Piper Sandler analyst Brent A. Bracelin downgraded nCino, Inc. NCNO to Neutral from Overweight, with a price forecast of $38.The company reported total revenues for the third quarter of $138.8 million, a 14% increase from the previous year. Subscription revenues also grew 14% year-over-year to $119.9 million, with a non-GAAP operating margin of 20%, up approximately 350 basis points.After the results, Bracelin reduced the 2025 revenue outlook by about $20 million due to lower mortgage and core assumptions, ...