nCino Inc. (NASDAQ:NCNO – Get Free Report) SVP Jeanette Sellers sold 1,536 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $19.53, for a total transaction of $29,998.08. Following the completion of the transaction, the senior vice president owned 48,453 shares in the company, valued at approximately $946,287.09. The trade was a 3.07% decrease in their ownership of the stock. The transaction 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.
Jeanette Sellers also recently made the following trade(s):
- On Tuesday, August 4th, Jeanette Sellers sold 887 shares of nCino stock. The shares were sold at an average price of $19.22, for a total transaction of $17,048.14.
nCino Price Performance
nCino stock opened at $19.17 on Friday. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 159.75 and a beta of 0.66. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.89 and a quick ratio of 0.89. nCino Inc. has a 1 year low of $13.80 and a 1 year high of $33.92. The firm has a 50-day moving average of $16.76 and a two-hundred day moving average of $17.09.
Hedge Funds Weigh In On nCino
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the company. Zacks Research cut nCino from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of nCino in a research report on Wednesday, June 24th. Wall Street Zen cut nCino from a “buy” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. increased their price target on nCino from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Monday, June 22nd. Finally, Needham & Company LLC restated a “buy” rating and set a $25.00 price target on shares of nCino in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $25.29.
Check Out Our Latest Analysis on nCino
Key Headlines Impacting nCino
Here are the key news stories impacting nCino this week:
- Positive Sentiment: nCino released Mortgage MCP, a capability that allows lenders to connect AI agents directly to the nCino Mortgage Suite while preserving the company’s compliance, permissions and governance framework. The product could strengthen nCino’s competitive position as banks seek to deploy AI safely and automate mortgage workflows. nCino Mortgage MCP announcement
- Positive Sentiment: Conestoga Capital Advisors’ second-quarter investor letter highlighted nCino’s durable expansion prospects amid improving sentiment toward small-cap growth stocks. Conestoga has also increased its nCino position, reinforcing the view that institutional investors see long-term potential in the company’s cloud-based banking platform. Conestoga Capital Advisors investor letter
- Neutral Sentiment: Analyst sentiment remains broadly favorable, with a consensus “Moderate Buy” rating and an average price target of $25.29. However, ratings are mixed: Needham and Keefe, Bruyette & Woods remain positive, while Goldman Sachs and JPMorgan maintain neutral views, and Zacks recently downgraded the stock to Hold.
- Negative Sentiment: Several executives and insiders sold shares, including the CEO, CFO, director Pierre Naude and other senior personnel. The transactions totaled approximately 67,000 shares and were made under pre-arranged Rule 10b5-1 plans to cover tax withholding on vested equity awards, making them less concerning than discretionary sales; nevertheless, the volume may weigh on short-term sentiment. nCino insider transactions
- Negative Sentiment: nCino’s valuation remains demanding, with a price-to-earnings ratio above 150. Recent analyst target cuts, including reductions by Goldman Sachs and Citizens JMP, could limit upside unless the company delivers stronger growth and profitability.
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.
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