nCino (NASDAQ:NCNO) Board Declares Share Repurchase Plan

nCino (NASDAQ:NCNO) declared that its Board of Directors has approved a stock repurchase plan on Monday, December 8th, RTT News reports. The company plans to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 3.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of research firms recently weighed in on NCNO. Citigroup restated an “outperform” rating on shares of nCino in a research report on Wednesday, August 27th. Keefe, Bruyette & Woods boosted their price objective on shares of nCino from $34.50 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Stephens raised shares of nCino from a “hold” rating to an “overweight” rating in a research note on Monday, October 27th. Bank of America lifted their target price on shares of nCino from $34.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 27th. Finally, Zacks Research raised shares of nCino from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 27th. Three analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, nCino has a consensus rating of “Moderate Buy” and a consensus target price of $32.93.

nCino Stock Up 5.1%

NASDAQ NCNO opened at $24.58 on Tuesday. nCino has a 1 year low of $18.75 and a 1 year high of $37.93. The stock has a market capitalization of $2.82 billion, a PE ratio of -136.56, a PEG ratio of 10.36 and a beta of 0.53. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.01 and a quick ratio of 1.01. The business’s 50-day moving average is $25.35 and its 200 day moving average is $27.45.

nCino (NASDAQ:NCNO) last released its quarterly earnings data on Wednesday, December 3rd. The company reported $0.31 earnings per share for the quarter, topping 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 business’s revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the business 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. Sell-side analysts forecast that nCino will post 0.12 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Gregory Orenstein sold 4,353 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 value of $112,350.93. Following the sale, the chief financial officer owned 461,746 shares in the company, valued at $11,917,664.26. The trade was a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction of $258,254.86. Following the transaction, the chief executive officer directly owned 618,597 shares in the company, valued at approximately $15,965,988.57. The trade was a 1.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 24,611 shares of company stock worth $635,210. Insiders own 5.70% of the company’s stock.

About nCino

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.