino in the third quarter valued at $1,397,000. Cramer Rosenthal Mcglynn LLC grew its position in shares of nCino by 19.8% in the third quarter. Cramer Rosenthal Mcglynn LLC now owns 375,310 shares of the company’s stock valued at $10,175,000 after purchasing an additional 62,142 shares during the period. Finally, Shannon River Fund Management LLC increased its stake in nCino by 27.4% in the third quarter. Shannon River Fund Management LLC now owns 1,578,896 shares of the company’s stock valued at $42,804,000 after purchasing an additional 339,863 shares during the last quarter. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting nCino

Here are the key news stories impacting nCino this week:

• Positive Sentiment: Q4 beats and business momentum — nCino reported Q4 non‑GAAP EPS of $0.37 (well above consensus) and revenue of $149.7M, with ACV up ~17% YoY to $602.4M and a 112% ACV net retention rate. Those results and metrics are driving bullish investor reaction. GlobeNewswire: Q4 Results
• Positive Sentiment: Guidance and cash‑flow targets — Management outlined fiscal‑2027 free cash flow of $132M–$137M and is targeting ~10% ACV growth, giving a clearer path to profitability and cash generation that supports the rally. Seeking Alpha: FCF & ACV Guidance
• Positive Sentiment: $100M buyback announced — The company announced a $100M accelerated share repurchase (ASR), which is a shareholder‑friendly move likely supporting the share price. GlobeNewswire: ASR
• Neutral Sentiment: Upgrades despite lower targets — Piper Sandler upgraded NCNO from Neutral to Overweight (PT down to $22) and Stephens kept an Overweight rating while lowering its PT to $26; these signal continued institutional conviction but reflect tempered upside expectations. Benzinga: Analyst Moves
• Negative Sentiment: Widespread price‑target cuts — Multiple firms (Morgan Stanley, Robert W. Baird, Needham, Truist, Citizens JMP and others) slashed price targets — some sharply — which increases downward pressure and suggests analysts are re‑pricing growth/profitability assumptions despite the beat. Benzinga: Analysts Slash Forecasts
• Negative Sentiment: Some bearish research notes — At least one outlet published a pessimistic outlook on the stock post‑results (Morgan Stanley commentary covered by media), contributing to mixed sentiment and higher intraday volume. AmericanBankingNews: Morgan Stanley Forecast

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.