nCino Inc. (NASDAQ:NCNO – Get Free Report) CEO Sean Desmond sold 28,675 shares of nCino stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $19.22, for a total value of $551,133.50. Following the transaction, the chief executive officer owned 1,234,831 shares of the company’s stock, valued at $23,733,451.82. The trade was a 2.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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.
Sean Desmond also recently made the following trade(s):
- On Wednesday, August 5th, Sean Desmond sold 11,815 shares of nCino stock. The stock was sold at an average price of $19.53, for a total value of $230,746.95.
- On Monday, July 6th, Sean Desmond sold 8,064 shares of nCino stock. The stock was sold at an average price of $17.47, for a total value of $140,878.08.
- On Wednesday, June 3rd, Sean Desmond sold 8,064 shares of nCino stock. The shares were sold at an average price of $16.26, for a total value of $131,120.64.
nCino Stock Performance
NASDAQ:NCNO traded down $0.24 during trading hours on Thursday, reaching $18.99. The company had a trading volume of 1,654,296 shares, compared to its average volume of 2,978,332. nCino Inc. has a 1-year low of $13.80 and a 1-year high of $33.92. The firm has a market cap of $2.08 billion, a PE ratio of 158.25 and a beta of 0.66. The business’s 50 day moving average price is $16.64 and its 200-day moving average price is $17.11. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.89 and a quick ratio of 0.89.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
NCNO has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their target price on shares of nCino from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Monday, June 22nd. The Goldman Sachs Group dropped their price target on shares of nCino from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th. Citizens Jmp cut their price objective on shares of nCino from $32.00 to $23.00 and set a “market outperform” rating for the company in a report on Monday, May 18th. Zacks Research downgraded shares of nCino from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Finally, Weiss Ratings raised shares of nCino from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, nCino currently has an average rating of “Moderate Buy” and an average price target of $25.29.
Read Our Latest Report on NCNO
About nCino
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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