nCino (NASDAQ:NCNO) Upgraded at Piper Sandler

nCino (NASDAQ:NCNO) was upgraded by analysts at Piper Sandler from a “neutral” rating to an “overweight” rating in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a $22.00 price target on the stock, down from their prior price target of $30.00. Piper Sandler’s price target would indicate a potential upside of 46.86% from the stock’s current price.

Other research analysts have also issued reports about the stock. Zacks Research lowered shares of nCino from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Keefe, Bruyette & Woods raised their price target on nCino from $34.50 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, December 4th. Barclays dropped their price target on nCino from $34.00 to $21.00 and set an “overweight” rating for the company in a research note on Tuesday, March 24th. Morgan Stanley decreased their price objective on nCino from $36.00 to $21.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of nCino in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, nCino presently has an average rating of “Moderate Buy” and an average price target of $28.07.

nCino Stock Up 3.9%

NCNO stock opened at $14.98 on Wednesday. The company’s 50 day moving average is $17.32 and its 200 day moving average is $22.80. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of -83.22, a price-to-earnings-growth ratio of 2.84 and a beta of 0.59. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.24. nCino has a 1-year low of $13.80 and a 1-year high of $33.92.

nCino (NASDAQ:NCNO) last announced its earnings results on Tuesday, March 31st. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.16. The business had revenue of $149.67 million during the quarter, compared to analyst estimates of $147.41 million. nCino had a negative net margin of 3.71% and a positive return on equity of 2.28%. nCino’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 earnings per share. Sell-side analysts predict that nCino will post 0.12 EPS for the current fiscal year.

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

Insider Buying and Selling at nCino

In other news, CEO Sean Desmond sold 16,047 shares of the company’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 $299,757.96. Following the completion of the transaction, the chief executive officer directly owned 602,550 shares of the company’s stock, valued at approximately $11,255,634. This represents a 2.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider April Rieger sold 8,078 shares of the company’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 transaction, the insider directly owned 221,696 shares of the company’s stock, valued at approximately $4,141,281.28. This trade represents a 3.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 69,803 shares of company stock worth $1,345,743 over the last ninety days. 5.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC grew its position in shares of nCino by 186.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 948 shares of the company’s stock worth $26,000 after buying an additional 617 shares during the last quarter. CWM LLC raised its holdings in shares of nCino by 255.8% during the fourth quarter. CWM LLC now owns 1,142 shares of the company’s stock valued at $29,000 after acquiring an additional 821 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of nCino by 68.5% during the second quarter. Advisors Asset Management Inc. now owns 1,127 shares of the company’s stock valued at $32,000 after acquiring an additional 458 shares in the last quarter. AlphaQuest LLC lifted its stake in nCino by 5,022.2% in the third quarter. AlphaQuest LLC now owns 1,383 shares of the company’s stock worth $37,000 after acquiring an additional 1,356 shares during the period. Finally, Los Angeles Capital Management LLC bought a new stake in nCino in the fourth quarter valued at $38,000. Hedge funds and other institutional investors own 94.76% of the company’s stock.

Trending Headlines about nCino

Here are the key news stories impacting nCino this week:

• Positive Sentiment: Q4 financial beat and upbeat metrics: nCino reported $0.37 EPS vs. $0.21 consensus and revenue of $149.7M vs. $147.4M est.; FY ACV rose to $602.4M (up 17% YoY) and ACV net retention was 112%, signaling healthy subscription momentum. Read More.
• Positive Sentiment: $100M accelerated share repurchase (ASR) announced — this reduces float and supports EPS over time, a clear near-term catalyst for the stock. Read More.
• Positive Sentiment: Street reaction / price moves: multiple outlets report a sharp intraday rally following results and guidance, reflecting investor enthusiasm for the beat and outlook. Read More.
• Neutral Sentiment: Investor materials and call: company slide deck and call transcript provide more color on product adoption and go-to-market; review the transcript/slides for management’s guidance detail and cadence for revenue/ACV growth. Read More.
• Neutral Sentiment: Coverage summaries and earnings snapshots from multiple outlets (Zacks, MarketBeat, local press) reiterate the beat and growing ARR-like metrics; useful for granular analyst-model inputs. Read More.
• Negative Sentiment: Analyst price-target trims: Morgan Stanley lowered its price target (and issued a cautious note), and Robert W. Baird also trimmed its target — these moves reduce near-term analyst support despite maintained positive ratings. Read More. | Read More.
• Negative Sentiment: Caveats remain: net margin is negative and the company still shows a modest overall net loss despite GAAP beats; investors should watch guidance cadence and margin improvement timelines. Read More.

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.