nCino (NASDAQ:NCNO) Issues FY 2026 Earnings Guidance

nCino (NASDAQ:NCNO - Get Free Report) updated its FY 2026 earnings guidance on Wednesday. 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.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Barclays reiterated an "overweight" rating and issued a $31.00 price target (up previously from $24.00) on shares of nCino in a report on Thursday. William Blair lowered nCino from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 2nd. Stephens lifted their target price on shares of nCino from $24.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 21st. Truist Financial increased their price objective on nCino from $21.00 to $27.00 and gave the company a "hold" rating in a report on Thursday. Finally, The Goldman Sachs Group lowered shares of nCino from a "buy" rating to a "neutral" rating and lowered their price target for the company from $42.00 to $24.00 in a report on Wednesday, April 2nd. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $30.80.

nCino Stock Down 0.4%

Shares of NASDAQ NCNO traded down $0.11 during midday trading on Monday, reaching $26.19. 1,827,932 shares of the company's stock were exchanged, compared to its average volume of 1,516,700. The business's fifty day moving average price is $24.41 and its two-hundred day moving average price is $30.70. nCino has a 52-week low of $18.75 and a 52-week high of $43.20. The stock has a market capitalization of $3.02 billion, a PE ratio of -154.05, a price-to-earnings-growth ratio of 5.77 and a beta of 0.71. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.95 and a current ratio of 1.95.

nCino (NASDAQ:NCNO - Get Free Report) last issued its quarterly earnings results on Tuesday, April 1st. The company reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.06). nCino had a negative net margin of 3.46% and a positive return on equity of 1.62%. The firm had revenue of $141.37 million during the quarter, compared to the consensus estimate of $140.81 million. During the same quarter last year, the firm posted $0.21 earnings per share. nCino's revenue was up 14.3% compared to the same quarter last year. Analysts forecast 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 shares. This repurchase authorization permits the company to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Insider Transactions at nCino

In other news, CEO Sean Desmond sold 7,880 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $20.86, for a total transaction of $164,376.80. Following the completion of the sale, the chief executive officer now directly owns 298,597 shares of the company's stock, valued at $6,228,733.42. This trade represents a 2.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider April Rieger sold 7,881 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $20.86, for a total transaction of $164,397.66. Following the completion of the sale, the insider now directly owns 138,072 shares in the company, valued at $2,880,181.92. This trade represents a 5.40% decrease in their position. 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 quarter. Insiders own 5.70% of the company's stock.

Hedge Funds Weigh In On nCino

Several large investors have recently made changes to their positions in NCNO. Millennium Management LLC grew 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 buying an additional 43,247 shares during the period. Woodline Partners LP lifted its holdings in shares of nCino by 105.3% in the first quarter. Woodline Partners LP now owns 13,227 shares of the company's stock valued at $363,000 after purchasing an additional 6,783 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in nCino by 16.3% during 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 worth $7,731,000 after acquiring an additional 39,345 shares during the last quarter. Institutional investors and hedge funds own 94.76% of the company's stock.

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.