nCino (NASDAQ:NCNO) Director Sells 4,677 Shares of Stock

nCino Inc. (NASDAQ:NCNO) Director Pierre Naude sold 4,677 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $19.22, for a total value of $89,891.94. Following the transaction, the director owned 1,116,707 shares in the company, valued at approximately $21,463,108.54. This trade represents a 0.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

nCino Trading Down 1.2%

Shares of nCino stock traded down $0.24 during trading on Thursday, hitting $18.99. 1,654,296 shares of the company were exchanged, compared to its average volume of 2,978,332. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market capitalization of $2.08 billion, a P/E ratio of 158.25 and a beta of 0.66. The firm’s fifty day moving average price is $16.64 and its 200 day moving average price is $17.11. nCino Inc. has a 1-year low of $13.80 and a 1-year high of $33.92.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Zacks Research downgraded shares of nCino from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. JPMorgan Chase & Co. boosted their price target on shares of nCino from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Monday, June 22nd. Weiss Ratings upgraded shares of nCino from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, May 28th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of nCino in a research note on Wednesday, June 24th. Finally, Citigroup reiterated a “market outperform” rating on shares of nCino in a report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $25.29.

Institutional Investors Weigh In On nCino

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Hawk Ridge Capital Management LP lifted its position 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 valued at $67,138,000 after acquiring an additional 3,864,010 shares in the last quarter. Bank of America Corp DE boosted its stake in nCino by 475.1% in the 3rd quarter. Bank of America Corp DE now owns 2,513,686 shares of the company’s stock worth $68,146,000 after purchasing an additional 2,076,579 shares during the period. Millennium Management LLC increased its holdings in nCino by 262.8% during the 4th quarter. Millennium Management LLC now owns 2,341,532 shares of the company’s stock worth $60,037,000 after purchasing an additional 1,696,051 shares in the last quarter. Senvest Management LLC increased its holdings in nCino by 68.6% during the 4th quarter. Senvest Management LLC now owns 4,078,276 shares of the company’s stock worth $104,567,000 after purchasing an additional 1,658,868 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new stake in shares of nCino in the 3rd quarter valued at about $36,962,000. 94.76% of the stock is currently owned by institutional investors and hedge funds.

More nCino News

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.