Needham & Company LLC Cuts nCino (NASDAQ:NCNO) Price Target to $25.00

nCino (NASDAQ:NCNO) had its price objective dropped by equities research analysts at Needham & Company LLC from $38.00 to $25.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price target indicates a potential upside of 66.89% from the company’s current price.

A number of other research firms also recently issued reports on NCNO. Truist Financial cut their price objective on shares of nCino from $32.00 to $27.00 and set a “hold” rating on the stock in a report on Thursday, December 4th. Barclays lowered their target price on shares of nCino from $34.00 to $21.00 and set an “overweight” rating for the company in a report on Tuesday, March 24th. UBS Group restated a “buy” rating and set a $36.00 price target on shares of nCino in a report on Tuesday, December 9th. Morgan Stanley reduced their price objective on shares of nCino from $36.00 to $21.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of nCino in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $28.07.

nCino Stock Performance

Shares of nCino stock opened at $14.98 on Wednesday. nCino has a 52 week low of $13.80 and a 52 week 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. The business has a 50 day moving average price of $17.32 and a 200-day moving average price of $22.80. The company has a market cap of $1.72 billion, a PE ratio of -83.22, a price-to-earnings-growth ratio of 2.84 and a beta of 0.59.

nCino (NASDAQ:NCNO) last announced its earnings results 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 positive return on equity of 2.28% and a negative net margin of 3.71%.The company had revenue of $149.67 million for the quarter, compared to analysts’ expectations of $147.41 million. During the same quarter in the previous year, the firm earned $0.12 earnings per share. nCino’s quarterly revenue was up 5.9% on a year-over-year basis. Equities analysts anticipate that nCino will post 0.12 earnings per share for the current fiscal year.

nCino announced that its board has approved a share repurchase program on Monday, December 8th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 3.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other nCino news, insider April Rieger sold 8,078 shares of the business’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 $150,897.04. Following the sale, the insider directly owned 221,696 shares in the company, valued at $4,141,281.28. The trade was a 3.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Pierre Naude sold 24,273 shares of the company’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $18.68, for a total value of $453,419.64. Following the transaction, the director directly owned 1,166,823 shares in the company, valued at $21,796,253.64. This represents a 2.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 69,803 shares of company stock valued at $1,345,743 in the last quarter. 5.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On nCino

Institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its stake in shares of nCino by 186.4% in the third quarter. Farther Finance Advisors LLC now owns 948 shares of the company’s stock worth $26,000 after purchasing an additional 617 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in nCino by 68.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,127 shares of the company’s stock worth $32,000 after buying an additional 458 shares during the period. CWM LLC boosted its holdings 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 buying an additional 821 shares during the period. AlphaQuest LLC grew its stake in nCino by 5,022.2% in the 3rd quarter. AlphaQuest LLC now owns 1,383 shares of the company’s stock valued at $37,000 after buying an additional 1,356 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in nCino during the 4th quarter valued at $38,000. 94.76% of the stock is owned by hedge funds and other institutional investors.

nCino News Roundup

Here are the key news stories impacting nCino this week:

• Positive Sentiment: Q4 financial beat and upbeat metrics: nCino reported $0.37 EPS vs. $0.21 consensus and revenue of $149.7M vs. $147.4M est.; FY ACV rose to $602.4M (up 17% YoY) and ACV net retention was 112%, signaling healthy subscription momentum. Read More.
• Positive Sentiment: $100M accelerated share repurchase (ASR) announced — this reduces float and supports EPS over time, a clear near-term catalyst for the stock. Read More.
• Positive Sentiment: Street reaction / price moves: multiple outlets report a sharp intraday rally following results and guidance, reflecting investor enthusiasm for the beat and outlook. Read More.
• Neutral Sentiment: Investor materials and call: company slide deck and call transcript provide more color on product adoption and go-to-market; review the transcript/slides for management’s guidance detail and cadence for revenue/ACV growth. Read More.
• Neutral Sentiment: Coverage summaries and earnings snapshots from multiple outlets (Zacks, MarketBeat, local press) reiterate the beat and growing ARR-like metrics; useful for granular analyst-model inputs. Read More.
• Negative Sentiment: Analyst price-target trims: Morgan Stanley lowered its price target (and issued a cautious note), and Robert W. Baird also trimmed its target — these moves reduce near-term analyst support despite maintained positive ratings. Read More. | Read More.
• Negative Sentiment: Caveats remain: net margin is negative and the company still shows a modest overall net loss despite GAAP beats; investors should watch guidance cadence and margin improvement timelines. Read More.

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.