What nCino (NCNO)'s US$100 Million Buyback Amid Insight's Exit Means For Shareholders

• Earlier in December 2025, nCino, Inc. announced that its Board of Directors had authorized a stock repurchase program of up to US$100 million, to be funded through existing cash, credit capacity and future cash flows.
• This new buyback comes as Insight Holdings Group fully exited its nCino position and broader technology-sector concerns about AI profitability weighed on investor sentiment.
• Against this backdrop of a major institutional exit, we’ll explore how nCino’s US$100 million buyback authorization may influence its investment narrative.

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nCino Investment Narrative Recap

To own nCino, you need to believe in banks’ gradual shift to cloud and AI driven workflows, and in nCino’s ability to convert that into expanding, stickier subscription revenue. In the near term, execution on AI products and broader SaaS adoption remains a key catalyst, while competitive and margin pressures are the biggest risks. The new US$100 million repurchase authorization does not materially change these business drivers, though it may shape how some investors view the stock.

The most relevant recent development here is nCino’s December 8, 2025 authorization of a new US$100 million stock repurchase program, funded from cash, credit capacity and future cash flows. Coming after Insight Holdings’ full exit and during heightened skepticism about AI profitability, this new authorization extends the prior US$100 million program completed earlier in 2025, and sits alongside guidance that still depends heavily on successful adoption of nCino’s AI enabled banking solutions.

Yet while buybacks can influence sentiment, investors should also be aware of the risk that heavier AI and product investment could pressure margins if…

Read the full narrative on nCino (it's free!)

nCino's narrative projects $728.9 million revenue and $56.0 million earnings by 2028.

Uncover how nCino's forecasts yield a $35.54 fair value, a 40% upside to its current price.

Exploring Other Perspectives

Five fair value estimates from the Simply Wall St Community span roughly US$17.51 to US$35.54, underscoring how far apart individual views can be. Set against this, concerns about rising product and AI investment costs affecting margins show why it is worth weighing several different perspectives on nCino’s prospects.

Explore 5 other fair value estimates on nCino - why the stock might be worth 31% less than the current price!

Build Your Own nCino Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your nCino research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.
• Our free nCino research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate nCino's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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