nCino (NASDAQ:NCNO) Price Target Lowered to $24.00 at The Goldman Sachs Group

nCino (NASDAQ:NCNO) had its price target reduced by The Goldman Sachs Group from $28.00 to $24.00 in a research report report published on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other analysts have also weighed in on NCNO. Keefe, Bruyette & Woods lowered their target price on nCino from $36.00 to $24.00 and set an “outperform” rating for the company in a research note on Wednesday. Morgan Stanley reduced their price target on shares of nCino from $36.00 to $21.00 and set an “overweight” rating on the stock in a research report on Monday. JPMorgan Chase & Co. decreased their price objective on shares of nCino from $30.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Citizens Jmp decreased their price objective on nCino from $41.00 to $32.00 and set a “market outperform” rating on the stock in a research report on Wednesday. Finally, Stephens lowered their price objective on nCino from $34.00 to $26.00 and set an “overweight” rating for the company in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, nCino presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.07.

nCino Stock Up 10.6%

NASDAQ NCNO opened at $16.57 on Wednesday. The firm has a market cap of $1.90 billion, a PE ratio of 331.40, a price-to-earnings-growth ratio of 2.94 and a beta of 0.59. nCino has a one year low of $13.80 and a one year high of $33.92. The stock’s 50 day simple moving average is $17.19 and its 200 day simple moving average is $22.76. 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 released its quarterly earnings results on Tuesday, March 31st. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.16. nCino had a return on equity of 4.75% and a net margin of 0.87%.The firm had revenue of $149.67 million during the quarter, compared to analysts’ expectations of $147.41 million. During the same period last year, the firm posted $0.12 EPS. The business’s revenue was up 5.9% on a year-over-year basis. As a group, sell-side analysts forecast that nCino will post 0.12 earnings per share for the current fiscal year.

nCino declared that its Board of Directors has initiated a share repurchase plan on Monday, December 8th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 3.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Insider Activity

In other news, Director Pierre Naude sold 24,273 shares of the stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $18.68, for a total value of $453,419.64. Following the transaction, the director owned 1,166,823 shares of the company’s stock, valued at $21,796,253.64. This represents a 2.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Gregory Orenstein sold 10,562 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $18.68, for a total value of $197,298.16. Following the completion of the transaction, the chief financial officer owned 451,184 shares in the company, valued at $8,428,117.12. This represents a 2.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 69,803 shares of company stock worth $1,345,743. Corporate insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On nCino

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC lifted its stake in nCino by 15.9% in the fourth quarter. FNY Investment Advisers LLC now owns 3,228 shares of the company’s stock valued at $82,000 after buying an additional 444 shares during the period. Advisors Asset Management Inc. grew its position in shares of nCino by 68.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,127 shares of the company’s stock worth $32,000 after buying an additional 458 shares during the period. US Bancorp DE grew its position in shares of nCino by 1.6% during the 3rd quarter. US Bancorp DE now owns 32,042 shares of the company’s stock worth $869,000 after buying an additional 501 shares during the period. Farther Finance Advisors LLC increased its stake in shares of nCino by 186.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 948 shares of the company’s stock valued at $26,000 after acquiring an additional 617 shares during the last quarter. Finally, Lecap Asset Management Ltd. increased its stake in shares of nCino by 2.3% in the 4th quarter. Lecap Asset Management Ltd. now owns 31,163 shares of the company’s stock valued at $799,000 after acquiring an additional 691 shares during the last quarter. Institutional investors own 94.76% of the company’s stock.

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

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.