Insider Selling: nCino (NASDAQ:NCNO) SVP Sells 1,486 Shares of Stock

Key Points

• Jeanette Sellers, nCino's SVP, sold 1,486 shares on May 4 at an average price of $18.02 for $26,777.72 to cover tax withholding from vested equity awards, leaving her with 54,571 shares (a 2.65% reduction).
• Sellers has made several recent disposals (1,873 shares on Apr 14 at $17.55; 735 on Apr 2 at $16.75; 2,182 on Feb 4 at $18.26), signaling continued insider selling activity.
• For context, nCino recently beat quarterly estimates (EPS $0.37 vs. $0.21; revenue $149.7M) and trades near $17.96 with a market cap of about $1.95B and a consensus analyst rating of “Moderate Buy” (avg. target $26.07).

nCino Inc. (NASDAQ:NCNO - Get Free Report) SVP Jeanette Sellers sold 1,486 shares of the firm's stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $18.02, for a total transaction of $26,777.72. Following the sale, the senior vice president directly owned 54,571 shares in the company, valued at approximately $983,369.42. The trade was a 2.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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, April 14th, Jeanette Sellers sold 1,873 shares of nCino stock. The stock was sold at an average price of $17.55, for a total value of $32,871.15.
• On Thursday, April 2nd, Jeanette Sellers sold 735 shares of nCino stock. The stock was sold at an average price of $16.75, for a total value of $12,311.25.
• On Wednesday, February 4th, Jeanette Sellers sold 2,182 shares of nCino stock. The stock was sold at an average price of $18.26, for a total value of $39,843.32.

nCino Stock Performance

Shares of NCNO stock traded down $0.03 during mid-day trading on Tuesday, hitting $17.96. 2,493,938 shares of the stock were exchanged, compared to its average volume of 2,657,105. The stock's fifty day simple moving average is $16.45 and its two-hundred day simple moving average is $21.26. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 359.20 and a beta of 0.72. nCino Inc. has a 12-month low of $13.80 and a 12-month high of $33.92. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.00 and a current ratio of 1.00.

nCino (NASDAQ:NCNO - Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.16. The company had revenue of $149.67 million for the quarter, compared to analyst estimates of $147.41 million. nCino had a return on equity of 4.75% and a net margin of 0.87%.The business's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.12 earnings per share. On average, analysts forecast that nCino Inc. will post 0.52 EPS for the current year.

Institutional Investors Weigh In On nCino

Several institutional investors and hedge funds have recently made changes to their positions in NCNO. Farther Finance Advisors LLC boosted its position in shares of nCino by 186.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 948 shares of the company's stock worth $26,000 after buying an additional 617 shares in the last quarter. CWM LLC raised its position in shares of nCino by 255.8% during the 4th quarter. CWM LLC now owns 1,142 shares of the company's stock worth $29,000 after purchasing an additional 821 shares during the last quarter. AlphaQuest LLC raised its position in shares of nCino by 5,022.2% during the 3rd quarter. AlphaQuest LLC now owns 1,383 shares of the company's stock worth $37,000 after purchasing an additional 1,356 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of nCino during the 4th quarter worth approximately $38,000. Finally, Quarry LP raised its position in shares of nCino by 138.2% during the 3rd quarter. Quarry LP now owns 1,701 shares of the company's stock worth $46,000 after purchasing an additional 987 shares during the last quarter. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a "sell (d-)" rating on shares of nCino in a report on Thursday, January 22nd. Keefe, Bruyette & Woods dropped their target price on nCino from $36.00 to $24.00 and set an "outperform" rating on the stock in a report on Wednesday, April 1st. Citizens Jmp dropped their target price on nCino from $41.00 to $32.00 and set a "market outperform" rating on the stock in a report on Wednesday, April 1st. Stephens dropped their target price on nCino from $34.00 to $26.00 and set an "overweight" rating on the stock in a report on Wednesday, April 1st. Finally, Zacks Research raised nCino from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 31st. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, nCino has a consensus rating of "Moderate Buy" and an average price target of $26.07.

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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