nCino (NASDAQ:NCNO) Reaches New 52-Week Low – Here’s Why

nCino Inc. (NASDAQ:NCNO) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $17.51 and last traded at $17.6090, with a volume of 225283 shares changing hands. The stock had previously closed at $18.63.

Analyst Upgrades and Downgrades

NCNO has been the topic of a number of research reports. Keefe, Bruyette & Woods raised their price objective on nCino from $34.50 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Raymond James Financial raised shares of 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. Zacks Research cut shares of nCino from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. BTIG Research started coverage on nCino in a research note on Tuesday, December 16th. They set a “neutral” rating on the stock. Finally, Barclays decreased their target price on nCino from $37.00 to $34.00 and set an “overweight” rating for the company in a research report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.27.

nCino Trading Up 1.8%

The firm has a 50-day moving average of $23.60 and a 200 day moving average of $25.97. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of -89.67, a PEG ratio of 3.47 and a beta of 0.55.

nCino (NASDAQ:NCNO) last released its quarterly 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 during the quarter, compared to analysts’ expectations of $147.31 million. nCino had a positive return on equity of 2.28% and a negative net margin of 3.71%.The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.21 earnings per share. nCino has set its FY 2026 guidance at 0.900-0.910 EPS and its Q4 2026 guidance at 0.210-0.220 EPS. As a group, equities analysts predict that nCino Inc. will post 0.12 EPS for the current fiscal year.

nCino declared that its board has authorized a stock repurchase program on Monday, December 8th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 3.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other nCino news, CFO Gregory Orenstein sold 10,562 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $18.68, for a total transaction of $197,298.16. Following the completion of the sale, the chief financial officer directly owned 451,184 shares in the company, valued at approximately $8,428,117.12. This trade represents a 2.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider April Rieger sold 8,078 shares of nCino stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $18.68, for a total value of $150,897.04. Following the transaction, the insider directly owned 221,696 shares in the company, valued at approximately $4,141,281.28. This trade represents a 3.52% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 78,641 shares of company stock valued at $1,559,400. 5.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On nCino

Institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC grew its position in shares of nCino by 186.4% in the third quarter. Farther Finance Advisors LLC now owns 948 shares of the company’s stock valued at $26,000 after purchasing an additional 617 shares during the last quarter. Advisors Asset Management Inc. boosted its stake 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 grew its holdings in nCino by 255.8% in the 4th quarter. CWM LLC now owns 1,142 shares of the company’s stock valued at $29,000 after buying an additional 821 shares during the last quarter. AlphaQuest LLC increased its position in 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 buying an additional 1,356 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new position in shares of nCino during the fourth quarter worth approximately $38,000. Institutional investors own 94.76% of the company’s stock.

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.