BTIG Research Reiterates “Neutral” Rating for nCino (NASDAQ:NCNO)

nCino (NASDAQ:NCNO)‘s stock had its “neutral” rating reaffirmed by equities research analysts at BTIG Research in a research note issued on Wednesday, MarketBeat reports.

A number of other research firms have also weighed in on NCNO. JPMorgan Chase & Co. raised their target price on nCino from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Monday, June 22nd. Citizens Jmp decreased their price target on nCino from $32.00 to $23.00 and set a “market outperform” rating for the company in a report on Monday, May 18th. The Goldman Sachs Group lowered their price target on nCino from $24.00 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, May 14th. Weiss Ratings upgraded nCino from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, May 28th. Finally, Barclays restated an “overweight” rating and set a $23.00 price objective on shares of nCino in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.79.

nCino Price Performance

NCNO stock opened at $20.81 on Wednesday. The company has a market capitalization of $2.28 billion, a P/E ratio of 173.42 and a beta of 0.66. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.89 and a current ratio of 0.89. nCino has a 52-week low of $13.80 and a 52-week high of $33.92. The business has a 50-day simple moving average of $17.90 and a two-hundred day simple moving average of $16.87.

Insider Activity

In other news, CEO Sean Desmond sold 28,675 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $19.22, for a total value of $551,133.50. Following the transaction, the chief executive officer owned 1,234,831 shares in the company, valued at $23,733,451.82. The trade was a 2.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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, SVP Jeanette Sellers sold 1,536 shares of the company’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 value of $29,998.08. Following the completion of the transaction, the senior vice president directly owned 48,453 shares of the company’s stock, valued at approximately $946,287.09. This represents a 3.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 90 days, insiders have sold 83,350 shares of company stock worth $1,568,144. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On nCino

A number of hedge funds have recently made changes to their positions in NCNO. Millennium Management LLC increased its holdings in nCino by 16.6% during the first quarter. Millennium Management LLC now owns 303,853 shares of the company’s stock worth $8,347,000 after buying an additional 43,247 shares during the last quarter. Woodline Partners LP boosted its stake in nCino by 105.3% in the first quarter. Woodline Partners LP now owns 13,227 shares of the company’s stock valued at $363,000 after acquiring 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 valued at $7,731,000 after acquiring an additional 39,345 shares during the last quarter. Prudential Financial Inc. bought a new position in shares of nCino during the 2nd quarter valued at approximately $208,000. Finally, Marshall Wace LLP bought a new position in shares of nCino during the 2nd quarter valued at approximately $4,163,000. 94.76% of the stock is currently owned by institutional investors.

More nCino News

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.