nCino (NASDAQ:NCNO) Issues FY26 Earnings Guidance

nCino (NASDAQ:NCNO - Get Free Report) issued an update on its FY26 earnings guidance on Tuesday morning. The company provided EPS guidance of $0.66-0.69 for the period, compared to the consensus EPS estimate of $0.88. The company issued revenue guidance of $574.5-578.5 million, compared to the consensus revenue estimate of $612.09 million. nCino also updated its FY 2026 guidance to 0.660-0.690 EPS.

nCino Price Performance

NCNO stock traded down $0.26 during midday trading on Friday, reaching $21.45. 3,429,119 shares of the stock were exchanged, compared to its average volume of 1,312,249. 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 stock has a market capitalization of $2.48 billion, a PE ratio of -126.17, a P/E/G ratio of 5.77 and a beta of 0.69. nCino has a 52 week low of $18.75 and a 52 week high of $43.20. The company has a fifty day moving average price of $30.58 and a 200 day moving average price of $34.00.

nCino (NASDAQ:NCNO - Get Free Report) last released its quarterly earnings results on Tuesday, April 1st. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.06). The firm had revenue of $141.37 million for the quarter, compared to the consensus estimate of $140.81 million. nCino had a positive return on equity of 1.62% and a negative net margin of 3.46%. The business's revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 earnings per share. As a group, analysts expect that nCino will post 0.12 EPS for the current fiscal year.

Remove Ads

nCino declared that its board has initiated a stock buyback plan on Tuesday, April 1st that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to reacquire up to 3.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

NCNO has been the topic of several analyst reports. Morgan Stanley reduced their price objective on shares of nCino from $39.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Wednesday. UBS Group set a $40.00 target price on shares of nCino in a research report on Friday, March 28th. Raymond James dropped their price target on shares of nCino from $42.00 to $32.00 and set an "outperform" rating on the stock in a research report on Wednesday. The Goldman Sachs Group cut shares of nCino from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $42.00 to $24.00 in a research report on Wednesday. Finally, William Blair downgraded shares of nCino from an "outperform" rating to a "market perform" rating in a research note on Wednesday. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $30.33.

Insider Activity at nCino

In other nCino news, Director Jeff Horing sold 54,876 shares of the business's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $35.00, for a total transaction of $1,920,660.00. Following the completion of the sale, the director now owns 4,458,591 shares in the company, valued at approximately $156,050,685. The trade was a 1.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Gregory Orenstein sold 5,148 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $32.60, for a total transaction of $167,824.80. Following the completion of the sale, the chief financial officer now owns 271,744 shares of the company's stock, valued at approximately $8,858,854.40. This represents a 1.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 146,864 shares of company stock valued at $4,215,221 in the last three months. Corporate insiders own 28.40% of the company's stock.

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.