nCino (NASDAQ:NCNO) Releases FY 2026 Earnings Guidance

nCino (NASDAQ:NCNO - Get Free Report) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.690-0.720 for the period, compared to the consensus EPS estimate of 0.690. The company issued revenue guidance of $578.5 million-$582.5 million, compared to the consensus revenue estimate of $577.0 million. nCino also updated its Q2 2026 guidance to 0.130-0.140 EPS.

nCino Stock Up 0.4%

Shares of NASDAQ NCNO traded up $0.11 during midday trading on Friday, hitting $26.44. The company's stock had a trading volume of 2,357,410 shares, compared to its average volume of 1,516,681. The business's fifty day simple moving average is $24.41 and its two-hundred day simple moving average is $30.84. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.95 and a quick ratio of 1.95. nCino has a 1 year low of $18.75 and a 1 year high of $43.20. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of -155.52, a price-to-earnings-growth ratio of 5.77 and a beta of 0.71.

nCino (NASDAQ:NCNO - Get Free Report) last posted its quarterly earnings data on Tuesday, April 1st. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.06). The business had revenue of $141.37 million during the quarter, compared to analysts' expectations of $140.81 million. nCino had a negative net margin of 3.46% and a positive return on equity of 1.62%. The company's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.21 EPS. On average, equities analysts predict that nCino will post 0.12 EPS for the current year.

nCino announced that its Board of Directors has authorized a stock buyback plan on Tuesday, April 1st that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NCNO. Scotiabank reaffirmed a "sector perform" rating and issued a $26.00 target price (up previously from $19.00) on shares of nCino in a report on Wednesday, May 21st. Truist Financial raised their target price on shares of nCino from $21.00 to $27.00 and gave the company a "hold" rating in a report on Thursday. UBS Group set a $28.00 target price on shares of nCino in a report on Thursday. Bank of America raised their target price on shares of nCino from $22.00 to $26.00 and gave the company a "neutral" rating in a report on Thursday, April 10th. Finally, Needham & Company LLC reissued a "buy" rating and set a $33.00 price objective on shares of nCino in a report on Thursday. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, nCino has an average rating of "Hold" and a consensus target price of $30.80.

Insider Activity

In related news, CEO Sean Desmond sold 12,339 shares of nCino stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $23.00, for a total value of $283,797.00. Following the transaction, the chief executive officer now directly owns 637,405 shares in the company, valued at $14,660,315. This trade represents a 1.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Gregory Orenstein sold 12,101 shares of nCino stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $20.86, for a total transaction of $252,426.86. Following the completion of the transaction, the chief financial officer now owns 259,643 shares in the company, valued at approximately $5,416,152.98. This trade represents a 4.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 141,060 shares of company stock valued at $3,101,115 in the last ninety days. 5.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On nCino

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in 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 valued at $7,731,000 after buying an additional 39,345 shares during the last quarter. Woodline Partners LP grew its position in nCino by 105.3% in the 1st quarter. Woodline Partners LP now owns 13,227 shares of the company's stock valued at $363,000 after buying an additional 6,783 shares during the last quarter. Finally, Millennium Management LLC boosted its position in shares of nCino by 16.6% during the 1st quarter. Millennium Management LLC now owns 303,853 shares of the company's stock worth $8,347,000 after purchasing an additional 43,247 shares in the last quarter. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

About nCino

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.