Key Points
- CEO Sean Desmond sold 7,331 shares on Dec. 5 at an average price of $24.11 for $176,750, trimming his stake by 1.17% while still owning 618,597 shares valued at about $14.9 million.
- nCino topped expectations in its latest quarter, reporting $0.31 EPS vs. $0.20 consensus and $152.2M revenue (up 9.6% YoY), and the board authorized a $100 million share repurchase program (about 3.7% of shares).
- Institutional ownership is very high (≈94.8%) and analysts maintain a generally positive view (average rating "Moderate Buy" with an average target of $33.47).
nCino Inc. (NASDAQ:NCNO - Get Free Report) CEO Sean Desmond sold 7,331 shares of the business's stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $24.11, for a total transaction of $176,750.41. Following the sale, the chief executive officer directly owned 618,597 shares in the company, valued at $14,914,373.67. The trade was a 1.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Sean Desmond also recently made the following trade(s):
- On Tuesday, November 4th, Sean Desmond sold 10,006 shares of nCino stock. The stock was sold at an average price of $25.81, for a total transaction of $258,254.86.
nCino Price Performance
Shares of NASDAQ NCNO opened at $24.85 on Wednesday. The company has a 50 day simple moving average of $25.30 and a two-hundred day simple moving average of $27.44. nCino Inc. has a fifty-two week low of $18.75 and a fifty-two week high of $37.20. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of -138.06, a P/E/G ratio of 7.02 and a beta of 0.53. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.01 and a current ratio of 1.01.
nCino (NASDAQ:NCNO - Get Free Report) last posted its quarterly earnings results on Wednesday, December 3rd. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.11. nCino had a positive return on equity of 2.28% and a negative net margin of 3.71%.The company had revenue of $152.16 million for the quarter, compared to the consensus estimate of $147.31 million. During the same quarter in the prior year, the business posted $0.21 EPS. The firm's quarterly revenue was up 9.6% compared to the same quarter last year. nCino has set its FY 2026 guidance at 0.900-0.910 EPS and its Q4 2026 guidance at 0.210-0.220 EPS. Analysts expect that nCino Inc. will post 0.12 EPS for the current fiscal year.
nCino announced that its board has approved a share repurchase program on Monday, December 8th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 3.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in nCino by 1.7% in the third 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. T. Rowe Price Investment Management Inc. lifted its holdings in shares of nCino by 50.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,867,463 shares of the company's stock valued at $133,710,000 after buying an additional 1,626,446 shares during the period. Long Path Partners LP boosted its stake in shares of nCino by 61.1% in the 2nd quarter. Long Path Partners LP now owns 4,787,869 shares of the company's stock worth $133,917,000 after buying an additional 1,815,868 shares during the last quarter. Invesco Ltd. grew its holdings in shares of nCino by 3.6% in the first quarter. Invesco Ltd. now owns 2,697,437 shares of the company's stock worth $74,099,000 after acquiring an additional 94,940 shares during the period. Finally, Conestoga Capital Advisors LLC grew its holdings in shares of nCino by 24.0% in the second quarter. Conestoga Capital Advisors LLC now owns 2,669,920 shares of the company's stock worth $74,678,000 after acquiring an additional 516,635 shares during the period. 94.76% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts have recently weighed in on NCNO shares. JMP Securities raised their price target on nCino from $35.00 to $41.00 and gave the company a "market outperform" rating in a report on Wednesday, August 27th. Truist Financial dropped their target price on shares of nCino from $32.00 to $27.00 and set a "hold" rating on the stock in a research note on Thursday, December 4th. Barclays increased their price target on shares of nCino from $31.00 to $37.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Keefe, Bruyette & Woods upped their price objective on nCino from $34.50 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, December 4th. Finally, Morgan Stanley increased their target price on nCino from $33.00 to $35.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 27th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, nCino currently has an average rating of "Moderate Buy" and an average target price of $33.47.
Get Our Latest Stock Analysis on NCNO
About nCino
(
Get Free Report)
nCino, Inc, a software-as-a-service company, provides cloud-based software applications to financial institutions in the United States and internationally. Its nCino Bank Operating System connects financial institution employees, clients and third parties on a single cloud-based platform which include client onboarding, deposit account opening, loan origination, end-to-end mortgage suite, and powerful ecosystem.
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