nCino (NASDAQ:NCNO) Shares Gap Up – Here’s What Happened

Posted by Francis Steltz on May 30th, 2026

nCino Inc. (NASDAQ:NCNO – Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $15.19, but opened at $15.97. nCino shares last traded at $16.0940, with a volume of 1,720,249 shares changing hands.

Key Headlines Impacting nCino

Here are the key news stories impacting nCino this week:

Positive Sentiment: nCino reported better-than-expected Q1 results, with earnings of $0.33 per share topping estimates and sales also coming in ahead of expectations, helping fuel a sharp rally in the stock. nCino (NASDAQ:NCNO) Posts Better-Than-Expected Sales In Q1 CY2026, Stock Jumps 11.2%
Positive Sentiment: Needham reaffirmed its Buy rating and set a $25 price target, implying substantial upside from current levels. nCino had its “buy” rating reaffirmed by Needham & Company LLC.
Positive Sentiment: A Seeking Alpha piece argued that nCino is “finally investable” after a stellar quarter, while another article highlighted the stock’s low valuation versus GF Value, reinforcing the bull case. nCino Is Finally Investable After A Stellar Quarter (Upgrade)
Neutral Sentiment: Management updated FY2027 guidance, guiding revenue to $642 million-$646 million, slightly above the consensus estimate of $641.8 million; the update was supportive, but the provided EPS guidance was not fully specified.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of nCino from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday. Needham & Company LLC restated a “buy” rating and issued a $25.00 price objective on shares of nCino in a report on Thursday. Zacks Research upgraded shares of nCino from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. Morgan Stanley reduced their price objective on shares of nCino from $36.00 to $21.00 and set an “overweight” rating on the stock in a report on Monday, March 30th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of nCino from $30.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $25.21.

View Our Latest Research Report on nCino

nCino Price Performance

The company’s 50 day moving average is $16.52 and its 200 day moving average is $20.01. The company has a current ratio of 0.89, a quick ratio of 1.00 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 134.00 and a beta of 0.72.

nCino (NASDAQ:NCNO – Get Free Report) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.21 by $0.16. nCino had a net margin of 2.17% and a return on equity of 6.85%. The firm had revenue of $149.67 million for the quarter, compared to analyst estimates of $147.41 million. During the same period last year, the business earned $0.12 EPS. nCino’s revenue for the quarter was up 5.9% compared to the same quarter last year. Research analysts anticipate that nCino Inc. will post 0.61 EPS for the current fiscal year.

Insider Buying and Selling at nCino

In other nCino news, insider April Rieger sold 9,693 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $18.02, for a total transaction of $174,667.86. Following the transaction, the insider directly owned 383,601 shares of the company’s stock, valued at approximately $6,912,490.02. This trade represents a 2.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Pierre Naude sold 35,650 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $18.02, for a total transaction of $642,413.00. Following the transaction, the director directly owned 1,108,473 shares in the company, valued at $19,974,683.46. The trade was a 3.12% decrease in their ownership of the stock. 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. Over the last 90 days, insiders sold 164,918 shares of company stock valued at $2,900,939. Company insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in nCino by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 11,924,703 shares of the company’s stock worth $323,279,000 after purchasing an additional 201,499 shares during the last quarter. Senvest Management LLC grew its position in nCino by 30.2% during the 1st quarter. Senvest Management LLC now owns 5,308,468 shares of the company’s stock worth $79,521,000 after purchasing an additional 1,230,192 shares during the last quarter. Hawk Ridge Capital Management LP grew its position in nCino by 625.4% during the 1st quarter. Hawk Ridge Capital Management LP now owns 4,481,810 shares of the company’s stock worth $67,138,000 after purchasing an additional 3,864,010 shares during the last quarter. Spyglass Capital Management LLC grew its position in nCino by 6.0% during the 1st quarter. Spyglass Capital Management LLC now owns 3,085,237 shares of the company’s stock worth $46,217,000 after purchasing an additional 175,357 shares during the last quarter. Finally, Conestoga Capital Advisors LLC grew its position in nCino by 25.7% during the 4th quarter. Conestoga Capital Advisors LLC now owns 2,861,024 shares of the company’s stock worth $73,357,000 after purchasing an additional 585,786 shares during the last quarter. 94.76% of the stock is owned by hedge funds and other institutional investors.

nCino Company Profile

(Get Free Report)

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.