Insider Selling: nCino (NASDAQ:NCNO) CEO Sells $179,682.81 in Stock

nCino Inc. (NASDAQ:NCNO) CEO Sean Desmond sold 7,331 shares of the company’s stock in a transaction that occurred on 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 owned 618,597 shares in the company, valued at $15,161,812.47. The trade was a 1.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 shares were 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 stock was sold at an average price of $25.81, for a total transaction of $258,254.86.

nCino Stock Up 2.0%

NASDAQ:NCNO opened at $25.60 on Friday. The company has a market cap of $2.94 billion, a price-to-earnings ratio of -142.22, a P/E/G ratio of 6.60 and a beta of 0.55. 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 stock’s fifty day moving average price is $25.23 and its two-hundred day moving average price is $27.21. nCino Inc. has a 52-week low of $18.75 and a 52-week high of $35.04.

nCino (NASDAQ:NCNO) last released its earnings results on Wednesday, December 3rd. The company reported $0.31 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $147.31 million. During the same period last year, the firm earned $0.21 EPS. The business’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. On average, analysts anticipate that nCino Inc. will post 0.12 EPS for the current year.

nCino announced that its Board of Directors has approved a stock repurchase program on Monday, December 8th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to buy up to 3.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its position in shares of nCino by 475.1% during the third 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. Long Path Partners LP increased its stake in nCino by 61.1% during the 2nd quarter. Long Path Partners LP now owns 4,787,869 shares of the company’s stock worth $133,917,000 after purchasing an additional 1,815,868 shares in the last quarter. Spyglass Capital Management LLC acquired a new stake in nCino during the 2nd quarter worth approximately $44,190,000. Wellington Management Group LLP bought a new position in nCino in the third quarter valued at approximately $36,962,000. Finally, Owls Nest Partners IA LLC acquired a new position in shares of nCino in the second quarter valued at approximately $33,442,000. 94.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Piper Sandler lowered their target price on shares of nCino from $34.00 to $30.00 and set a “neutral” rating for the company in a report on Thursday, December 4th. Stephens raised nCino from a “hold” rating to an “overweight” rating in a research note on Monday, October 27th. UBS Group reiterated a “buy” rating and issued a $36.00 price objective on shares of nCino in a report on Tuesday, December 9th. Needham & Company LLC restated a “buy” rating and set a $38.00 target price on shares of nCino in a 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 target price for the company in a research report on Monday, October 20th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, nCino presently has an average rating of “Moderate Buy” and a consensus 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.