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

nCino Inc. (NASDAQ:NCNO) Director Pierre Naude sold 4,677 shares of the business’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 of the company’s stock, valued at approximately $21,463,108.54. The trade was a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

nCino Stock Performance

NASDAQ:NCNO opened at $19.17 on Friday. The business’s 50-day moving average price is $16.76 and its two-hundred day moving average price is $17.09. nCino Inc. has a twelve month low of $13.80 and a twelve month high of $33.92. The stock has a market cap of $2.10 billion, a P/E ratio of 159.75 and a beta of 0.66. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.31.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NCNO. The Goldman Sachs Group lowered their target price on shares of nCino from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, May 14th. JPMorgan Chase & Co. increased their price target on shares of nCino from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Monday, June 22nd. Zacks Research cut shares of nCino from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Citigroup reaffirmed a “market outperform” rating on shares of nCino in a report on Monday, June 22nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $25.00 target price on shares of nCino in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.29.

Trending Headlines about 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.

Hedge Funds Weigh In On nCino

Large investors have recently modified their holdings of the company. CWM LLC lifted its position in nCino by 255.8% in the 4th quarter. CWM LLC now owns 1,142 shares of the company’s stock worth $29,000 after buying an additional 821 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in nCino during the fourth quarter valued at approximately $38,000. Farther Finance Advisors LLC grew its position in nCino by 76.2% during the fourth quarter. Farther Finance Advisors LLC now owns 1,670 shares of the company’s stock valued at $43,000 after acquiring an additional 722 shares during the last quarter. Quarry LP raised its stake in shares of nCino by 138.2% during the third quarter. Quarry LP now owns 1,701 shares of the company’s stock worth $46,000 after acquiring an additional 987 shares in the last quarter. Finally, Optiver Holding B.V. purchased a new position in shares of nCino during the first quarter worth approximately $32,000. 94.76% of the stock is owned by hedge funds and other institutional investors.

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.