Key Points
- nCino CEO Sean Desmond sold 28,675 shares for approximately $551,134 at an average price of $19.22, reducing his ownership by 2.27% but leaving him with 1.23 million shares. The transaction was conducted under a Rule 10b5-1 plan to cover tax obligations on vested equity awards.
- Company insiders sold about 67,222 shares worth $1.30 million on August 4–5, including sales by the CEO and CFO. While the pre-arranged, tax-related transactions are less indicative of a shift in long-term outlook, their breadth could pressure investor sentiment.
- nCino shares opened at $18.99, while analysts maintain a “Moderate Buy” consensus with an average price target of $25.29. Institutional investors own 94.76% of the company, and several major firms increased their positions.
nCino Inc. (NASDAQ:NCNO - Get Free Report) SVP Jeanette Sellers sold 887 shares of the business's stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $19.22, for a total transaction of $17,048.14. Following the completion of the transaction, the senior vice president owned 49,989 shares of the company's stock, valued at approximately $960,788.58. The trade was a 1.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 Wednesday, August 5th, Jeanette Sellers sold 1,536 shares of nCino stock. The shares were sold at an average price of $19.53, for a total value of $29,998.08.
nCino Stock Performance
Shares of NCNO opened at $18.99 on Friday. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 158.25 and a beta of 0.66. The business's fifty day simple moving average is $16.70 and its two-hundred day simple moving average is $17.08. nCino Inc. has a 12 month low of $13.80 and a 12 month high of $33.92. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.31.
Key nCino News
Here are the key news stories impacting nCino this week:
- Positive Sentiment: Institutional ownership remains high at approximately 94.8%, and several funds have recently increased their positions. Hawk Ridge Capital Management expanded its stake by more than 625%, while Algebris UK increased its holdings by more than 266%. These purchases suggest continued institutional interest in nCino’s cloud-based banking software platform. nCino institutional activity and outlook
- Positive Sentiment: Wall Street’s consensus view remains “Moderate Buy,” with an average price target of $25.29, implying potential upside from current levels. Needham and Citigroup maintain positive ratings, while one analyst has assigned a Strong Buy rating.
- Neutral Sentiment: CEO Sean Desmond, CFO Gregory Orenstein, Director Pierre Naude, SVP Jeanette Sellers and insider April Rieger collectively sold approximately 67,222 shares worth about $1.30 million during August 4–5. Most transactions were conducted under pre-arranged Rule 10b5-1 plans and were intended to cover tax withholding tied to vested equity awards, reducing their significance as a bearish signal. SEC insider trading filings
- Negative Sentiment: The breadth of insider selling—including transactions by both the CEO and CFO—could still weigh on sentiment and create short-term supply pressure. The sales also arrive while nCino carries a high valuation, with a reported P/E ratio above 158.
- Negative Sentiment: Analyst target reductions temper the bullish outlook. Citizens JMP lowered its target to $23 from $32, and Goldman Sachs reduced its target to $21 while maintaining a Neutral rating. nCino insider trading and analyst information
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on NCNO. Needham & Company LLC reissued a "buy" rating and issued a $25.00 target price on shares of nCino in a research report on Thursday, May 28th. The Goldman Sachs Group reduced their price target on shares of nCino from $24.00 to $21.00 and set a "neutral" rating for the company in a research note on Thursday, May 14th. JPMorgan Chase & Co. boosted their price objective on shares of nCino from $16.00 to $17.00 and gave the company a "neutral" rating in a report on Monday, June 22nd. Keefe, Bruyette & Woods restated an "outperform" rating on shares of nCino in a report on Wednesday, June 24th. Finally, Zacks Research downgraded shares of nCino from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $25.29.
Get Our Latest Report on nCino
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Senvest Management LLC grew its stake in shares of nCino by 30.2% during the 1st quarter. Senvest Management LLC now owns 5,308,468 shares of the company's stock valued at $79,521,000 after purchasing an additional 1,230,192 shares during the period. Hawk Ridge Capital Management LP lifted its stake in shares of nCino by 625.4% in the 1st quarter. Hawk Ridge Capital Management LP now owns 4,481,810 shares of the company's stock worth $67,138,000 after purchasing an additional 3,864,010 shares during the period. Spyglass Capital Management LLC lifted its stake in shares of nCino by 6.0% in the 1st quarter. Spyglass Capital Management LLC now owns 3,085,237 shares of the company's stock worth $46,217,000 after purchasing an additional 175,357 shares during the period. Conestoga Capital Advisors LLC boosted its holdings in shares of nCino by 25.7% in the fourth quarter. Conestoga Capital Advisors LLC now owns 2,861,024 shares of the company's stock worth $73,357,000 after buying an additional 585,786 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of nCino by 475.1% in the third quarter. Bank of America Corp DE now owns 2,513,686 shares of the company's stock worth $68,146,000 after buying an additional 2,076,579 shares during the last quarter. 94.76% of the stock is owned by hedge funds and other institutional investors.
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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