nCino Inc. (NASDAQ:NCNO – Get Free Report) CFO Gregory Orenstein sold 11,780 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 $226,411.60. Following the completion of the transaction, the chief financial officer owned 690,513 shares of the company’s stock, valued at approximately $13,271,659.86. This represents a 1.68% decrease in their position. The sale was disclosed in a filing 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.
nCino Stock Performance
NASDAQ NCNO opened at $18.99 on Friday. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 158.25 and a beta of 0.66. The stock has a 50-day moving average of $16.70 and a 200 day moving average of $17.08. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.31. nCino Inc. has a twelve month low of $13.80 and a twelve month high of $33.92.
Analysts Set New Price Targets
NCNO has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of nCino in a research report on Wednesday, June 24th. JPMorgan Chase & Co. increased 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. Citizens Jmp dropped their target price on shares of nCino from $32.00 to $23.00 and set a “market outperform” rating on the stock in a research report on Monday, May 18th. Weiss Ratings raised shares of nCino from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, May 28th. 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 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $25.29.
Institutional Trading of nCino
Several large investors have recently made changes to their positions in NCNO. Millennium Management LLC boosted its stake in nCino by 16.6% during the 1st quarter. Millennium Management LLC now owns 303,853 shares of the company’s stock worth $8,347,000 after purchasing an additional 43,247 shares during the last quarter. Woodline Partners LP raised its position in shares of nCino by 105.3% in the first quarter. Woodline Partners LP now owns 13,227 shares of the company’s stock valued at $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 lifted its stake in shares of nCino by 16.3% in the first 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 in the last quarter. Prudential Financial Inc. purchased a new position in shares of nCino in the second quarter worth about $208,000. Finally, Marshall Wace LLP acquired a new position in nCino during the second quarter worth about $4,163,000. 94.76% of the stock is currently owned by hedge funds and other institutional investors.
nCino News Summary
Here are the key news stories impacting nCino this week:
- Neutral Sentiment: Company insiders collectively sold approximately 67,222 shares worth about $1.30 million across August 4–5. The transactions included CEO Sean Desmond, CFO Gregory Orenstein, Director Pierre Naude, SVP Jeanette Sellers, and insider April Rieger. SEC insider trading filing
- Neutral Sentiment: Most of the sales were executed under pre-arranged Rule 10b5-1 trading plans and were specifically made to cover tax-withholding obligations tied to vested equity awards. That makes the transactions less indicative of management abandoning its long-term outlook for nCino.
- Negative Sentiment: The breadth of the selling—particularly by the CEO and CFO—may nevertheless weigh on investor sentiment and create near-term supply pressure. CEO Sean Desmond sold roughly 40,490 shares, while CFO Gregory Orenstein sold 11,780 shares; both retained substantial ownership stakes after the transactions. SEC CFO filing
nCino Company Profile
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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