nCino (NASDAQ:NCNO) Upgraded at Zacks Research

Key Points

• Zacks upgraded nCino (NASDAQ:NCNO) from a "hold" to a "strong‑buy," joining other bullish ratings that leave the stock with a MarketBeat average of "Moderate Buy" and an average price target of $26.07.
• nCino reported a Q4 beat (non‑GAAP EPS $0.37 vs. $0.21 estimate; revenue $149.7M) and management set FY‑2027 targets including $132M–$137M in free cash flow and 10% ACV growth, while the board authorized a $100M share repurchase.
• Despite the beat and buyback, several Wall Street firms cut price targets and issued more cautious outlooks, and recent insider selling highlights lingering skepticism about valuation and execution.

nCino (NASDAQ:NCNO - Get Free Report) was upgraded by equities researchers at Zacks Research from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other equities analysts have also recently weighed in on NCNO. Weiss Ratings reissued a "sell (d-)" rating on shares of nCino in a research report on Thursday, January 22nd. BTIG Research began coverage on nCino in a research note on Tuesday, December 16th. They issued a "neutral" rating on the stock. UBS Group reaffirmed a "buy" rating and issued a $36.00 price target on shares of nCino in a research note on Tuesday, December 9th. Needham & Company LLC lowered their price target on nCino from $38.00 to $25.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, Citizens Jmp dropped their price objective on nCino from $41.00 to $32.00 and set a "market outperform" rating for the company in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $26.07.

nCino Stock Performance

Shares of NASDAQ NCNO opened at $16.57 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.01 and a quick ratio of 1.01. nCino has a one year low of $13.80 and a one year high of $33.92. The business's 50-day moving average price is $17.19 and its two-hundred day moving average price is $22.76. The company has a market capitalization of $1.90 billion, a P/E ratio of 331.40, a price-to-earnings-growth ratio of 2.94 and a beta of 0.59.

nCino (NASDAQ:NCNO - Get Free Report) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.16. nCino had a net margin of 0.87% and a return on equity of 4.75%. The business had revenue of $149.67 million during the quarter, compared to analyst estimates of $147.41 million. During the same quarter in the previous year, the business earned $0.12 EPS. nCino's quarterly revenue was up 5.9% compared to the same quarter last year. Analysts anticipate that nCino will post 0.12 earnings per share for the current fiscal year.

nCino announced that its Board of Directors has authorized a share buyback plan on Monday, December 8th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to purchase up to 3.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its stock is undervalued.

Insider Buying and Selling at nCino

In related news, insider April Rieger sold 8,078 shares of the firm's stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $18.68, for a total value of $150,897.04. Following the completion of the sale, the insider owned 221,696 shares of the company's stock, valued at $4,141,281.28. This trade represents a 3.52% 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, CFO Gregory Orenstein sold 10,562 shares of the company's stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $18.68, for a total value of $197,298.16. Following the transaction, the chief financial officer directly owned 451,184 shares in the company, valued at approximately $8,428,117.12. This represents a 2.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 69,803 shares of company stock worth $1,345,743 over the last quarter. Corporate insiders own 5.70% of the company's stock.

Institutional Investors Weigh In On nCino

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its position in shares of nCino by 186.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 948 shares of the company's stock valued at $26,000 after acquiring an additional 617 shares during the period. CWM LLC boosted its stake in nCino by 255.8% in the 4th quarter. CWM LLC now owns 1,142 shares of the company's stock worth $29,000 after purchasing an additional 821 shares during the period. Advisors Asset Management Inc. increased its holdings in 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. AlphaQuest LLC lifted its holdings in shares of nCino by 5,022.2% in the third quarter. AlphaQuest LLC now owns 1,383 shares of the company's stock valued at $37,000 after purchasing an additional 1,356 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in nCino during the 4th quarter worth approximately $38,000. Institutional investors own 94.76% of the company's stock.

Key Stories Impacting nCino

Here are the key news stories impacting nCino this week:

• Positive Sentiment: Q4 results beat consensus — non‑GAAP EPS $0.37 vs ~$0.21 estimate and revenue ~$149.7M; management pointed to 17% ACV growth and 112% net retention, signaling healthier subscription dynamics. nCino Reports Fourth Quarter and Fiscal Year 2026 Financial Results
• Positive Sentiment: Management set FY‑2027 targets including $132M–$137M free cash flow and a 10% ACV growth target — guidance that underpins the rally by giving investors a clearer path to cash generation and stabilization. NCino outlines fiscal 2027 free cash flow of $132M-$137M
• Positive Sentiment: $100M Accelerated Share Repurchase announced — a direct capital-allocation action that typically supports near‑term EPS and signals confidence from management/board. nCino Reports Fourth Quarter and Fiscal Year 2026 Financial Results
• Positive Sentiment: Company commentary and analyst writeups point to AI adoption and platform pricing as organic upside drivers — investors are treating AI traction as a catalyst for revenue/ACV acceleration. NCNO Q4 Deep Dive: AI Adoption and Platform Pricing Drive Upside, New Leadership Announced
• Neutral Sentiment: New leadership updates and the full earnings call/transcript are now available for investors to assess execution risk and product road map; these details will matter for conviction but are neither clearly bullish nor bearish yet. nCino (NCNO) Q4 2026 Earnings Call Transcript
• Negative Sentiment: Several Wall Street firms trimmed price targets and forecasts after the print (Goldman Sachs, Keefe Bruyette & Woods, Stephens, Truist, Needham, Robert W. Baird among others) — the cuts signal lingering skepticism about valuation or longer‑term growth cadence despite the beat. These Analysts Slash Their Forecasts On nCino Following Q4 Results
• Negative Sentiment: Separate analyst notes (Morgan Stanley, Robert W. Baird) issued more pessimistic near‑term outlooks — a reminder that consensus remains mixed and that multiple price‑target downgrades could cap upside until execution proves durable. Robert W. Baird Has Lowered Expectations for nCino

About nCino

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.

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