nCino (NASDAQ:NCNO) Shares Gap Up After Earnings Beat

nCino Inc. (NASDAQ:NCNO)’s share price gapped up before the market opened on Wednesday after the company announced better than expected quarterly earnings. The stock had previously closed at $14.98, but opened at $18.37. nCino shares last traded at $16.3550, with a volume of 4,005,536 shares changing hands.

The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.16. The firm had revenue of $149.67 million for the quarter, compared to the consensus estimate of $147.41 million. nCino had a negative net margin of 3.71% and a positive return on equity of 2.28%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.12 EPS.

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

Key Headlines Impacting nCino

Here are the key news stories impacting nCino this week:

• Positive Sentiment: Q4 results beat expectations: nCino reported non‑GAAP EPS of $0.37 (well above estimates) and revenue of $149.7M, with ACV up 17% and a fiscal‑year ACV net retention rate of 112%. Management also announced a $100M accelerated share repurchase program — all signals of stronger recurring revenue and capital returns. GlobeNewswire
• Positive Sentiment: Fiscal‑2027 outlook and cash generation: management outlined free cash flow guidance of $132M–$137M and a target of ~10% ACV growth, which supports valuation re‑rating if execution continues. Seeking Alpha
• Positive Sentiment: Analyst ratings largely remain constructive: several firms (Needham, Piper Sandler, Morgan Stanley, Robert W. Baird) maintained or moved to buy/overweight ratings despite trimming price targets — indicating continued analyst conviction in medium‑term growth. See Benzinga/TickerReport coverage. Benzinga TickerReport
• Neutral Sentiment: Investors are parsing the earnings call and slides for execution details (AI initiatives, ACV composition and margin cadence); transcripts and call highlights are available for deeper diligence. Yahoo Finance Earnings Call Transcript
• Negative Sentiment: Price‑target trims and forecast cuts: multiple firms cut their price targets (examples: Morgan Stanley $36→$21, Piper Sandler $30→$22, Robert W. Baird $34→$24, Needham $38→$25) and some analysts slashed near‑term forecasts, reflecting tempered expectations on margin expansion and growth cadence. Benzinga
• Negative Sentiment: Morgan Stanley published a pessimistic short‑term view on NCNO’s trajectory, which could pressure sentiment if execution or guidance misses going forward. American Banking News

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NCNO. Keefe, Bruyette & Woods boosted their price objective on nCino from $34.50 to $36.00 and gave the company an “outperform” rating in a report on Thursday, December 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of nCino in a report on Thursday, January 22nd. Needham & Company LLC decreased their target price on nCino from $38.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday. Zacks Research downgraded nCino from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Finally, Barclays dropped their price target on nCino from $34.00 to $21.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $28.07.

Insider Buying and Selling at nCino

In related news, CEO Sean Desmond sold 16,047 shares of the stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $18.68, for a total transaction of $299,757.96. Following the sale, the chief executive officer owned 602,550 shares in the company, valued at $11,255,634. This represents a 2.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Pierre Naude sold 24,273 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $18.68, for a total transaction of $453,419.64. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 69,803 shares of company stock worth $1,345,743. 5.70% of the stock is owned by company insiders.

Institutional Trading of nCino

Several hedge funds have recently made changes to their positions in NCNO. Long Path Partners LP lifted its stake in nCino by 61.1% in the second quarter. Long Path Partners LP now owns 4,787,869 shares of the company’s stock valued at $133,917,000 after buying an additional 1,815,868 shares during the last quarter. Ranger Investment Management L.P. grew its position in shares of nCino by 48.2% during the third quarter. Ranger Investment Management L.P. now owns 1,157,751 shares of the company’s stock worth $31,387,000 after acquiring an additional 376,506 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of nCino by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 11,924,703 shares of the company’s stock worth $323,279,000 after acquiring an additional 201,499 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in shares of nCino in the 3rd quarter worth about $1,397,000. Finally, Cramer Rosenthal Mcglynn LLC lifted its position in nCino by 19.8% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 375,310 shares of the company’s stock valued at $10,175,000 after purchasing an additional 62,142 shares during the last quarter. Institutional investors own 94.76% of the company’s stock.

nCino Stock Performance

The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.24. The company’s 50-day moving average is $17.32 and its two-hundred day moving average is $22.80. The stock has a market capitalization of $1.88 billion, a P/E ratio of -90.55, a P/E/G ratio of 2.84 and a beta of 0.59.

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.