nCino (NASDAQ:NCNO) Stock Rating Lowered by Wall Street Zen

nCino (NASDAQ:NCNO) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Several other research analysts also recently commented on the company. Citizens Jmp cut their target price on nCino from $32.00 to $23.00 and set a “market outperform” rating on the stock in a report on Monday, May 18th. Needham & Company LLC restated a “buy” rating and issued a $25.00 price target on shares of nCino in a report on Thursday, May 28th. JPMorgan Chase & Co. boosted their price objective on nCino from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Monday, June 22nd. Citigroup reiterated a “market outperform” rating on shares of nCino in a report on Monday, June 22nd. Finally, Weiss Ratings raised shares of nCino from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.29.

nCino Stock Performance

Shares of NCNO stock opened at $19.17 on Friday. The firm has a market capitalization of $2.10 billion, a P/E ratio of 159.75 and a beta of 0.66. nCino has a twelve month low of $13.80 and a twelve month high of $33.92. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.31. The stock’s fifty day simple moving average is $16.76 and its 200 day simple moving average is $17.04.

Insider Transactions at nCino

In related news, Director Pierre Naude sold 4,677 shares of nCino stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $19.22, for a total value of $89,891.94. Following the completion of the transaction, the director directly owned 1,116,707 shares in the company, valued at approximately $21,463,108.54. The trade was a 0.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jeanette Sellers sold 1,536 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $19.53, for a total value of $29,998.08. Following the sale, the senior vice president owned 48,453 shares in the company, valued at approximately $946,287.09. The trade was a 3.07% 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. Over the last three months, insiders have sold 83,350 shares of company stock valued at $1,568,144. 1.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On nCino

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

More nCino News

Here are the key news stories impacting nCino this week:

• Positive Sentiment: nCino released Mortgage MCP, a capability that allows lenders to connect AI agents directly to the nCino Mortgage Suite while preserving the company’s compliance, permissions and governance framework. The product could strengthen nCino’s competitive position as banks seek to deploy AI safely and automate mortgage workflows. nCino Mortgage MCP announcement
• Positive Sentiment: Conestoga Capital Advisors’ second-quarter investor letter highlighted nCino’s durable expansion prospects amid improving sentiment toward small-cap growth stocks. Conestoga has also increased its nCino position, reinforcing the view that institutional investors see long-term potential in the company’s cloud-based banking platform. Conestoga Capital Advisors investor letter
• Neutral Sentiment: Analyst sentiment remains broadly favorable, with a consensus “Moderate Buy” rating and an average price target of $25.29. However, ratings are mixed: Needham and Keefe, Bruyette & Woods remain positive, while Goldman Sachs and JPMorgan maintain neutral views, and Zacks recently downgraded the stock to Hold.
• Negative Sentiment: Several executives and insiders sold shares, including the CEO, CFO, director Pierre Naude and other senior personnel. The transactions totaled approximately 67,000 shares and were made under pre-arranged Rule 10b5-1 plans to cover tax withholding on vested equity awards, making them less concerning than discretionary sales; nevertheless, the volume may weigh on short-term sentiment. nCino insider transactions
• Negative Sentiment: nCino’s valuation remains demanding, with a price-to-earnings ratio above 150. Recent analyst target cuts, including reductions by Goldman Sachs and Citizens JMP, could limit upside unless the company delivers stronger growth and profitability.

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.