nCino Announces Workforce and Office Space Reductions

nCino ( (NCNO) ) has provided an update.

On May 27, 2025, nCino, Inc. announced a workforce reduction of approximately seven percent and office space reductions in certain markets to improve operational efficiencies. The company anticipates incurring charges between $7.5 to $9.0 million in the second quarter of fiscal 2026, primarily for severance, related benefits, and asset disposals, with the aim of excluding these charges from its non-GAAP financial measures.

The most recent analyst rating on (NCNO) stock is a Buy with a $44.00 price target. To see the full list of analyst forecasts on nCino stock, see the NCNO Stock Forecast page.

Spark’s Take on NCNO Stock

According to Spark, TipRanks’ AI Analyst, NCNO is a Neutral.

The overall stock score is primarily influenced by strong financial performance, despite ongoing losses and reliance on external financing. The earnings call provides optimism with strategic initiatives and growth potential, but technical indicators and valuation metrics highlight existing challenges. The company’s focus on AI and international expansion are positive signs, but macroeconomic headwinds and execution issues in Europe remain significant risks.

To see Spark’s full report on NCNO stock, click here.

More about nCino

nCino, Inc. operates in the financial technology industry, providing cloud-based banking solutions designed to enhance the efficiency and transparency of financial institutions. The company’s primary products focus on streamlining banking operations and improving customer experiences.

Average Trading Volume: 2,312,392

Technical Sentiment Signal: Sell

Current Market Cap: $3.03B

Learn more about NCNO stock on TipRanks’ Stock Analysis page.