Share Repurchase Plan Declared by nCino (NASDAQ:NCNO) Board of Directors

nCino (NASDAQ:NCNO) announced that its Board of Directors has approved a share repurchase program on Monday, December 8th, RTT News reports. The company plans 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 usually a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. William Blair raised shares of nCino from a “market perform” rating to an “outperform” rating in a research report on Friday, October 10th. JMP Securities raised their target price on shares of nCino from $35.00 to $41.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 27th. Barclays boosted their price target on shares of nCino from $31.00 to $37.00 and gave the company an “overweight” rating in a research report on Wednesday, August 27th. Raymond James Financial raised shares of nCino from an “outperform” rating to a “strong-buy” rating and set a $36.00 price target for the company in a research note on Monday, October 20th. Finally, Robert W. Baird lifted their price objective on nCino from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, August 27th. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $33.47.

nCino Trading Up 4.1%

Shares of NASDAQ NCNO opened at $25.88 on Thursday. nCino has a 1 year low of $18.75 and a 1 year high of $37.20. The stock has a market cap of $2.97 billion, a P/E ratio of -143.78, a price-to-earnings-growth ratio of 7.10 and a beta of 0.53. The firm has a 50-day moving average of $25.29 and a 200 day moving average of $27.43. 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 announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $147.31 million. During the same quarter in the prior year, the company earned $0.21 earnings per share. The business’s revenue 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. As a group, sell-side analysts expect that nCino will post 0.12 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider April Rieger sold 4,731 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $25.81, for a total value of $122,107.11. Following the sale, the insider owned 229,774 shares in the company, valued at $5,930,466.94. This represents a 2.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Pierre Naude sold 4,881 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 $125,978.61. Following the transaction, the director owned 1,187,580 shares of the company’s stock, valued at $30,651,439.80. The trade was a 0.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 31,942 shares of company stock worth $811,960. 5.70% of the stock is currently owned by corporate insiders.

nCino Company Profile

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.