The Goldman Sachs Group Issues Pessimistic Forecast for nCino (NASDAQ:NCNO) Stock Price

nCino (NASDAQ:NCNO) had its target price reduced by stock analysts at The Goldman Sachs Group from $28.00 to $24.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective points to a potential upside of 42.16% from the stock’s previous close.

Several other research analysts have also recently issued reports on NCNO. UBS Group restated a “buy” rating and issued a $36.00 target price on shares of nCino in a report on Tuesday, December 9th. Truist Financial lowered their price target on shares of nCino from $27.00 to $19.00 and set a “hold” rating for the company in a report on Wednesday. Piper Sandler raised shares of nCino from a “neutral” rating to an “overweight” rating and dropped their price target for the company from $30.00 to $22.00 in a research report on Wednesday. Zacks Research cut shares of nCino from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Finally, Needham & Company LLC lowered their price objective on shares of nCino from $38.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.00.

nCino Trading Up 12.7%

Shares of NASDAQ NCNO traded up $1.90 during midday trading on Wednesday, reaching $16.88. The company had a trading volume of 9,578,871 shares, compared to its average volume of 2,380,110. nCino has a one year low of $13.80 and a one year high of $33.92. 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’s fifty day moving average price is $17.32 and its 200-day moving average price is $22.80. The stock has a market cap of $1.94 billion, a PE ratio of -94.26, a price-to-earnings-growth 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, topping the consensus estimate of $0.21 by $0.16. The business had revenue of $149.67 million for the quarter, compared to analyst estimates of $147.41 million. nCino had a positive return on equity of 2.28% and a negative net margin of 3.71%.nCino’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the company earned $0.12 EPS. On average, equities research analysts anticipate that nCino will post 0.12 earnings per share for the current year.

nCino declared that its board has initiated a stock buyback plan on Monday, December 8th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 3.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Insider Activity at nCino

In other nCino news, SVP Jeanette Sellers sold 2,182 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $18.26, for a total transaction of $39,843.32. Following the transaction, the senior vice president directly owned 43,219 shares of the company’s stock, valued at approximately $789,178.94. The trade was a 4.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider April Rieger sold 8,078 shares of the company’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $18.68, for a total transaction of $150,897.04. Following the completion of the transaction, the insider owned 221,696 shares of the company’s stock, valued at $4,141,281.28. This trade 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 90 days. Company insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On nCino

A number of large investors have recently modified their holdings of NCNO. Bank of America Corp DE lifted its holdings in nCino by 475.1% in the third quarter. Bank of America Corp DE now owns 2,513,686 shares of the company’s stock worth $68,146,000 after buying an additional 2,076,579 shares during the period. Millennium Management LLC grew its holdings in shares of nCino by 262.8% during the 4th quarter. Millennium Management LLC now owns 2,341,532 shares of the company’s stock worth $60,037,000 after acquiring an additional 1,696,051 shares during the period. Senvest Management LLC grew its holdings in shares of nCino by 68.6% during the 4th quarter. Senvest Management LLC now owns 4,078,276 shares of the company’s stock worth $104,567,000 after acquiring an additional 1,658,868 shares during the period. Wellington Management Group LLP bought a new position in shares of nCino in the 3rd quarter worth approximately $36,962,000. Finally, Ophir Asset Management Pty Ltd bought a new position in shares of nCino in the 4th quarter worth approximately $33,985,000. Institutional investors own 94.76% of the company’s stock.

Key Headlines Impacting nCino

Here are the key news stories impacting nCino this week:

• Positive Sentiment: Q4 beat — nCino posted non‑GAAP EPS of $0.37 (vs. $0.21 est.) and revenue of $149.7M, beating consensus and marking another strong quarter of EPS surprises. Read More.
• Positive Sentiment: Customer metrics improve — Annual Contract Value (ACV) rose ~17% to $602.4M with a 112% net retention rate, signaling healthy customer traction and recurring revenue growth. Read More.
• Positive Sentiment: Shareholder returns & FCF guide — Management outlined fiscal 2027 free cash flow of $132M–$137M and announced a $100M accelerated share repurchase, which can support EPS and investor sentiment. Read More.
• Neutral Sentiment: Analysts still see upside despite cuts — Several firms cut targets but kept constructive stances (examples: Keefe KBW to $24, Stephens to $26, Citizens JMP to $32, Needham to $25), leaving implied upside from current levels. Read More.
• Negative Sentiment: Multiple price‑target reductions — A cluster of firms trimmed targets (some sharply), reflecting reduced conviction on valuation or longer‑term growth cadence; Morgan Stanley also cut its target and issued a cautious note. Read More.
• Negative Sentiment: Mixed signals on re‑rating — Strong near‑term results and buybacks are offset by lower long‑run estimates from analysts, leaving the stock in a tug‑of‑war between fundamental momentum and valuation/forecast risk. Read More.

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.