nCino’s (NCNO) Buy Rating Reaffirmed at Needham & Company LLC

nCino (NASDAQ:NCNO)‘s stock had its “buy” rating reaffirmed by equities researchers at Needham & Company LLC in a note issued to investors on Wednesday, Marketbeat Ratings reports. They currently have a $25.00 target price on the stock. Needham & Company LLC’s price target suggests a potential upside of 20.13% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Wall Street Zen raised nCino from a “hold” rating to a “buy” rating in a research report on Saturday. The Goldman Sachs Group dropped their price target on nCino from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, May 14th. Zacks Research downgraded nCino from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Barclays reiterated an “overweight” rating and issued a $23.00 target price on shares of nCino in a report on Wednesday. Finally, UBS Group set a $25.00 target price on shares of nCino in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, nCino presently has an average rating of “Moderate Buy” and a consensus target price of $24.79.

nCino Stock Down 0.7%

Shares of NCNO stock opened at $20.81 on Wednesday. nCino has a 1 year low of $13.80 and a 1 year high of $33.92. The stock has a market cap of $2.28 billion, a PE ratio of 173.42 and a beta of 0.66. The business’s fifty day moving average is $17.90 and its 200-day moving average is $16.87. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.89 and a current ratio of 0.89.

Insider Activity at nCino

In related news, SVP Jeanette Sellers sold 1,536 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $19.53, for a total transaction of $29,998.08. Following the completion of the sale, the senior vice president directly owned 48,453 shares in the company, valued at approximately $946,287.09. This trade represents a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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. Also, CFO Gregory Orenstein sold 11,780 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $19.22, for a total transaction of $226,411.60. Following the transaction, the chief financial officer directly owned 690,513 shares in the company, valued at $13,271,659.86. The trade was a 1.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 83,350 shares of company stock worth $1,568,144. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On nCino

A number of institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its holdings in shares of nCino by 76.2% during the fourth quarter. Farther Finance Advisors LLC now owns 1,670 shares of the company’s stock worth $43,000 after acquiring an additional 722 shares in the last quarter. Captrust Financial Advisors increased its holdings in nCino by 1.2% in the third quarter. Captrust Financial Advisors now owns 62,747 shares of the company’s stock worth $1,701,000 after buying an additional 743 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in nCino by 14.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,958 shares of the company’s stock valued at $153,000 after acquiring an additional 765 shares in the last quarter. CWM LLC lifted its stake in nCino by 255.8% in 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 during the last quarter. Finally, Quarry LP grew its position in nCino by 138.2% in the third quarter. Quarry LP now owns 1,701 shares of the company’s stock worth $46,000 after acquiring an additional 987 shares in the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

Key Headlines Impacting nCino

Here are the key news stories impacting nCino this week:

• Positive Sentiment: nCino reported adjusted earnings of $0.30 per share, above the $0.28 consensus estimate and up from $0.22 a year earlier. Revenue reached approximately $161 million, increased 8.2% year over year, and exceeded analyst expectations. nCino Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management said early customers are using their initial credits for nCino’s agentic AI solutions and returning to purchase additional credits. This suggests growing customer engagement and potential recurring revenue opportunities for the company’s AI banking platform. Banks Double Down on nCino AI Agents
• Positive Sentiment: The board authorized an additional $100 million stock-repurchase program. Buybacks can support per-share results and signal that management believes the shares are attractively valued. nCino Reports Second Quarter Fiscal Year 2027 Financial Results
• Neutral Sentiment: Fiscal third-quarter revenue guidance of $161.3 million to $163.3 million and full-year revenue guidance of $644 million to $647 million are broadly consistent with analyst expectations, offering limited evidence of a major forecast upgrade. nCino Q2 2027 Earnings Call Transcript
• Negative Sentiment: One report showed GAAP EPS of $0.05, substantially below the $0.27 consensus estimate, despite the adjusted-earnings beat. The discrepancy may concern investors, particularly with NCNO trading at a high earnings multiple. nCino Earnings Report

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.