nCino (NASDAQ:NCNO) Given New $16.00 Price Target at JPMorgan Chase & Co.

nCino (NASDAQ:NCNO) had its target price cut by JPMorgan Chase & Co. from $30.00 to $16.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other research analysts have also issued reports on the company. Zacks Research lowered nCino from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. UBS Group reissued a “buy” rating and issued a $36.00 target price on shares of nCino in a research note on Tuesday, December 9th. Keefe, Bruyette & Woods boosted their target price on nCino from $34.50 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of nCino in a research note on Thursday, January 22nd. Finally, Needham & Company LLC reissued a “buy” rating and set a $38.00 price objective on shares of nCino in a research note on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, nCino has a consensus rating of “Moderate Buy” and an average price target of $32.33.

nCino Stock Up 1.1%

Shares of NASDAQ NCNO opened at $16.35 on Wednesday. nCino has a 1 year low of $15.68 and a 1 year high of $33.92. The firm’s 50-day moving average is $22.93 and its 200-day moving average is $25.60. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $1.88 billion, a PE ratio of -90.83, a price-to-earnings-growth ratio of 3.19 and a beta of 0.55.

nCino (NASDAQ:NCNO) last posted its quarterly earnings results on Wednesday, December 3rd. The company reported $0.31 earnings per share for the quarter, topping 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 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 firm posted $0.21 earnings per share. nCino’s revenue for the quarter 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. Equities analysts expect that nCino will post 0.12 EPS for the current year.

nCino announced that its Board of Directors has approved a stock 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 repurchase up to 3.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Insider Transactions at nCino

In related news, Director Pierre Naude sold 24,273 shares of the company’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $18.68, for a total value of $453,419.64. Following the completion of the transaction, the director directly owned 1,166,823 shares of the company’s stock, valued at approximately $21,796,253.64. This represents a 2.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sean Desmond sold 16,047 shares of nCino stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $18.68, for a total value of $299,757.96. Following the completion of the sale, the chief executive officer directly owned 602,550 shares in the company, valued at $11,255,634. This represents a 2.59% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 78,641 shares of company stock valued at $1,559,400. 5.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NCNO. TD Asset Management Inc boosted its position in nCino by 0.5% during the 2nd quarter. TD Asset Management Inc now owns 69,820 shares of the company’s stock worth $1,953,000 after acquiring an additional 340 shares during the last quarter. FNY Investment Advisers LLC lifted its position in shares of nCino by 15.9% in the fourth quarter. FNY Investment Advisers LLC now owns 3,228 shares of the company’s stock worth $82,000 after purchasing an additional 444 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in nCino by 68.5% during the second quarter. Advisors Asset Management Inc. now owns 1,127 shares of the company’s stock worth $32,000 after purchasing an additional 458 shares during the last quarter. US Bancorp DE increased its stake in nCino by 1.6% in the 3rd quarter. US Bancorp DE now owns 32,042 shares of the company’s stock valued at $869,000 after buying an additional 501 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in nCino by 15.2% in the 2nd quarter. Asset Management One Co. Ltd. now owns 4,284 shares of the company’s stock valued at $120,000 after buying an additional 566 shares during the last quarter. 94.76% of the stock is currently owned by institutional investors.

About nCino

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.