Keefe, Bruyette & Woods Issues Pessimistic Forecast for nCino (NASDAQ:NCNO) Stock Price

nCino (NASDAQ:NCNO) had its price objective decreased by investment analysts at Keefe, Bruyette & Woods from $36.00 to $24.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 42.78% from the stock’s previous close.

Several other equities research analysts also recently issued reports on NCNO. Piper Sandler upgraded shares of nCino from a “neutral” rating to an “overweight” rating and decreased their price objective for the stock from $30.00 to $22.00 in a research note on Wednesday. UBS Group reissued a “buy” rating and issued a $36.00 target price on shares of nCino in a research note on Tuesday, December 9th. Stephens reduced their target price on shares of nCino from $34.00 to $26.00 and set an “overweight” rating on the stock in a report on Wednesday. Zacks Research cut shares of nCino from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Finally, JPMorgan Chase & Co. lowered their price target on nCino from $30.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, nCino has a consensus rating of “Moderate Buy” and a consensus target price of $26.00.

nCino Trading Up 12.2%

NASDAQ:NCNO traded up $1.83 during trading hours on Wednesday, reaching $16.81. 6,541,743 shares of the company were exchanged, compared to its average volume of 2,331,390. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of -93.03, a PEG ratio of 2.84 and a beta of 0.59. nCino has a 52-week low of $13.80 and a 52-week high of $33.92. The stock has a 50 day simple moving average of $17.32 and a 200 day simple moving average of $22.80.

nCino (NASDAQ:NCNO) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.21 by $0.16. The company had revenue of $149.67 million during the quarter, compared to analyst estimates of $147.41 million. nCino had a positive return on equity of 2.28% and a negative net margin of 3.71%.The firm’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.12 earnings per share. As a group, analysts predict that nCino will post 0.12 EPS for the current year.

nCino announced that its Board of Directors has initiated a stock buyback plan on Monday, December 8th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to reacquire up to 3.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at nCino

In other news, CFO Gregory Orenstein sold 10,562 shares of the company’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $18.68, for a total value of $197,298.16. Following the completion of the transaction, the chief financial officer directly owned 451,184 shares in the company, valued at approximately $8,428,117.12. This represents a 2.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider April Rieger sold 8,078 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $18.68, for a total transaction of $150,897.04. Following the sale, the insider directly owned 221,696 shares of the company’s stock, valued at approximately $4,141,281.28. The trade was a 3.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 69,803 shares of company stock valued at $1,345,743. 5.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On nCino

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC boosted its stake in nCino by 16.6% during the 1st quarter. Millennium Management LLC now owns 303,853 shares of the company’s stock valued at $8,347,000 after acquiring an additional 43,247 shares during the last quarter. Woodline Partners LP grew its holdings in nCino by 105.3% during the 1st quarter. Woodline Partners LP now owns 13,227 shares of the company’s stock worth $363,000 after acquiring an additional 6,783 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of nCino by 16.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 281,435 shares of the company’s stock worth $7,731,000 after purchasing an additional 39,345 shares during the last quarter. Creative Planning bought a new stake in shares of nCino in the 2nd quarter worth about $568,000. Finally, Legal & General Group Plc raised its stake in shares of nCino by 14.4% in the 2nd quarter. Legal & General Group Plc now owns 114,299 shares of the company’s stock valued at $3,197,000 after purchasing an additional 14,407 shares in the last quarter. 94.76% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting nCino

Here are the key news stories impacting nCino this week:

• Positive Sentiment: Q4 beats and business momentum — nCino reported Q4 non?GAAP EPS of $0.37 (well above consensus) and revenue of $149.7M, with ACV up ~17% YoY to $602.4M and a 112% ACV net retention rate. Those results and metrics are driving bullish investor reaction. GlobeNewswire: Q4 Results
• Positive Sentiment: Guidance and cash?flow targets — Management outlined fiscal?2027 free cash flow of $132M–$137M and is targeting ~10% ACV growth, giving a clearer path to profitability and cash generation that supports the rally. Seeking Alpha: FCF & ACV Guidance
• Positive Sentiment: $100M buyback announced — The company announced a $100M accelerated share repurchase (ASR), which is a shareholder?friendly move likely supporting the share price. GlobeNewswire: ASR
• Neutral Sentiment: Upgrades despite lower targets — Piper Sandler upgraded NCNO from Neutral to Overweight (PT down to $22) and Stephens kept an Overweight rating while lowering its PT to $26; these signal continued institutional conviction but reflect tempered upside expectations. Benzinga: Analyst Moves
• Negative Sentiment: Widespread price?target cuts — Multiple firms (Morgan Stanley, Robert W. Baird, Needham, Truist, Citizens JMP and others) slashed price targets — some sharply — which increases downward pressure and suggests analysts are re?pricing growth/profitability assumptions despite the beat. Benzinga: Analysts Slash Forecasts
• Negative Sentiment: Some bearish research notes — At least one outlet published a pessimistic outlook on the stock post?results (Morgan Stanley commentary covered by media), contributing to mixed sentiment and higher intraday volume. AmericanBankingNews: Morgan Stanley Forecast

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.