nCino (NASDAQ:NCNO) Upgraded by Piper Sandler to “Overweight” Rating

Piper Sandler upgraded shares of nCino (NASDAQ:NCNO) from a neutral rating to an overweight rating in a research report released on Wednesday morning, Marketbeat Ratings reports. They currently have $22.00 price target on the stock, down from their prior price target of $30.00.

A number of other equities research analysts have also recently issued reports on the stock. Barclays dropped their target price on shares of nCino from $34.00 to $21.00 and set an “overweight” rating for the company in a research report on Tuesday, March 24th. Needham & Company LLC reduced their price target on shares of nCino from $38.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday. Zacks Research cut shares of nCino from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. JPMorgan Chase & Co. dropped their price objective on shares of nCino from $30.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Finally, BTIG Research started coverage on shares of nCino in a research note on Tuesday, December 16th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, nCino currently has a consensus rating of “Moderate Buy” and an average price target of $26.07.

nCino Trading Up 10.6%

Shares of NCNO opened at $16.57 on Wednesday. nCino has a 1 year low of $13.80 and a 1 year high of $33.92. 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 stock has a 50 day simple moving average of $17.19 and a 200-day simple moving average of $22.76. The stock has a market cap of $1.90 billion, a PE ratio of 331.40, a PEG ratio of 2.94 and a beta of 0.61.

nCino (NASDAQ:NCNO) last posted its earnings results on Tuesday, March 31st. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.21 by $0.16. The business had revenue of $149.67 million during the quarter, compared to the consensus estimate of $147.41 million. nCino had a return on equity of 4.75% and a net margin of 0.87%.nCino’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the company earned $0.12 EPS. On average, sell-side analysts predict that nCino will post 0.12 EPS for the current fiscal year.

nCino declared that its board has initiated a share buyback plan on Monday, December 8th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to purchase up to 3.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at nCino

In other nCino news, CFO Gregory Orenstein sold 10,562 shares of the stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $18.68, for a total transaction of $197,298.16. Following the sale, the chief financial officer owned 451,184 shares of the company’s stock, valued at $8,428,117.12. This represents a 2.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider April Rieger sold 8,078 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $18.68, for a total transaction of $150,897.04. Following the completion of the sale, the insider owned 221,696 shares of the company’s stock, valued at $4,141,281.28. The trade was a 3.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 69,803 shares of company stock worth $1,345,743 over the last quarter. Corporate insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On nCino

A number of large investors have recently modified their holdings of the stock. Hsbc Holdings PLC acquired a new stake in shares of nCino in the fourth quarter valued at approximately $3,982,000. Rockefeller Capital Management L.P. lifted its holdings in nCino by 66.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 383,812 shares of the company’s stock worth $9,841,000 after buying an additional 153,162 shares in the last quarter. Alpine Global Management LLC acquired a new position in nCino during the 4th quarter worth $206,000. Invesco Ltd. boosted its position in nCino by 13.6% in the 4th quarter. Invesco Ltd. now owns 168,339 shares of the company’s stock valued at $4,316,000 after buying an additional 20,102 shares during the last quarter. Finally, XTX Topco Ltd boosted its position in nCino by 68.1% in the 4th quarter. XTX Topco Ltd now owns 82,508 shares of the company’s stock valued at $2,116,000 after buying an additional 33,418 shares during the last quarter. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Key nCino News

Here are the key news stories impacting nCino this week:

• Positive Sentiment: Q4 results beat consensus — non‑GAAP EPS $0.37 vs $0.21 est and revenue $149.7M vs $147.4M; ACV grew 17% to $602.4M with a 112% ACV net retention rate, showing healthy subscription growth. GlobeNewswire release
• Positive Sentiment: Board authorized a $100M accelerated share repurchase program, which supports near‑term EPS and return of capital to shareholders. GlobeNewswire release
• Positive Sentiment: Management set fiscal 2027 free cash flow guidance ($132M–$137M) and is targeting ~10% ACV growth, giving a clearer path to cash generation and margin improvement. Seeking Alpha
• Neutral Sentiment: Analysts reacted across the board: some firms upgraded (Barclays, Piper Sandler) or kept favorable ratings, while others trimmed price targets — the mixed responses leave near‑term sentiment supportive but consensus valuations lower. Benzinga roundup
• Neutral Sentiment: Earnings call emphasized AI platform integration and ACV momentum — constructive for product positioning but requires execution to translate into sustained margin expansion. Earnings call transcript/highlights
• Negative Sentiment: Several institutions slashed price targets (Goldman, Keefe, Stephens, Baird, Truist, Needham among others) after the report — that indicates analysts reduced medium/longer‑term expectations and could cap upside until guidance proves durable. Benzinga: analysts slash forecasts
• Negative Sentiment: Profitability remains a concern (negative net margin and a negative PE), and some firms (e.g., Morgan Stanley) issued cautious outlooks — investors may wait for sustained margin improvement and FCF delivery before re‑rating the stock materially higher. MarketBeat earnings summary

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.