nCino (NASDAQ:NCNO) Cut to “Market Perform” at William Blair

William Blair lowered shares of nCino (NASDAQ:NCNO) from an outperform rating to a market perform rating in a report released on Wednesday, Marketbeat Ratings reports. William Blair also issued estimates for nCino’s Q2 2026 earnings at ($0.01) EPS, Q2 2026 earnings at ($0.01) EPS, Q4 2026 earnings at $0.04 EPS and Q4 2026 earnings at $0.04 EPS.

Several other brokerages also recently commented on NCNO. Scotiabank cut their price target on shares of nCino from $42.00 to $35.00 and set a “sector outperform” rating on the stock in a report on Thursday, March 27th. KeyCorp reaffirmed a “sector weight” rating on shares of nCino in a research note on Monday, February 3rd. Macquarie raised their price target on nCino from $40.00 to $43.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Raymond James dropped their price objective on nCino from $44.00 to $42.00 and set an “outperform” rating for the company in a report on Tuesday, March 25th. Finally, UBS Group started coverage on nCino in a research report on Monday, December 16th. They set a “buy” rating and a $44.00 target price for the company. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $30.33.

nCino Price Performance

NASDAQ:NCNO opened at $21.45 on Wednesday. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of -126.17, a PEG ratio of 5.77 and a beta of 0.69. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.95 and a quick ratio of 1.95. The business has a 50 day simple moving average of $30.58 and a 200-day simple moving average of $33.97. nCino has a 1 year low of $18.75 and a 1 year high of $43.20.

nCino (NASDAQ:NCNO) last issued its quarterly earnings results on Tuesday, April 1st. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.06). nCino had a positive return on equity of 1.62% and a negative net margin of 3.46%. The company had revenue of $141.37 million during the quarter, compared to the consensus estimate of $140.81 million. During the same quarter in the prior year, the business earned $0.21 earnings per share. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. Equities analysts forecast that nCino will post 0.12 EPS for the current year.

nCino declared that its Board of Directors has initiated a stock buyback plan on Tuesday, April 1st that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at nCino

In other news, Director Jeff Horing sold 54,876 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $35.00, for a total value of $1,920,660.00. Following the sale, the director now directly owns 4,458,591 shares in the company, valued at approximately $156,050,685. This trade represents a 1.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sean Desmond sold 5,034 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $32.60, for a total transaction of $164,108.40. Following the transaction, the chief executive officer now owns 306,477 shares of the company’s stock, valued at approximately $9,991,150.20. This trade represents a 1.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 146,864 shares of company stock valued at $4,215,221 over the last ninety days. 28.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On nCino

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of nCino by 9.6% in the 4th quarter. Vanguard Group Inc. now owns 10,830,773 shares of the company’s stock worth $363,697,000 after purchasing an additional 948,282 shares in the last quarter. Wasatch Advisors LP raised its stake in nCino by 171.9% in the fourth quarter. Wasatch Advisors LP now owns 6,177,783 shares of the company’s stock valued at $207,450,000 after buying an additional 3,905,802 shares during the last quarter. Capital International Investors boosted its holdings in nCino by 57.4% in the fourth quarter. Capital International Investors now owns 4,691,204 shares of the company’s stock worth $157,531,000 after acquiring an additional 1,710,893 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of nCino by 139.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,241,017 shares of the company’s stock worth $108,834,000 after acquiring an additional 1,889,283 shares during the last quarter. Finally, Soma Equity Partners LP increased its holdings in shares of nCino by 5.7% during the fourth quarter. Soma Equity Partners LP now owns 2,917,681 shares of the company’s stock valued at $97,976,000 after acquiring an additional 156,238 shares in the last quarter. 94.76% of the stock is owned by hedge funds and other institutional investors.

About nCino

nCino, Inc, a software-as-a-service company, provides cloud-based software applications to financial institutions in the United States and internationally. Its nCino Bank Operating System connects financial institution employees, clients and third parties on a single cloud-based platform which include client onboarding, deposit account opening, loan origination, end-to-end mortgage suite, and powerful ecosystem.