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NCNO · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is nCino, Inc. Common Stock (NCNO) stock moving?
No news items or SEC filings were found for nCino in the 14 days (news) or 45 days (filings) before Nov 10, 2026, so this view rests only on the last 30 trading days of price and volume. The stock has been range-bound between about $21.84 and $23.78, with no sustained trend. On Nov 10 it closed at $22.47, down 2.0% from $22.94, near the lower half of the range. Volume was 1.57M shares, below the 30-day average and well under the 3.64M spike on Oct 28, when the stock hit the period low. Without a catalyst, the price action suggests consolidation rather than a directional move. The short-term tilt is slightly negative after the latest down day, but the evidence is thin.
About nCino, Inc. Common Stock
nCino, based in Wilmington, North Carolina, makes cloud-based software for banks, credit unions and mortgage lenders. It started as a commercial-lending workflow tool built inside a bank and has grown into a broader platform with AI features, serving more than 2,700 financial institutions around the world, from community banks to some of the largest lenders.
How it makes money
Most of its revenue, roughly 89%, comes from subscriptions. Customers sign non-cancelable contracts that usually run three to five years and give them access to the nCino Platform for lending, account opening, mortgages and data/AI tools. The rest comes from professional services such as implementation and setup. Total revenue was about $161 million in the quarter ended July 2026, up about 8% from a year earlier. Fiscal 2026 subscription revenue was about $523 million.
What usually moves NCNO
- Bank technology spending and the health of regional banks
- Subscription growth and customer net retention
- Adoption of its AI features and wins with large enterprise banks
- Loan and mortgage volumes driven by interest rates
- Profit margins, free cash flow and share buybacks