nCino (NASDAQ:NCNO) Upgraded by Piper Sandler to Overweight Rating

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

Other research analysts have also issued research reports about the company. Needham & Company LLC decreased their target price on nCino from $38.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday. Barclays reduced their price target on nCino from $34.00 to $21.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 24th. BTIG Research initiated coverage on nCino in a report on Tuesday, December 16th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. lowered their price objective on nCino from $30.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of nCino in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $28.07.

nCino Price Performance

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

nCino (NASDAQ:NCNO) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.37 EPS for the quarter, topping 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 quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business posted $0.12 earnings per share. On average, sell-side analysts expect that nCino will post 0.12 earnings per share for the current year.

nCino declared that its Board of Directors has authorized a stock repurchase plan on Monday, December 8th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to repurchase up to 3.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at nCino

In related news, CEO Sean Desmond sold 16,047 shares of the business’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 value of $299,757.96. Following the completion of the transaction, the chief executive officer directly owned 602,550 shares in the company, valued at $11,255,634. The trade was a 2.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider April Rieger sold 8,078 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 value of $150,897.04. Following the completion of the transaction, the insider directly owned 221,696 shares in the company, valued at $4,141,281.28. This trade represents a 3.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 69,803 shares of company stock worth $1,345,743 in the last 90 days. Insiders own 5.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. FNY Investment Advisers LLC boosted its position in shares of nCino by 15.9% during the fourth quarter. FNY Investment Advisers LLC now owns 3,228 shares of the company’s stock valued at $82,000 after buying an additional 444 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in nCino by 68.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,127 shares of the company’s stock worth $32,000 after buying an additional 458 shares in the last quarter. US Bancorp DE raised its position in nCino by 1.6% in the 3rd quarter. US Bancorp DE now owns 32,042 shares of the company’s stock worth $869,000 after buying an additional 501 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in nCino by 186.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 948 shares of the company’s stock valued at $26,000 after acquiring an additional 617 shares during the period. Finally, Lecap Asset Management Ltd. lifted its stake in nCino by 2.3% during the 4th quarter. Lecap Asset Management Ltd. now owns 31,163 shares of the company’s stock valued at $799,000 after acquiring an additional 691 shares during the period. 94.76% of the stock is owned by institutional investors.

Key Headlines Impacting 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.