nCino (NASDAQ:NCNO) Price Target Raised to $25.00

nCino (NASDAQ:NCNO) had its price target increased by stock analysts at Citizens Jmp from $23.00 to $25.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “market outperform” rating on the stock. Citizens Jmp’s target price would indicate a potential upside of 20.13% from the stock’s previous close.

A number of other research firms also recently issued reports on NCNO. JPMorgan Chase & Co. upped their target price on shares of nCino from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Monday, June 22nd. The Goldman Sachs Group reduced their price target on shares of nCino from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Piper Sandler started coverage on nCino in a research report on Monday. They set an “overweight” rating and a $25.00 price objective for the company. UBS Group reiterated a “buy” rating on shares of nCino in a research note on Wednesday. Finally, Zacks Research cut nCino from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.93.

nCino Stock Down 0.7%

NCNO opened at $20.81 on Wednesday. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 173.42 and a beta of 0.66. The firm’s 50-day simple moving average is $17.90 and its 200-day simple moving average is $16.87. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.89 and a current ratio of 0.89. nCino has a twelve month low of $13.80 and a twelve month high of $33.92.

Insider Buying and Selling

In related news, Director Pierre Naude sold 4,677 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $19.22, for a total value of $89,891.94. Following the sale, the director directly owned 1,116,707 shares of the company’s stock, valued at $21,463,108.54. This trade represents a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Sean Desmond sold 28,675 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $19.22, for a total transaction of $551,133.50. Following the transaction, the chief executive officer owned 1,234,831 shares of the company’s stock, valued at $23,733,451.82. This trade represents a 2.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 83,350 shares of company stock worth $1,568,144. 1.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Millennium Management LLC raised its stake in nCino by 16.6% during the 1st quarter. Millennium Management LLC now owns 303,853 shares of the company’s stock worth $8,347,000 after buying an additional 43,247 shares during the period. Woodline Partners LP increased its position in shares of nCino by 105.3% during the 1st quarter. Woodline Partners LP now owns 13,227 shares of the company’s stock valued at $363,000 after purchasing an additional 6,783 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in nCino by 16.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 281,435 shares of the company’s stock worth $7,731,000 after acquiring an additional 39,345 shares during the period. Prudential Financial Inc. purchased a new position in nCino in the second quarter valued at approximately $208,000. Finally, Marshall Wace LLP bought a new stake in shares of nCino in the second quarter valued at $4,163,000. Institutional investors and hedge funds own 94.76% of the company’s stock.

nCino News Summary

Here are the key news stories impacting nCino this week:

• Positive Sentiment: nCino reported adjusted earnings of $0.30 per share, above the $0.28 consensus estimate and up from $0.22 a year earlier. Revenue reached approximately $161 million, increased 8.2% year over year, and exceeded analyst expectations. nCino Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management said early customers are using their initial credits for nCino’s agentic AI solutions and returning to purchase additional credits. This suggests growing customer engagement and potential recurring revenue opportunities for the company’s AI banking platform. Banks Double Down on nCino AI Agents
• Positive Sentiment: The board authorized an additional $100 million stock-repurchase program. Buybacks can support per-share results and signal that management believes the shares are attractively valued. nCino Reports Second Quarter Fiscal Year 2027 Financial Results
• Neutral Sentiment: Fiscal third-quarter revenue guidance of $161.3 million to $163.3 million and full-year revenue guidance of $644 million to $647 million are broadly consistent with analyst expectations, offering limited evidence of a major forecast upgrade. nCino Q2 2027 Earnings Call Transcript
• Negative Sentiment: One report showed GAAP EPS of $0.05, substantially below the $0.27 consensus estimate, despite the adjusted-earnings beat. The discrepancy may concern investors, particularly with NCNO trading at a high earnings multiple. nCino Earnings Report

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.