nCino (NASDAQ:NCNO) Announces Earnings Results

nCino (NASDAQ:NCNO) announced its quarterly earnings data on Tuesday. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.08, Briefing.com reports. The company had revenue of $148.82 million during the quarter, compared to the consensus estimate of $143.17 million. nCino had a negative net margin of 5.27% and a positive return on equity of 0.19%. nCino’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.14 EPS. nCino updated its FY 2026 guidance to 0.770-0.800 EPS and its Q3 2026 guidance to 0.200-0.21 EPS.

nCino Price Performance

Shares of NASDAQ NCNO opened at $28.69 on Wednesday. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of -110.35, a PEG ratio of 28.26 and a beta of 0.77. nCino has a 52 week low of $18.75 and a 52 week high of $43.20. The company’s 50-day moving average price is $28.39 and its 200 day moving average price is $27.43. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.24.

Insider Buying and Selling at nCino

In related news, CFO Gregory Orenstein sold 4,155 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $27.45, for a total value of $114,054.75. Following the sale, the chief financial officer directly owned 466,099 shares of the company’s stock, valued at approximately $12,794,417.55. This represents a 0.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sean Desmond sold 9,550 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $27.45, for a total transaction of $262,147.50. Following the completion of the transaction, the chief executive officer owned 628,603 shares in the company, valued at approximately $17,255,152.35. This trade represents a 1.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,603 shares of company stock valued at $593,002 in the last quarter. Insiders own 5.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NCNO. Millennium Management LLC lifted its holdings in nCino by 16.6% in the 1st quarter. Millennium Management LLC now owns 303,853 shares of the company’s stock valued at $8,347,000 after purchasing an additional 43,247 shares in the last quarter. Woodline Partners LP lifted its holdings in 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in 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 in the last quarter. Prudential Financial Inc. purchased a new position in nCino in the 2nd quarter valued at about $208,000. Finally, Marshall Wace LLP purchased a new position in nCino in the 2nd quarter valued at about $4,163,000. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods upped their price target on shares of nCino from $28.00 to $33.00 and gave the stock an “outperform” rating in a research note on Thursday, May 29th. Stephens upped their price target on shares of nCino from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 21st. UBS Group set a $28.00 price target on shares of nCino in a research note on Thursday, May 29th. Barclays reaffirmed an “overweight” rating and set a $31.00 price target (up from $24.00) on shares of nCino in a research note on Thursday, May 29th. Finally, Truist Financial upped their price target on shares of nCino from $21.00 to $27.00 and gave the stock a “hold” rating in a research note on Thursday, May 29th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, nCino has a consensus rating of “Moderate Buy” and a consensus price target of $31.13.

nCino Company Profile

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.