nCino (NASDAQ:NCNO) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of nCino (NASDAQ:NCNO) from a buy rating to a hold rating in a research report report published on Saturday.

NCNO has been the subject of a number of other research reports. Weiss Ratings upgraded shares of nCino from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, May 28th. Citigroup reaffirmed a “market outperform” rating on shares of nCino in a report on Monday, June 22nd. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of nCino in a research note on Wednesday, June 24th. Citizens Jmp decreased their target price on nCino from $32.00 to $23.00 and set a “market outperform” rating on the stock in a report on Monday, May 18th. Finally, The Goldman Sachs Group lowered their target price on nCino from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $25.29.

nCino Price Performance

NASDAQ:NCNO opened at $19.17 on Friday. The firm has a market cap of $2.10 billion, a PE ratio of 159.75 and a beta of 0.66. nCino has a 12 month low of $13.80 and a 12 month high of $33.92. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.31. The company’s 50-day moving average price is $16.76 and its two-hundred day moving average price is $17.09.

Insiders Place Their Bets

In related news, CEO Sean Desmond sold 11,815 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $19.53, for a total value of $230,746.95. Following the completion of the transaction, the chief executive officer owned 1,231,080 shares in the company, valued at $24,042,992.40. The trade was a 0.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider April Rieger sold 7,852 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $19.22, for a total value of $150,915.44. Following the transaction, the insider directly owned 375,749 shares in the company, valued at approximately $7,221,895.78. This represents a 2.05% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 83,350 shares of company stock valued at $1,568,144 over the last quarter. Company insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On nCino

Several hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC raised its holdings in nCino by 16.6% during the 1st quarter. Millennium Management LLC now owns 303,853 shares of the company’s stock worth $8,347,000 after purchasing an additional 43,247 shares during the last quarter. Woodline Partners LP boosted its stake in shares of nCino by 105.3% in the 1st quarter. Woodline Partners LP now owns 13,227 shares of the company’s stock valued at $363,000 after purchasing an additional 6,783 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of nCino by 16.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 281,435 shares of the company’s stock valued at $7,731,000 after purchasing an additional 39,345 shares during the last quarter. Prudential Financial Inc. acquired a new stake in shares of nCino during the 2nd quarter worth approximately $208,000. Finally, Marshall Wace LLP bought a new stake in shares of nCino during the second quarter worth approximately $4,163,000. 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: nCino released Mortgage MCP, a capability that allows lenders to connect AI agents directly to the nCino Mortgage Suite while preserving the company’s compliance, permissions and governance framework. The product could strengthen nCino’s competitive position as banks seek to deploy AI safely and automate mortgage workflows. nCino Mortgage MCP announcement
• Positive Sentiment: Conestoga Capital Advisors’ second-quarter investor letter highlighted nCino’s durable expansion prospects amid improving sentiment toward small-cap growth stocks. Conestoga has also increased its nCino position, reinforcing the view that institutional investors see long-term potential in the company’s cloud-based banking platform. Conestoga Capital Advisors investor letter
• Neutral Sentiment: Analyst sentiment remains broadly favorable, with a consensus “Moderate Buy” rating and an average price target of $25.29. However, ratings are mixed: Needham and Keefe, Bruyette & Woods remain positive, while Goldman Sachs and JPMorgan maintain neutral views, and Zacks recently downgraded the stock to Hold.
• Negative Sentiment: Several executives and insiders sold shares, including the CEO, CFO, director Pierre Naude and other senior personnel. The transactions totaled approximately 67,000 shares and were made under pre-arranged Rule 10b5-1 plans to cover tax withholding on vested equity awards, making them less concerning than discretionary sales; nevertheless, the volume may weigh on short-term sentiment. nCino insider transactions
• Negative Sentiment: nCino’s valuation remains demanding, with a price-to-earnings ratio above 150. Recent analyst target cuts, including reductions by Goldman Sachs and Citizens JMP, could limit upside unless the company delivers stronger growth and profitability.

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.