Sean Desmond Sells 7,331 Shares of nCino (NASDAQ:NCNO) Stock

nCino Inc. (NASDAQ:NCNO) CEO Sean Desmond sold 7,331 shares of nCino stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $24.51, for a total transaction of $179,682.81. Following the transaction, the chief executive officer directly owned 618,597 shares in the company, valued at $15,161,812.47. This trade represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Sean Desmond also recently made the following trade(s):

• On Friday, December 5th, Sean Desmond sold 7,331 shares of nCino stock. The stock was sold at an average price of $24.11, for a total transaction of $176,750.41.
• On Tuesday, November 4th, Sean Desmond sold 10,006 shares of nCino stock. The shares were sold at an average price of $25.81, for a total transaction of $258,254.86.

nCino Trading Down 0.8%

NCNO opened at $25.11 on Friday. The stock has a market capitalization of $2.88 billion, a PE ratio of -139.50, a P/E/G ratio of 6.65 and a beta of 0.55. nCino Inc. has a one year low of $18.75 and a one year high of $35.04. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.01 and a current ratio of 1.01. The business’s 50 day moving average price is $25.25 and its 200 day moving average price is $27.21.

nCino (NASDAQ:NCNO) last posted its earnings results on Wednesday, December 3rd. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.11. nCino had a positive return on equity of 2.28% and a negative net margin of 3.71%.The company had revenue of $152.16 million for the quarter, compared to the consensus estimate of $147.31 million. During the same quarter in the previous year, the business earned $0.21 earnings per share. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. nCino has set its FY 2026 guidance at 0.900-0.910 EPS and its Q4 2026 guidance at 0.210-0.220 EPS. As a group, equities research analysts expect that nCino Inc. will post 0.12 EPS for the current year.

nCino declared that its board has approved a share buyback plan on Monday, December 8th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 3.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Institutional Trading of nCino

Large investors have recently modified their holdings of the stock. TD Asset Management Inc raised its stake in shares of nCino by 0.5% in the second quarter. TD Asset Management Inc now owns 69,820 shares of the company’s stock valued at $1,953,000 after acquiring an additional 340 shares in the last quarter. Wallace Advisory Group LLC increased its holdings in nCino by 5.2% during the 2nd quarter. Wallace Advisory Group LLC now owns 8,977 shares of the company’s stock worth $247,000 after purchasing an additional 444 shares during the period. Advisors Asset Management Inc. raised its position in nCino by 68.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,127 shares of the company’s stock valued at $32,000 after purchasing an additional 458 shares in the last quarter. Advisors Capital Management LLC boosted its stake in shares of nCino by 0.7% in the 1st quarter. Advisors Capital Management LLC now owns 66,270 shares of the company’s stock valued at $1,820,000 after buying an additional 479 shares during the period. Finally, US Bancorp DE boosted its stake in shares of nCino by 1.6% in the 3rd quarter. US Bancorp DE now owns 32,042 shares of the company’s stock valued at $869,000 after buying an additional 501 shares during the period. Hedge funds and other institutional investors own 94.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NCNO shares. William Blair raised shares of nCino from a “market perform” rating to an “outperform” rating in a research note on Friday, October 10th. Zacks Research upgraded shares of nCino from a “hold” rating to a “strong-buy” rating in a report on Monday, October 27th. Needham & Company LLC restated a “buy” rating and set a $38.00 price target on shares of nCino in a research note on Thursday, December 4th. Truist Financial lowered their price target on nCino from $32.00 to $27.00 and set a “hold” rating for the company in a research report on Thursday, December 4th. Finally, Raymond James Financial upgraded nCino from an “outperform” rating to a “strong-buy” rating and set a $36.00 price objective on the stock in a report on Monday, October 20th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $33.27.

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.