JPMorgan Chase & Co. Issues Pessimistic Forecast for nCino (NASDAQ:NCNO) Stock Price

nCino (NASDAQ:NCNO) had its price objective reduced by equities researchers at JPMorgan Chase & Co. from $30.00 to $16.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential downside of 3.01% from the company’s previous close.

A number of other analysts also recently commented on the stock. Piper Sandler cut their price objective on shares of nCino from $34.00 to $30.00 and set a “neutral” rating for the company in a report on Thursday, December 4th. Weiss Ratings restated a “sell (d-)” rating on shares of nCino in a research report on Thursday, January 22nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $38.00 price target on shares of nCino in a report on Thursday, December 4th. Keefe, Bruyette & Woods boosted their price objective on nCino from $34.50 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Finally, Stephens raised nCino from a “hold” rating to an “overweight” rating in a research note on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $32.33.

nCino Price Performance

NASDAQ NCNO traded up $0.32 during mid-day trading on Wednesday, hitting $16.50. The stock had a trading volume of 445,437 shares, compared to its average volume of 2,093,450. The firm’s 50 day moving average is $23.12 and its 200 day moving average is $25.66. nCino has a twelve month low of $15.68 and a twelve month high of $33.92. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of -91.56, a PEG ratio of 3.18 and a beta of 0.55.

nCino (NASDAQ:NCNO) last announced its earnings results on Wednesday, December 3rd. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.11. The company had revenue of $152.16 million for the quarter, compared to analysts’ expectations of $147.31 million. nCino had a negative net margin of 3.71% and a positive return on equity of 2.28%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.21 EPS. 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 research analysts forecast that nCino will post 0.12 earnings per share for the current fiscal year.

nCino announced that its board has initiated a stock buyback plan on Monday, December 8th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 3.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Insider Activity at nCino

In related news, CEO Sean Desmond sold 16,047 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $18.68, for a total transaction of $299,757.96. Following the sale, the chief executive officer directly owned 602,550 shares of the company’s stock, valued at $11,255,634. This represents a 2.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Gregory Orenstein sold 10,562 shares of the company’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 sale, the chief financial officer directly owned 451,184 shares in the company, valued at $8,428,117.12. This represents a 2.29% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 78,641 shares of company stock valued at $1,559,400. 5.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On nCino

Several institutional investors have recently added to or reduced their stakes in NCNO. Vanguard Group Inc. raised its holdings in nCino by 1.7% during the third quarter. Vanguard Group Inc. now owns 11,924,703 shares of the company’s stock worth $323,279,000 after purchasing an additional 201,499 shares in the last quarter. Long Path Partners LP raised its stake in nCino by 61.1% during the 2nd quarter. Long Path Partners LP now owns 4,787,869 shares of the company’s stock worth $133,917,000 after acquiring an additional 1,815,868 shares in the last quarter. Senvest Management LLC lifted its position in nCino by 68.6% in the fourth quarter. Senvest Management LLC now owns 4,078,276 shares of the company’s stock valued at $104,567,000 after acquiring an additional 1,658,868 shares during the last quarter. Conestoga Capital Advisors LLC boosted its stake in nCino by 25.7% in the fourth quarter. Conestoga Capital Advisors LLC now owns 2,861,024 shares of the company’s stock valued at $73,357,000 after acquiring an additional 585,786 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of nCino by 475.1% during the third quarter. Bank of America Corp DE now owns 2,513,686 shares of the company’s stock worth $68,146,000 after purchasing an additional 2,076,579 shares during the last quarter. Hedge funds and other institutional investors own 94.76% of the company’s stock.

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.