nCino (NASDAQ:NCNO) CEO Sean Desmond Sells 28,675 Shares of Stock

nCino Inc. (NASDAQ:NCNO) CEO Sean Desmond sold 28,675 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 $551,133.50. Following the completion of the transaction, the chief executive officer directly owned 1,234,831 shares in the company, valued at $23,733,451.82. The trade was a 2.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 shares were 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 shares were sold at an average price of $17.47, for a total transaction of $140,878.08.
• On Wednesday, June 3rd, Sean Desmond sold 8,064 shares of nCino stock. The stock was sold at an average price of $16.26, for a total transaction of $131,120.64.

nCino Price Performance

Shares of NASDAQ:NCNO opened at $18.99 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $2.08 billion, a PE ratio of 158.25 and a beta of 0.66. The firm’s 50 day moving average price is $16.70 and its 200-day moving average price is $17.08. nCino Inc. has a twelve month low of $13.80 and a twelve month high of $33.92.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NCNO shares. The Goldman Sachs Group cut their price objective on shares of nCino from $24.00 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, May 14th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of nCino in a report on Wednesday, June 24th. Zacks Research downgraded nCino from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Citigroup reissued a “market outperform” rating on shares of nCino in a report on Monday, June 22nd. Finally, Weiss Ratings upgraded nCino from a “sell (d)” rating to a “sell (d+)” rating in a research report 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $25.29.

Hedge Funds Weigh In On nCino

Large investors have recently added to or reduced their stakes in the company. Algebris UK Ltd. lifted its position in shares of nCino by 266.2% in the fourth quarter. Algebris UK Ltd. now owns 1,032,782 shares of the company’s stock valued at $26,493,000 after acquiring an additional 750,744 shares in the last quarter. Hawk Ridge Capital Management LP grew its position in shares of nCino by 625.4% during the first quarter. Hawk Ridge Capital Management LP now owns 4,481,810 shares of the company’s stock worth $67,138,000 after purchasing an additional 3,864,010 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in shares of nCino during the fourth quarter worth about $3,982,000. American Capital Management Inc. grew its position in shares of nCino by 17.1% during the first quarter. American Capital Management Inc. now owns 2,375,396 shares of the company’s stock worth $35,583,000 after purchasing an additional 347,587 shares in the last quarter. Finally, Royce & Associates LP bought a new stake in nCino during the 4th quarter valued at approximately $3,681,000. Hedge funds and other institutional investors own 94.76% of the company’s stock.

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

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.