nCino (NASDAQ:NCNO) Rating Lowered to "Hold" at Zacks Research

Key Points

• nCino's stock rating has been downgraded from a "strong-buy" to a "hold" by Zacks Research, reflecting a shift in market outlook.
• The company reported earnings of $0.22 per share, exceeding estimates, and its quarterly revenue increased by 12.4% year-over-year.
• Institutional investors hold 94.76% of nCino's stock, with several firms significantly increasing their stakes in the company recently.

Zacks Research downgraded shares of nCino (NASDAQ:NCNO - Free Report) from a strong-buy rating to a hold rating in a report released on Wednesday, September 3rd,Zacks.com reports.

A number of other research analysts have also recently issued reports on NCNO. Citigroup reaffirmed an "outperform" rating on shares of nCino in a report on Wednesday, August 27th. JMP Securities boosted their target price on nCino from $35.00 to $41.00 and gave the stock a "market outperform" rating in a research report on Wednesday, August 27th. Needham & Company LLC boosted their price objective on nCino from $33.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, August 27th. Piper Sandler boosted their target price on nCino from $28.00 to $34.00 and gave the company a "neutral" rating in a research note on Wednesday, August 27th. Finally, Keefe, Bruyette & Woods upped their price objective on nCino from $28.00 to $33.00 and gave the stock an "outperform" rating in a research note on Thursday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $33.94.

nCino Price Performance

Shares of NCNO traded down $0.08 on Wednesday, hitting $30.32. The company's stock had a trading volume of 1,092,525 shares, compared to its average volume of 1,794,276. The company has a market capitalization of $3.51 billion, a PE ratio of -104.68, a PEG ratio of 20.33 and a beta of 0.71. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 1.03. nCino has a fifty-two week low of $18.75 and a fifty-two week high of $43.20. The company has a 50 day moving average price of $29.24 and a 200 day moving average price of $27.28.

nCino (NASDAQ:NCNO - Get Free Report) last released its quarterly earnings results on Tuesday, August 26th. The company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.08. The firm had revenue of $148.82 million during the quarter, compared to analysts' expectations of $143.17 million. nCino had a positive return on equity of 1.18% and a negative net margin of 5.86%.The business's revenue was up 12.4% on a year-over-year basis. During the same period last year, the firm posted $0.14 EPS. nCino has set its FY 2026 guidance at 0.770-0.800 EPS. Q3 2026 guidance at 0.200-0.21 EPS. On average, research analysts anticipate that nCino will post 0.12 earnings per share for the current fiscal year.

Insider Activity

In other nCino news, insider April Rieger sold 3,028 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $27.45, for a total transaction of $83,118.60. Following the transaction, the insider owned 240,523 shares in the company, valued at $6,602,356.35. This trade represents a 1.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sean Desmond sold 9,550 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $27.45, for a total value of $262,147.50. Following the transaction, the chief executive officer owned 628,603 shares in the company, valued at $17,255,152.35. The trade was a 1.50% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,480,723 shares of company stock worth $135,667,553. Corporate insiders own 5.70% of the company's stock.

Institutional Trading of nCino

Several large investors have recently modified their holdings of the stock. TD Asset Management Inc grew its holdings in shares of nCino by 0.5% during the 2nd quarter. TD Asset Management Inc now owns 69,820 shares of the company's stock worth $1,953,000 after purchasing an additional 340 shares in the last quarter. Wallace Advisory Group LLC grew its holdings in shares of nCino by 5.2% during the 2nd quarter. Wallace Advisory Group LLC now owns 8,977 shares of the company's stock worth $247,000 after purchasing an additional 444 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of 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. Advisors Capital Management LLC grew its holdings in shares of nCino by 0.7% during the 1st quarter. Advisors Capital Management LLC now owns 66,270 shares of the company's stock worth $1,820,000 after purchasing an additional 479 shares in the last quarter. Finally, Covestor Ltd grew its holdings in shares of nCino by 27.6% during the 1st quarter. Covestor Ltd now owns 2,388 shares of the company's stock worth $66,000 after purchasing an additional 517 shares in the last quarter. 94.76% of the stock is owned by institutional investors and hedge funds.

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.