Truist Financial Raises nCino (NASDAQ:NCNO) Price Target to $20.00

Key Points

• Truist Financial raised nCino’s price target to $20 from $19 while maintaining a “hold” rating, implying approximately 5.77% downside from the stock’s $21.23 price.
• Analyst sentiment remains mixed, although MarketBeat data shows a consensus “Moderate Buy” rating and an average price target of $25.00.
• nCino shares have recently gained institutional support, with institutions owning 94.76% of the stock, while insiders sold shares primarily to cover tax obligations related to vested equity awards.

nCino (NASDAQ:NCNO - Get Free Report) had its target price upped by investment analysts at Truist Financial from $19.00 to $20.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "hold" rating on the stock. Truist Financial's price objective suggests a potential downside of 5.77% from the company's current price.

Several other equities analysts also recently commented on NCNO. The Goldman Sachs Group decreased their target price on nCino from $24.00 to $21.00 and set a "neutral" rating on the stock in a research report on Thursday, May 14th. Keefe, Bruyette & Woods restated an "outperform" rating on shares of nCino in a research note on Wednesday, June 24th. BTIG Research reaffirmed a "neutral" rating on shares of nCino in a report on Wednesday. JPMorgan Chase & Co. raised their price target on nCino from $16.00 to $17.00 and gave the stock a "neutral" rating in a research report on Monday, June 22nd. Finally, Zacks Research cut shares of nCino from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $25.00.

nCino Stock Performance

NCNO traded up $0.41 on Wednesday, reaching $21.23. The company had a trading volume of 1,411,476 shares, compared to its average volume of 2,911,661. nCino has a fifty-two week low of $13.80 and a fifty-two week high of $33.92. The stock has a market cap of $2.33 billion, a P/E ratio of 176.88 and a beta of 0.66. The company'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 Buying and Selling at nCino

In other nCino news, Director Pierre Naude sold 4,677 shares of the firm'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 value of $89,891.94. Following the sale, the director owned 1,116,707 shares in the company, valued at $21,463,108.54. This trade represents a 0.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider April Rieger sold 7,852 shares of the business's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $19.22, for a total transaction of $150,915.44. Following the sale, the insider directly owned 375,749 shares in the company, valued at approximately $7,221,895.78. The trade was a 2.05% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 83,350 shares of company stock worth $1,568,144 over the last 90 days. 1.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On nCino

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hawk Ridge Capital Management LP grew its holdings in shares of nCino by 625.4% during the first quarter. Hawk Ridge Capital Management LP now owns 4,481,810 shares of the company's stock worth $67,138,000 after purchasing an additional 3,864,010 shares during the last quarter. Algebris UK Ltd. raised its holdings in nCino by 266.2% in the 4th quarter. Algebris UK Ltd. now owns 1,032,782 shares of the company's stock valued at $26,493,000 after buying an additional 750,744 shares during the last quarter. American Capital Management Inc. raised its holdings in nCino by 17.1% in the 1st quarter. American Capital Management Inc. now owns 2,375,396 shares of the company's stock valued at $35,583,000 after buying an additional 347,587 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in nCino during the 4th quarter worth approximately $3,982,000. Finally, Spyglass Capital Management LLC boosted its position in nCino by 6.0% during the 1st quarter. Spyglass Capital Management LLC now owns 3,085,237 shares of the company's stock worth $46,217,000 after buying an additional 175,357 shares during the period. Institutional investors 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 second-quarter fiscal 2027 revenue of $161.0 million, up 8.2% year over year and above the roughly $159.1 million consensus estimate. Adjusted earnings of $0.30 per share also exceeded Zacks’ $0.28 estimate, compared with $0.22 a year earlier. nCino Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management said banks that initially adopted nCino’s agentic AI solutions have used their first allotments of credits and returned to purchase more, signaling growing customer engagement and potential recurring revenue from AI products. Banks Double Down on nCino AI Agents
• Positive Sentiment: nCino authorized an additional $100 million stock-repurchase program, which could support per-share results and signal management confidence in the company’s valuation and cash-generation outlook. nCino Reports Second Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: Citizens JMP raised its price target from $23 to $25 and upgraded or assigned a “market outperform” view. Needham reaffirmed its “buy” rating with a $25 target, implying roughly 20% upside from the referenced price. Analyst Ratings
• Neutral Sentiment: Fiscal third-quarter revenue guidance of $161.3 million to $163.3 million and fiscal-year guidance of $644.0 million to $647.0 million were broadly consistent with analyst expectations, offering limited evidence of a major forecast change.
• Neutral Sentiment: BTIG Research reaffirmed its “neutral” rating, highlighting that analyst opinion remains mixed despite the positive quarterly developments. BTIG Reiterates Neutral Rating
• Negative Sentiment: One earnings report showed GAAP EPS of $0.05, below the $0.27 consensus estimate and down from $0.22 a year earlier. The discrepancy with adjusted EPS reflects the importance of monitoring profitability and one-time items alongside revenue growth.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source