nCino (NASDAQ:NCNO) Price Target Cut to $16.00 by Analysts at JPMorgan Chase & Co.

nCino (NASDAQ:NCNO) had its target price cut by equities researchers at JPMorgan Chase & Co. from $30.00 to $16.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 3.01% from the company’s previous close.

A number of other equities analysts have also commented on NCNO. Keefe, Bruyette & Woods raised their target price on shares of nCino from $34.50 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Zacks Research downgraded nCino from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Stephens raised nCino from a “hold” rating to an “overweight” rating in a research report on Monday, October 27th. UBS Group reissued a “buy” rating and set a $36.00 price target on shares of nCino in a research report on Tuesday, December 9th. Finally, Barclays cut their price target on nCino from $37.00 to $34.00 and set an “overweight” rating on the stock in a research note on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, nCino presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.33.

nCino Trading Up 2.0%

Shares of nCino stock traded up $0.32 during trading on Wednesday, hitting $16.50. The stock had a trading volume of 445,437 shares, compared to its average volume of 2,093,450. The stock has a market cap of $1.89 billion, a PE ratio of -91.56, a PEG ratio of 3.18 and a beta of 0.55. nCino has a 12 month low of $15.68 and a 12 month high of $33.92. The firm’s fifty day simple moving average is $23.12 and its 200-day simple moving average is $25.66. 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 (NASDAQ:NCNO) last released its earnings results on Wednesday, December 3rd. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.11. The business had revenue of $152.16 million during the quarter, compared to the consensus estimate of $147.31 million. nCino had a positive return on equity of 2.28% and a negative net margin of 3.71%.The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the company earned $0.21 earnings per share. nCino has set its FY 2026 guidance at 0.900-0.910 EPS and its Q4 2026 guidance at 0.210-0.220 EPS. As a group, sell-side analysts expect that nCino will post 0.12 EPS for the current fiscal year.

nCino announced that its board has authorized a stock buyback plan on Monday, December 8th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 3.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Insider Transactions at nCino

In related news, Director Pierre Naude sold 24,273 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $18.68, for a total transaction of $453,419.64. Following the completion of the transaction, the director owned 1,166,823 shares of the company’s stock, valued at $21,796,253.64. This trade represents a 2.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Gregory Orenstein sold 10,562 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 $197,298.16. Following the completion of the sale, the chief financial officer owned 451,184 shares in the company, valued at $8,428,117.12. The trade was a 2.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 78,641 shares of company stock valued at $1,559,400 over the last quarter. Company 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. Vanguard Group Inc. grew its position in nCino by 1.7% during the third quarter. Vanguard Group Inc. now owns 11,924,703 shares of the company’s stock valued at $323,279,000 after buying an additional 201,499 shares during the period. Long Path Partners LP grew its position in shares of nCino by 61.1% during the 2nd quarter. Long Path Partners LP now owns 4,787,869 shares of the company’s stock valued at $133,917,000 after acquiring an additional 1,815,868 shares during the period. Senvest Management LLC grew its position in shares of nCino by 68.6% during the 4th quarter. Senvest Management LLC now owns 4,078,276 shares of the company’s stock valued at $104,567,000 after acquiring an additional 1,658,868 shares during the period. Conestoga Capital Advisors LLC increased its stake in shares of nCino by 25.7% in the 4th quarter. Conestoga Capital Advisors LLC now owns 2,861,024 shares of the company’s stock valued at $73,357,000 after purchasing an additional 585,786 shares in the last quarter. Finally, Bank of America Corp DE raised its position in nCino by 475.1% during the third quarter. Bank of America Corp DE now owns 2,513,686 shares of the company’s stock worth $68,146,000 after acquiring an additional 2,076,579 shares during the period. 94.76% of the stock is currently owned by institutional investors and hedge funds.

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.