Key Points
- Sean Desmond, nCino's CEO, sold 15,440 shares on April 6 at an average price of $17.06 for $263,406.40 under a pre-arranged Rule 10b5-1 plan, leaving him with 589,428 shares (a 2.55% reduction, valued ≈ $10.06M).
- nCino beat quarterly expectations, reporting $0.37 EPS vs. $0.21 consensus and revenue of $149.7M (up 5.9% year-over-year), though profitability metrics remain modest.
- Several analysts have trimmed price targets (including Baird, Truist and Morgan Stanley), yet the consensus rating is a Moderate Buy with a $26.07 target while the stock trades near $17.74, well below its 52-week high.
nCino Inc. (NASDAQ:NCNO - Get Free Report) CEO Sean Desmond sold 15,440 shares of nCino stock in a transaction on Monday, April 6th. The shares were sold at an average price of $17.06, for a total value of $263,406.40. Following the completion of the sale, the chief executive officer directly owned 589,428 shares of the company's stock, valued at $10,055,641.68. This trade represents a 2.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sean Desmond also recently made the following trade(s):
- On Thursday, April 2nd, Sean Desmond sold 5,747 shares of nCino stock. The shares were sold at an average price of $16.75, for a total value of $96,262.25.
- On Tuesday, February 3rd, Sean Desmond sold 16,047 shares of nCino stock. The shares were sold at an average price of $18.68, for a total value of $299,757.96.
nCino Stock Down 1.6%
NASDAQ NCNO opened at $17.74 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.01 and a current ratio of 1.00. nCino Inc. has a 52 week low of $13.80 and a 52 week high of $33.92. The stock has a fifty day moving average of $16.54 and a 200-day moving average of $22.32. The stock has a market capitalization of $2.03 billion, a P/E ratio of 354.80, a price-to-earnings-growth ratio of 3.35 and a beta of 0.61.
nCino (NASDAQ:NCNO - Get Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.16. nCino had a return on equity of 4.75% and a net margin of 0.87%.The business had revenue of $149.67 million during the quarter, compared to analysts' expectations of $147.41 million. During the same period in the previous year, the firm earned $0.12 earnings per share. The firm's quarterly revenue was up 5.9% compared to the same quarter last year. On average, equities research analysts forecast that nCino Inc. will post 0.12 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on NCNO. Robert W. Baird decreased their target price on nCino from $34.00 to $24.00 and set an "outperform" rating for the company in a research note on Tuesday, March 31st. Truist Financial decreased their target price on nCino from $27.00 to $19.00 and set a "hold" rating for the company in a research note on Wednesday, April 1st. Citizens Jmp decreased their target price on nCino from $41.00 to $32.00 and set a "market outperform" rating for the company in a research note on Wednesday, April 1st. The Goldman Sachs Group decreased their target price on nCino from $28.00 to $24.00 and set a "neutral" rating for the company in a research note on Wednesday, April 1st. Finally, Morgan Stanley cut their price target on nCino from $36.00 to $21.00 and set an "overweight" rating on the stock in a report on Monday, March 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $26.07.
Read Our Latest Research Report on NCNO
Institutional Trading of nCino
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Hsbc Holdings PLC acquired a new stake in shares of nCino in the fourth quarter valued at about $3,982,000. Rockefeller Capital Management L.P. increased its position in shares of nCino by 66.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 383,812 shares of the company's stock valued at $9,841,000 after acquiring an additional 153,162 shares during the last quarter. Alpine Global Management LLC acquired a new stake in shares of nCino in the fourth quarter valued at about $206,000. Invesco Ltd. increased its position in shares of nCino by 13.6% in the fourth quarter. Invesco Ltd. now owns 168,339 shares of the company's stock valued at $4,316,000 after acquiring an additional 20,102 shares during the last quarter. Finally, XTX Topco Ltd increased its position in shares of nCino by 68.1% in the fourth quarter. XTX Topco Ltd now owns 82,508 shares of the company's stock valued at $2,116,000 after acquiring an additional 33,418 shares during the last quarter. Institutional investors and hedge funds own 94.76% of the company's stock.
About nCino
(
Get Free Report)
nCino, Inc provides a cloud-based banking operating system designed to modernize and streamline processes for financial institutions. Built on a software-as-a-service (SaaS) model, the nCino Bank Operating System integrates key banking functions into a unified platform, enabling banks and credit unions to enhance efficiency, reduce risk and improve customer experiences.
Founded in 2012 as a spinoff from Live Oak Bank, nCino launched its flagship offering to address the needs of commercial and retail lenders seeking to replace legacy systems.
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