The Goldman Sachs Group Cuts nCino (NASDAQ:NCNO) Price Target to $24.00

Key Points

• The Goldman Sachs Group cut nCino's price target to $24 (from $28) and kept a "neutral" rating, a level that implies roughly a 42% upside from the stock's mid‑day price of $16.88.
• nCino delivered a Q4 beat (non‑GAAP EPS $0.37 vs. $0.21 and revenue $149.7M), reported ACV up ~17% with 112% net retention, and announced a $100M share‑repurchase alongside fiscal‑2027 FCF guidance of $132–$137M.
• Several firms have trimmed price targets (examples: Truist to $19, Barclays to $21, Needham to $25), yet the MarketBeat consensus remains a Moderate Buy with an average target of $26; insiders have been net sellers while institutions own about 94.8% of shares.

nCino (NASDAQ:NCNO - Get Free Report) had its price target dropped by equities research analysts at The Goldman Sachs Group from $28.00 to $24.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. The Goldman Sachs Group's price target indicates a potential upside of 42.16% from the company's current price.

Other equities research analysts also recently issued research reports about the company. Truist Financial lowered their price objective on nCino from $27.00 to $19.00 and set a "hold" rating on the stock in a research report on Wednesday. Barclays reduced their target price on nCino from $34.00 to $21.00 and set an "overweight" rating for the company in a research report on Tuesday, March 24th. Needham & Company LLC decreased their target price on nCino from $38.00 to $25.00 and set a "buy" rating on the stock in a research note on Wednesday. Zacks Research cut nCino from a "strong-buy" rating to a "hold" rating in a report on Monday, February 2nd. Finally, Keefe, Bruyette & Woods dropped their price target on nCino from $36.00 to $24.00 and set an "outperform" rating for the company in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $26.00.

nCino Price Performance

NASDAQ:NCNO traded up $1.90 during mid-day trading on Wednesday, hitting $16.88. 9,578,871 shares of the stock traded hands, compared to its average volume of 2,380,110. The business's 50-day moving average price is $17.32 and its 200 day moving average price is $22.80. The company has a market cap of $1.94 billion, a PE ratio of -94.26, a price-to-earnings-growth ratio of 2.84 and a beta of 0.59. nCino has a 12-month low of $13.80 and a 12-month high of $33.92. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.24.

nCino (NASDAQ:NCNO - Get Free Report) last posted its earnings results on Tuesday, March 31st. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.16. nCino had a negative net margin of 3.71% and a positive return on equity of 2.28%. The business had revenue of $149.67 million for the quarter, compared to analysts' expectations of $147.41 million. During the same period in the prior year, the company posted $0.12 EPS. The business's revenue for the quarter was up 5.9% compared to the same quarter last year. On average, analysts expect that nCino will post 0.12 EPS for the current fiscal year.

nCino declared that its Board of Directors has initiated a stock repurchase program on Monday, December 8th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to purchase up to 3.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Pierre Naude sold 24,273 shares of the company's stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $18.68, for a total value of $453,419.64. Following the completion of the transaction, the director directly owned 1,166,823 shares in the company, valued at approximately $21,796,253.64. This represents a 2.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sean Desmond sold 16,047 shares of the company's stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $18.68, for a total value of $299,757.96. Following the completion of the transaction, the chief executive officer owned 602,550 shares of the company's stock, valued at $11,255,634. The trade was a 2.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 69,803 shares of company stock valued at $1,345,743 over the last quarter. Insiders own 5.70% of the company's stock.

Institutional Trading of nCino

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC bought a new position in nCino during the fourth quarter valued at approximately $3,982,000. Rockefeller Capital Management L.P. lifted its holdings in shares of nCino by 66.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 383,812 shares of the company's stock worth $9,841,000 after acquiring an additional 153,162 shares during the last quarter. Alpine Global Management LLC purchased a new stake in shares of nCino in the 4th quarter valued at $206,000. Invesco Ltd. boosted its stake in shares of nCino by 13.6% in the 4th quarter. Invesco Ltd. now owns 168,339 shares of the company's stock valued at $4,316,000 after purchasing an additional 20,102 shares in the last quarter. Finally, XTX Topco Ltd grew its holdings in shares of nCino by 68.1% during the 4th quarter. XTX Topco Ltd now owns 82,508 shares of the company's stock valued at $2,116,000 after purchasing an additional 33,418 shares during the last quarter. Hedge funds and other institutional investors own 94.76% of the company's stock.

Trending Headlines about nCino

Here are the key news stories impacting nCino this week:

• Positive Sentiment: Q4 beat — nCino posted non‑GAAP EPS of $0.37 (vs. $0.21 est.) and revenue of $149.7M, beating consensus and marking another strong quarter of EPS surprises. Read More.
• Positive Sentiment: Customer metrics improve — Annual Contract Value (ACV) rose ~17% to $602.4M with a 112% net retention rate, signaling healthy customer traction and recurring revenue growth. Read More.
• Positive Sentiment: Shareholder returns & FCF guide — Management outlined fiscal 2027 free cash flow of $132M–$137M and announced a $100M accelerated share repurchase, which can support EPS and investor sentiment. Read More.
• Neutral Sentiment: Analysts still see upside despite cuts — Several firms cut targets but kept constructive stances (examples: Keefe KBW to $24, Stephens to $26, Citizens JMP to $32, Needham to $25), leaving implied upside from current levels. Read More.
• Negative Sentiment: Multiple price‑target reductions — A cluster of firms trimmed targets (some sharply), reflecting reduced conviction on valuation or longer‑term growth cadence; Morgan Stanley also cut its target and issued a cautious note. Read More.
• Negative Sentiment: Mixed signals on re‑rating — Strong near‑term results and buybacks are offset by lower long‑run estimates from analysts, leaving the stock in a tug‑of‑war between fundamental momentum and valuation/forecast risk. Read More.

nCino Company Profile

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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