The Goldman Sachs Group Cuts nCino (NASDAQ:NCNO) Price Target to $24.00

nCino (NASDAQ:NCNO) had its target price trimmed by The Goldman Sachs Group from $28.00 to $24.00 in a research note released on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other research firms have also issued reports on NCNO. Morgan Stanley dropped their price target on nCino from $36.00 to $21.00 and set an “overweight” rating on the stock in a research report on Monday, March 30th. Barclays lowered their target price on nCino from $34.00 to $21.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 24th. UBS Group reiterated a “buy” rating and issued a $36.00 price objective on shares of nCino in a report on Tuesday, December 9th. Robert W. Baird dropped their price target on shares of nCino from $34.00 to $24.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, Stephens reduced their price objective on nCino from $34.00 to $26.00 and set an “overweight” rating for the company in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.07.

nCino Price Performance

Shares of nCino stock opened at $17.10 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.00 and a quick ratio of 1.01. nCino has a 1-year low of $13.80 and a 1-year high of $33.92. The business has a 50-day moving average of $16.90 and a 200-day moving average of $22.63. The company has a market capitalization of $1.96 billion, a PE ratio of 342.00, a P/E/G ratio of 3.35 and a beta of 0.61.

nCino (NASDAQ:NCNO) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.16. nCino had a return on equity of 4.75% and a net margin of 0.87%.The firm had revenue of $149.67 million during the quarter, compared to analyst estimates of $147.41 million. During the same quarter last year, the firm earned $0.12 EPS. nCino’s quarterly revenue was up 5.9% on a year-over-year basis. As a group, equities analysts forecast that nCino will post 0.12 EPS for the current fiscal year.

nCino announced that its board has authorized a share buyback program on Monday, December 8th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 3.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In related news, SVP Jeanette Sellers sold 2,182 shares of the stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $18.26, for a total value of $39,843.32. Following the completion of the transaction, the senior vice president owned 43,219 shares of the company’s stock, valued at $789,178.94. This represents a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider April Rieger sold 5,747 shares of the stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $16.75, for a total value of $96,262.25. Following the completion of the transaction, the insider directly owned 215,949 shares of the company’s stock, valued at approximately $3,617,145.75. The trade was a 2.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 113,572 shares of company stock valued at $2,078,874 over the last 90 days. Company insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On nCino

A number of institutional investors and hedge funds have recently bought and sold shares of NCNO. Farther Finance Advisors LLC increased its stake in shares of nCino by 186.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 948 shares of the company’s stock valued at $26,000 after buying an additional 617 shares during the period. CWM LLC grew 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 period. Advisors Asset Management Inc. increased 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 worth $32,000 after purchasing an additional 458 shares in the last quarter. AlphaQuest LLC raised its holdings in shares of nCino by 5,022.2% during the third quarter. AlphaQuest LLC now owns 1,383 shares of the company’s stock worth $37,000 after acquiring an additional 1,356 shares during the period. Finally, Los Angeles Capital Management LLC bought a new stake in shares of nCino in the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 94.76% of the company’s stock.

Key Stories Impacting nCino

Here are the key news stories impacting nCino this week:

• Positive Sentiment: Earnings beat and upbeat growth outlook: nCino reported stronger?than?expected Q4 results and an improved FY27 growth outlook, which drove a post?earnings gap up and multi?day rally as investors priced in faster adoption. Read More.
• Positive Sentiment: Analyst upgrades: Several bullish moves include Piper Sandler raising nCino to “Overweight”, Barclays forecasting strong price appreciation, and Zacks upgrading the stock to “Strong?Buy” — these lift buy?side interest and support near?term demand. Read More. Read More. Read More.
• Positive Sentiment: Consensus upside in street price targets: The average of analyst price targets implies a material upside (~75% per one note), signaling that some investors still see significant recovery potential if growth and AI monetization accelerate. Read More.
• Neutral Sentiment: Business outlook detail — AI and pricing power highlighted: A deep?dive piece points to AI adoption and platform pricing as primary drivers of upside and notes a leadership change; these factors are positive but require execution to move the valuation materially. Read More.
• Negative Sentiment: Multiple cautious/pessimistic analyst notes: Several firms (Citizens JMP, Truist, Goldman Sachs, Needham, Stephens, Keefe Bruyette & Woods, Robert W. Baird) issued lowered expectations or pessimistic forecasts — adding selling pressure and capping near?term upside despite the beat. Read More. Read More. Read More. Read More. Read More. Read More. 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.