Brokerages Set nCino Inc. (NASDAQ:NCNO) Target Price at $33.27

nCino Inc. (NASDAQ:NCNO) has been given a consensus recommendation of “Moderate Buy” by the twenty-two ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and three have issued a strong buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $33.2667.

Several research firms recently commented on NCNO. Keefe, Bruyette & Woods increased their target price on nCino from $34.50 to $36.00 and gave the company an “outperform” rating in a report on Thursday, December 4th. UBS Group reaffirmed a “buy” rating and set a $36.00 price objective on shares of nCino in a research report on Tuesday, December 9th. Needham & Company LLC reiterated a “buy” rating and issued a $38.00 price objective on shares of nCino in a report on Thursday, December 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of nCino in a research report on Wednesday, October 8th. Finally, Piper Sandler lowered their price target on nCino from $34.00 to $30.00 and set a “neutral” rating for the company in a report on Thursday, December 4th.

nCino Stock Down 0.8%

Shares of NASDAQ:NCNO opened at $25.11 on Tuesday. nCino has a fifty-two week low of $18.75 and a fifty-two week high of $35.04. The firm’s 50 day moving average price is $25.25 and its 200 day moving average price is $27.21. 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 stock has a market cap of $2.88 billion, a price-to-earnings ratio of -139.50, a price-to-earnings-growth ratio of 6.65 and a beta of 0.55.

nCino (NASDAQ:NCNO) last announced its quarterly earnings data on Wednesday, December 3rd. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.11. nCino had a negative net margin of 3.71% and a positive return on equity of 2.28%. The company had revenue of $152.16 million for the quarter, compared to the consensus estimate of $147.31 million. During the same period in the prior year, the firm posted $0.21 EPS. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. nCino has set its FY 2026 guidance at 0.900-0.910 EPS and its Q4 2026 guidance at 0.210-0.220 EPS. As a group, equities research analysts predict that nCino will post 0.12 earnings per share for the current fiscal year.

nCino announced that its board has authorized a share repurchase program on Monday, December 8th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 3.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In related news, CEO Sean Desmond sold 10,006 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $25.81, for a total value of $258,254.86. Following the completion of the sale, the chief executive officer directly owned 618,597 shares of the company’s stock, valued at $15,965,988.57. The trade was a 1.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider April Rieger sold 4,731 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $25.81, for a total value of $122,107.11. Following the transaction, the insider directly owned 229,774 shares in the company, valued at approximately $5,930,466.94. The trade was a 2.02% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 40,780 shares of company stock worth $1,028,550. 5.70% of the stock is currently owned by company insiders.

Institutional Trading of nCino

Large investors have recently made changes to their positions in the company. Long Path Partners LP raised its stake in shares of nCino by 61.1% during the second quarter. Long Path Partners LP now owns 4,787,869 shares of the company’s stock worth $133,917,000 after purchasing an additional 1,815,868 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in nCino by 7.2% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 520,000 shares of the company’s stock valued at $14,544,000 after buying an additional 35,000 shares during the period. Advantage Alpha Capital Partners LP increased its stake in nCino by 79.7% in the 2nd quarter. Advantage Alpha Capital Partners LP now owns 196,734 shares of the company’s stock valued at $5,503,000 after buying an additional 87,274 shares during the period. Spyglass Capital Management LLC purchased a new position in nCino during the 2nd quarter worth $44,190,000. Finally, Nicholas Company Inc. raised its position in nCino by 11.5% during the 2nd quarter. Nicholas Company Inc. now owns 254,783 shares of the company’s stock worth $7,126,000 after buying an additional 26,243 shares during the last quarter. 94.76% of the stock is owned by institutional investors and hedge funds.

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.