nCino (NASDAQ:NCNO) Releases Quarterly Earnings Results, Misses Estimates By $0.14 EPS

nCino (NASDAQ:NCNO - Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.14), Zacks reports. The business had revenue of $144.14 million for the quarter, compared to analyst estimates of $139.77 million. nCino had a positive return on equity of 1.62% and a negative net margin of 3.46%. The company's revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.19 EPS. nCino updated its Q2 2026 guidance to 0.130-0.140 EPS and its FY 2026 guidance to 0.690-0.720 EPS.

nCino Stock Up 0.4%

Shares of nCino stock traded up $0.11 on Friday, hitting $26.44. 2,357,410 shares of the company traded hands, compared to its average volume of 1,515,468. nCino has a 12-month low of $18.75 and a 12-month high of $43.20. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.20. The company has a market cap of $3.05 billion, a PE ratio of -155.52, a PEG ratio of 5.77 and a beta of 0.71. The company has a 50-day moving average price of $24.41 and a 200 day moving average price of $30.77.

Insider Buying and Selling

In other nCino news, insider April Rieger sold 7,881 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $20.86, for a total transaction of $164,397.66. Following the transaction, the insider now owns 138,072 shares in the company, valued at $2,880,181.92. This trade represents a 5.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Jeanette Sellers sold 2,167 shares of nCino stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $22.79, for a total transaction of $49,385.93. Following the completion of the transaction, the vice president now directly owns 27,108 shares in the company, valued at approximately $617,791.32. This represents a 7.40% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 141,060 shares of company stock worth $3,101,115. Corporate insiders own 5.70% of the company's stock.

Institutional Trading of nCino

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Woodline Partners LP increased its holdings in shares of 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 purchasing an additional 6,783 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in nCino by 16.3% during 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 worth $7,731,000 after buying an additional 39,345 shares in the last quarter. Finally, Millennium Management LLC grew its position 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 in the last quarter. Institutional investors and hedge funds own 94.76% of the company's stock.

nCino announced that its Board of Directors has initiated a share repurchase plan on Tuesday, April 1st that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to buy up to 3.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on NCNO shares. Scotiabank reiterated a "sector perform" rating and issued a $26.00 target price (up previously from $19.00) on shares of nCino in a research report on Wednesday, May 21st. Raymond James lowered their price target on nCino from $42.00 to $32.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 2nd. Stephens boosted their price objective on nCino from $24.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 21st. Needham & Company LLC reaffirmed a "buy" rating and set a $33.00 target price on shares of nCino in a research note on Thursday. Finally, Keefe, Bruyette & Woods boosted their price target on shares of nCino from $28.00 to $33.00 and gave the stock an "outperform" rating in a research report on Thursday. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $30.80.

nCino Company Profile

nCino, Inc, a software-as-a-service company, provides cloud-based software applications to financial institutions in the United States and internationally. Its nCino Bank Operating System connects financial institution employees, clients and third parties on a single cloud-based platform which include client onboarding, deposit account opening, loan origination, end-to-end mortgage suite, and powerful ecosystem.