nCino (NASDAQ:NCNO) Cut to “Hold” at Zacks Research

Zacks Research lowered shares of nCino (NASDAQ:NCNO) from a strong-buy rating to a hold rating in a report released on Monday,Zacks.com reports.

Several other research firms also recently weighed in on NCNO. Weiss Ratings reiterated a “sell (d-)” rating on shares of nCino in a research report on Thursday, January 22nd. William Blair raised shares of nCino from a “market perform” rating to an “outperform” rating in a research note on Friday, October 10th. BTIG Research began coverage on shares of nCino in a report on Tuesday, December 16th. They set a “neutral” rating for the company. Keefe, Bruyette & Woods upped their target price on shares of nCino from $34.50 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Finally, Raymond James Financial raised shares of nCino from an “outperform” rating to a “strong-buy” rating and set a $36.00 target price on the stock in a research report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, nCino has an average rating of “Moderate Buy” and an average target price of $33.27.

nCino Stock Up 0.5%

Shares of NASDAQ:NCNO opened at $18.81 on Monday. nCino has a 1 year low of $17.69 and a 1 year high of $34.55. The business has a 50 day simple moving average of $24.44 and a two-hundred day simple moving average of $26.49. The firm has a market capitalization of $2.16 billion, a PE ratio of -104.50, a price-to-earnings-growth ratio of 3.69 and a beta of 0.55. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.01 and a quick ratio of 1.01.

nCino (NASDAQ:NCNO) last issued its quarterly earnings results 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. nCino had a positive return on equity of 2.28% and a negative net margin of 3.71%.The firm 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 business posted $0.21 earnings per share. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. nCino has set its FY 2026 guidance at 0.900-0.910 EPS and its Q4 2026 guidance at 0.210-0.220 EPS. On average, equities analysts predict that nCino will post 0.12 EPS for the current year.

nCino announced that its Board of Directors has authorized a stock repurchase program on Monday, December 8th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to buy up to 3.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Insider Activity at nCino

In other news, CEO Sean Desmond sold 7,331 shares of nCino stock in a transaction on Friday, December 5th. The stock was sold at an average price of $24.11, for a total value of $176,750.41. Following the transaction, the chief executive officer directly owned 618,597 shares in the company, valued at approximately $14,914,373.67. This trade represents a 1.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jeanette Sellers sold 1,507 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $24.49, for a total value of $36,906.43. Following the sale, the senior vice president owned 46,731 shares of the company’s stock, valued at $1,144,442.19. This trade represents a 3.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 40,442 shares of company stock valued at $846,759 over the last ninety days. 5.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On nCino

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its position in shares of nCino by 475.1% during the third quarter. Bank of America Corp DE now owns 2,513,686 shares of the company’s stock valued at $68,146,000 after buying an additional 2,076,579 shares during the last quarter. Long Path Partners LP raised its stake in shares of nCino by 61.1% during the 2nd quarter. Long Path Partners LP now owns 4,787,869 shares of the company’s stock worth $133,917,000 after acquiring an additional 1,815,868 shares in the last quarter. Spyglass Capital Management LLC bought a new position in shares of nCino during the 2nd quarter worth approximately $44,190,000. Wellington Management Group LLP purchased a new stake in nCino during the third quarter valued at approximately $36,962,000. Finally, Owls Nest Partners IA LLC acquired a new stake in nCino in the second quarter valued at approximately $33,442,000. Hedge funds and other institutional investors own 94.76% of the company’s stock.

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.