nCino (NASDAQ:NCNO) CFO Gregory Orenstein Sells 14,650 Shares of Stock

nCino Inc. (NASDAQ:NCNO) CFO Gregory Orenstein sold 14,650 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $18.02, for a total transaction of $263,993.00. Following the completion of the sale, the chief financial officer owned 702,293 shares of the company’s stock, valued at $12,655,319.86. This trade represents a 2.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Gregory Orenstein also recently made the following trade(s):

• On Thursday, April 2nd, Gregory Orenstein sold 8,840 shares of nCino stock. The shares were sold at an average price of $16.75, for a total transaction of $148,070.00.

nCino Price Performance

Shares of NASDAQ NCNO opened at $17.96 on Wednesday. The firm has a 50-day simple moving average of $16.50 and a 200-day simple moving average of $21.22. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 359.20 and a beta of 0.72. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.25. nCino Inc. has a 52 week low of $13.80 and a 52 week high of $33.92.

nCino (NASDAQ:NCNO) last issued its earnings results on Tuesday, March 31st. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.16. The business had revenue of $149.67 million during the quarter, compared to analysts’ expectations of $147.41 million. nCino had a net margin of 0.87% and a return on equity of 4.75%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.12 earnings per share. On average, equities analysts predict that nCino Inc. will post 0.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On nCino

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its position in nCino by 20.6% during the first quarter. Bank of New York Mellon Corp now owns 527,631 shares of the company’s stock worth $7,904,000 after purchasing an additional 90,209 shares during the last quarter. Bleakley Financial Group LLC increased its position in nCino by 7.2% during the first quarter. Bleakley Financial Group LLC now owns 30,525 shares of the company’s stock worth $457,000 after purchasing an additional 2,054 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new stake in nCino during the first quarter worth about $219,000. Diversify Wealth Management LLC increased its position in nCino by 25.0% during the first quarter. Diversify Wealth Management LLC now owns 23,101 shares of the company’s stock worth $346,000 after purchasing an additional 4,621 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in nCino by 43,148.7% during the first quarter. Fifth Third Bancorp now owns 341,665 shares of the company’s stock worth $5,118,000 after purchasing an additional 340,875 shares during the last quarter. 94.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on NCNO shares. The Goldman Sachs Group reduced their target price on shares of nCino from $28.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday, April 1st. Morgan Stanley reduced their target price on shares of nCino from $36.00 to $21.00 and set an “overweight” rating for the company in a research report on Monday, March 30th. Stephens reduced their target price on shares of nCino from $34.00 to $26.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Citizens Jmp reduced their target price on shares of nCino from $41.00 to $32.00 and set a “market outperform” rating for the company in a research report on Wednesday, April 1st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of nCino in a research report on Thursday, January 22nd. Two investment analysts have 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $26.07.

Trending Headlines about nCino

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

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.