nCino (NASDAQ:NCNO) Issues Q1 Earnings Guidance

nCino (NASDAQ:NCNO - Get Free Report) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.15-0.16 for the period, compared to the consensus estimate of $0.21. The company issued revenue guidance of $138.75-140.75 million, compared to the consensus revenue estimate of $145.22 million. nCino also updated its FY 2026 guidance to 0.660-0.690 EPS.

nCino Stock Down 1.2 %

Shares of NASDAQ NCNO traded down $0.26 during midday trading on Friday, reaching $21.45. The company's stock had a trading volume of 3,429,119 shares, compared to its average volume of 1,312,249. The stock has a 50 day simple moving average of $30.58 and a 200-day simple moving average of $34.00. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.20. The stock 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. nCino has a fifty-two week low of $18.75 and a fifty-two week high of $43.20.

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

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nCino announced that its Board of Directors has initiated a share repurchase program on Tuesday, April 1st that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 3.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods lowered their target price on shares of nCino from $40.00 to $28.00 and set an "outperform" rating on the stock in a report on Thursday. Stephens restated an "equal weight" rating and set a $38.00 price objective on shares of nCino in a research note on Wednesday. Bank of America cut shares of nCino from a "buy" rating to a "neutral" rating and set a $22.00 target price on the stock. in a report on Wednesday. Piper Sandler reduced their price target on nCino from $38.00 to $28.00 and set a "neutral" rating for the company in a report on Wednesday. Finally, Barclays dropped their price objective on nCino from $44.00 to $24.00 and set an "overweight" rating on the stock in a research note on Wednesday. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, nCino presently has an average rating of "Hold" and a consensus price target of $30.33.

Insiders Place Their Bets

In other nCino news, insider April Rieger sold 7,881 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $20.86, for a total transaction of $164,397.66. Following the transaction, the insider now owns 138,072 shares in the company, valued at $2,880,181.92. This trade represents a 5.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sean Desmond sold 5,034 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $32.60, for a total value of $164,108.40. Following the sale, the chief executive officer now directly owns 306,477 shares in the company, valued at approximately $9,991,150.20. This trade represents a 1.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 146,864 shares of company stock worth $4,215,221 in the last quarter. Corporate insiders own 28.40% of the company's stock.

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.