nCino (NASDAQ:NCNO) Price Target Lowered to $27.00 at Truist Financial

nCino (NASDAQ:NCNO) had its price target reduced by Truist Financial from $32.00 to $27.00 in a report released on Thursday, Marketbeat.com reports. They currently have a hold rating on the stock.

Several other research analysts also recently weighed in on NCNO. JMP Securities increased their price target on shares of nCino from $35.00 to $41.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 27th. Piper Sandler decreased their target price on nCino from $34.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday. Needham & Company LLC reiterated a “buy” rating and set a $38.00 target price on shares of nCino in a research report on Thursday. Keefe, Bruyette & Woods boosted their price target on nCino from $34.50 to $36.00 and gave the company an “outperform” rating in a report on Thursday. Finally, William Blair raised nCino from a “market perform” rating to an “outperform” rating in a research note on Friday, October 10th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $33.56.

nCino Stock Down 4.8%

NCNO stock opened at $24.35 on Thursday. The company has a market cap of $2.82 billion, a price-to-earnings ratio of -135.28, a P/E/G ratio of 16.10 and a beta of 0.53. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.03 and a current ratio of 1.03. The business’s 50-day moving average is $25.51 and its two-hundred day moving average is $27.45. nCino has a fifty-two week low of $18.75 and a fifty-two week high of $40.29.

nCino (NASDAQ:NCNO) last released its quarterly earnings results on Wednesday, December 3rd. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.11. nCino had a positive return on equity of 2.26% and a negative net margin of 3.71%.The business had revenue of $152.16 million during the quarter, compared to the consensus estimate of $147.31 million. During the same period in the previous year, the company posted $0.21 EPS. The business’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, analysts forecast that nCino will post 0.12 earnings per share for the current year.

Insider Activity

In related news, CEO Sean Desmond sold 10,006 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $25.81, for a total transaction of $258,254.86. Following the completion of the transaction, the chief executive officer directly owned 618,597 shares of the company’s stock, valued at approximately $15,965,988.57. This trade represents a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider April Rieger sold 4,731 shares of nCino stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $25.81, for a total transaction of $122,107.11. Following the completion of the sale, the insider owned 229,774 shares in the company, valued at approximately $5,930,466.94. This represents a 2.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,913,865 shares of company stock valued at $117,312,830 in the last quarter. Company insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On nCino

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CIBC Bancorp USA Inc. bought a new stake in nCino in the 3rd quarter worth approximately $295,000. Captrust Financial Advisors increased its position in nCino by 1.2% in the third quarter. Captrust Financial Advisors now owns 62,747 shares of the company’s stock worth $1,701,000 after purchasing an additional 743 shares during the last quarter. Advisory Services Network LLC purchased a new stake in nCino during the third quarter valued at $65,000. Morningstar Investment Management LLC bought a new position in nCino during the third quarter valued at $913,000. Finally, Castleark Management LLC bought a new position in nCino during the third quarter valued at $5,451,000. 94.76% of the stock is owned by institutional investors.

nCino Company Profile

nCino, Inc, a software-as-a-service company, provides cloud-based software applications to financial institutions in the United States and internationally. Its nCino Bank Operating System connects financial institution employees, clients and third parties on a single cloud-based platform which include client onboarding, deposit account opening, loan origination, end-to-end mortgage suite, and powerful ecosystem.