Insider Selling: nCino (NASDAQ:NCNO) SVP Sells 1,536 Shares

nCino Inc. (NASDAQ:NCNO) SVP Jeanette Sellers sold 1,536 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $19.53, for a total transaction of $29,998.08. Following the transaction, the senior vice president owned 48,453 shares in the company, valued at approximately $946,287.09. This represents a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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.

Jeanette Sellers also recently made the following trade(s):

• On Tuesday, August 4th, Jeanette Sellers sold 887 shares of nCino stock. The stock was sold at an average price of $19.22, for a total transaction of $17,048.14.

nCino Stock Down 1.2%

Shares of NASDAQ:NCNO traded down $0.24 during midday trading on Thursday, hitting $18.99. 1,654,296 shares of the stock were exchanged, compared to its average volume of 2,978,332. The company has a market capitalization of $2.08 billion, a PE ratio of 158.25 and a beta of 0.66. 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 0.31, a quick ratio of 0.89 and a current ratio of 0.89. The business’s fifty day simple moving average is $16.64 and its two-hundred day simple moving average is $17.11.

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

Institutional Trading of nCino

A number of institutional investors and hedge funds have recently modified their holdings of the company. Algebris UK Ltd. boosted its holdings in shares of nCino by 266.2% during the 4th quarter. Algebris UK Ltd. now owns 1,032,782 shares of the company’s stock worth $26,493,000 after buying an additional 750,744 shares during the period. Hawk Ridge Capital Management LP raised its holdings in 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 acquiring an additional 3,864,010 shares during the period. Hsbc Holdings PLC bought a new position in nCino in the 4th quarter worth $3,982,000. American Capital Management Inc. lifted its position in nCino by 17.1% during the 1st quarter. American Capital Management Inc. now owns 2,375,396 shares of the company’s stock worth $35,583,000 after acquiring an additional 347,587 shares during the last quarter. Finally, Royce & Associates LP acquired a new position in nCino during the 4th quarter worth $3,681,000. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on nCino from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Monday, June 22nd. Weiss Ratings raised shares of nCino from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, May 28th. Citizens Jmp dropped their price target on shares of nCino from $32.00 to $23.00 and set a “market outperform” rating on the stock in a research note on Monday, May 18th. Zacks Research downgraded shares of nCino from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of nCino in a research note on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, nCino currently has an average rating of “Moderate Buy” and a consensus price target of $25.29.

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.