nCino (NASDAQ:NCNO) Rating Lowered to Hold at Zacks Research

nCino (NASDAQ:NCNO) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

NCNO has been the subject of several other reports. BTIG Research initiated coverage on nCino in a research note on Tuesday, December 16th. They issued a “neutral” rating for the company. Raymond James Financial upgraded nCino from an “outperform” rating to a “strong-buy” rating and set a $36.00 target price for the company in a research report on Monday, October 20th. 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 set a $38.00 price objective on shares of nCino in a research report on Thursday, December 4th. Finally, UBS Group reissued a “buy” rating and issued a $36.00 target price on shares of nCino in a report on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $33.27.

nCino Price Performance

Shares of NASDAQ NCNO opened at $18.71 on Monday. The firm has a market cap of $2.15 billion, a P/E ratio of -103.94, a price-to-earnings-growth ratio of 4.12 and a beta of 0.55. The business’s 50 day moving average is $24.56 and its 200-day moving average is $26.54. 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 $18.02 and a 1-year high of $34.55.

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

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

Insider Transactions at nCino

In other nCino news, CEO Sean Desmond sold 7,331 shares of the stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $24.11, for a total value of $176,750.41. Following the completion of the transaction, the chief executive officer directly owned 618,597 shares in the company, valued at approximately $14,914,373.67. This trade represents a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jeanette Sellers sold 1,507 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $24.49, for a total value of $36,906.43. Following the sale, the senior vice president owned 46,731 shares in the company, valued at approximately $1,144,442.19. This trade represents a 3.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 16,169 shares of company stock valued at $393,340. Insiders own 5.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NCNO. 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 valued at $26,000 after buying an additional 617 shares during the last quarter. Advisors Asset Management Inc. increased its position in nCino by 68.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,127 shares of the company’s stock valued at $32,000 after purchasing an additional 458 shares during the period. CWM LLC raised its holdings in nCino by 255.8% during the 4th quarter. CWM LLC now owns 1,142 shares of the company’s stock worth $29,000 after purchasing an additional 821 shares during the last quarter. AlphaQuest LLC lifted its position in shares of nCino by 5,022.2% in the 3rd quarter. AlphaQuest LLC now owns 1,383 shares of the company’s stock worth $37,000 after purchasing an additional 1,356 shares during the period. Finally, Quarry LP boosted its stake in shares of nCino by 138.2% in the 3rd quarter. Quarry LP now owns 1,701 shares of the company’s stock valued at $46,000 after purchasing an additional 987 shares during the last quarter. 94.76% of the stock is owned by institutional investors.

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.