nCino Inc. (NASDAQ:NCNO - Get Free Report) SVP Jeanette Sellers sold 1,486 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $18.02, for a total transaction of $26,777.72. Following the sale, the senior vice president owned 54,571 shares of the company's stock, valued at approximately $983,369.42. This trade represents a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Jeanette Sellers also recently made the following trade(s):
- On Tuesday, April 14th, Jeanette Sellers sold 1,873 shares of nCino stock. The stock was sold at an average price of $17.55, for a total transaction of $32,871.15.
- On Thursday, April 2nd, Jeanette Sellers sold 735 shares of nCino stock. The stock was sold at an average price of $16.75, for a total transaction of $12,311.25.
- On Wednesday, February 4th, Jeanette Sellers sold 2,182 shares of nCino stock. The stock was sold at an average price of $18.26, for a total transaction of $39,843.32.
nCino Price Performance
Shares of NCNO opened at $17.96 on Wednesday. nCino Inc. has a 52-week low of $13.80 and a 52-week high of $33.92. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.00 and a current ratio of 1.00. The business's 50 day moving average price is $16.50 and its two-hundred day moving average price is $21.22. The firm has a market cap of $1.95 billion, a PE ratio of 359.20 and a beta of 0.72.
nCino (NASDAQ:NCNO - Get Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.16. The firm had revenue of $149.67 million for the quarter, compared to analyst estimates of $147.41 million. nCino had a return on equity of 4.75% and a net margin of 0.87%.The company's revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.12 earnings per share. On average, equities analysts anticipate that nCino Inc. will post 0.52 EPS for the current year.
Key nCino News
Here are the key news stories impacting nCino this week:
- Neutral Sentiment: CEO Sean Desmond sold 22,073 shares at an average price of $18.02 for roughly $397,755; his remaining stake is ~1,271,016 shares (1.71% ownership reduction). SEC Filing
- Neutral Sentiment: Director Pierre Naude sold 35,650 shares at $18.02 (~$642,413); his position fell about 3.12% to ~1,108,473 shares. SEC Filing
- Neutral Sentiment: CFO Gregory Orenstein sold 14,650 shares at $18.02 (~$263,993); his holding is ~702,293 shares (2.04% decrease). SEC Filing
- Neutral Sentiment: Insider April Rieger sold 9,693 shares at $18.02 (~$174,668); remaining stake ~383,601 shares (2.46% reduction). SEC Filing
- Neutral Sentiment: SVP Jeanette Sellers sold 1,486 shares at $18.02 (~$26,778) to cover taxes; post-sale holding ~54,571 shares (2.65% reduction). SEC Filing
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on NCNO. Needham & Company LLC cut their target price on shares of nCino from $38.00 to $25.00 and set a "buy" rating on the stock in a research note on Wednesday, April 1st. Keefe, Bruyette & Woods cut their target price on shares of nCino from $36.00 to $24.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 1st. Weiss Ratings reissued a "sell (d-)" rating on shares of nCino in a research note on Thursday, January 22nd. Zacks Research raised shares of nCino from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 31st. Finally, Piper Sandler raised shares of nCino from a "neutral" rating to an "overweight" rating and cut their target price for the stock from $30.00 to $22.00 in a research note on Wednesday, April 1st. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, nCino currently has an average rating of "Moderate Buy" and an average price target of $26.07.
Check Out Our Latest Research Report on NCNO
Hedge Funds Weigh In On nCino
A number of hedge funds and other institutional investors have recently made changes to their positions in NCNO. Millennium Management LLC boosted its holdings in shares of nCino by 16.6% in the 1st quarter. Millennium Management LLC now owns 303,853 shares of the company's stock worth $8,347,000 after buying an additional 43,247 shares during the last quarter. Woodline Partners LP boosted its holdings in shares of nCino by 105.3% in the 1st quarter. Woodline Partners LP now owns 13,227 shares of the company's stock worth $363,000 after buying an additional 6,783 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of nCino by 16.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 281,435 shares of the company's stock worth $7,731,000 after buying an additional 39,345 shares during the last quarter. Prudential Financial Inc. purchased a new position in shares of nCino in the 2nd quarter worth about $208,000. Finally, Marshall Wace LLP purchased a new position in shares of nCino in the 2nd quarter worth about $4,163,000. 94.76% of the stock is owned by hedge funds and other institutional investors.
nCino Company Profile
(
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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