Insider Selling: nCino (NASDAQ:NCNO) SVP Sells $17,048.14 in Stock

Key Points

• nCino SVP Jeanette Sellers sold 887 shares for $17,048 at an average price of $19.22, reducing her stake by 1.74% to 49,989 shares. The sale was made under a Rule 10b5-1 plan to cover tax withholding on vested equity awards.
• Insiders collectively sold approximately 67,222 shares worth $1.30 million across August 4–5, including significant sales by the CEO and CFO. Although most transactions covered taxes and insiders retained substantial stakes, the breadth of selling could pressure sentiment.
• nCino shares fell 1.2% to $18.99, while analysts maintained a consensus “Moderate Buy” rating with an average price target of $25.29; institutional investors own 94.76% of the stock.

nCino Inc. (NASDAQ:NCNO - Get Free Report) SVP Jeanette Sellers sold 887 shares of nCino stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $19.22, for a total transaction of $17,048.14. Following the completion of the sale, the senior vice president owned 49,989 shares of the company's stock, valued at $960,788.58. This represents a 1.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 Wednesday, August 5th, Jeanette Sellers sold 1,536 shares of nCino stock. The stock was sold at an average price of $19.53, for a total value of $29,998.08.

nCino Stock Down 1.2%

Shares of nCino stock traded down $0.24 during trading hours on Thursday, reaching $18.99. The company's stock had a trading volume of 1,654,296 shares, compared to its average volume of 2,978,332. The company has a market capitalization of $2.08 billion, a P/E ratio of 158.25 and a beta of 0.66. The stock's fifty day simple moving average is $16.64 and its two-hundred day simple moving average is $17.11. nCino Inc. has a one year low of $13.80 and a one year high of $33.92. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.89 and a current ratio of 0.89.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their target price on nCino from $16.00 to $17.00 and gave the company a "neutral" rating in a report on Monday, June 22nd. Zacks Research downgraded shares of nCino from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Needham & Company LLC reissued a "buy" rating and set a $25.00 target price on shares of nCino in a research report on Thursday, May 28th. Citizens Jmp reduced their target price on nCino from $32.00 to $23.00 and set a "market outperform" rating for the company in a report on Monday, May 18th. Finally, Weiss Ratings upgraded nCino from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $25.29.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Algebris UK Ltd. boosted its holdings in nCino by 266.2% in the 4th quarter. Algebris UK Ltd. now owns 1,032,782 shares of the company's stock valued at $26,493,000 after purchasing an additional 750,744 shares during the period. Hawk Ridge Capital Management LP lifted its stake in nCino by 625.4% in the first quarter. Hawk Ridge Capital Management LP now owns 4,481,810 shares of the company's stock worth $67,138,000 after purchasing an additional 3,864,010 shares during the last quarter. Hsbc Holdings PLC purchased a new position in shares of nCino in the fourth quarter worth about $3,982,000. American Capital Management Inc. lifted its stake in shares of nCino by 17.1% in the 1st quarter. American Capital Management Inc. now owns 2,375,396 shares of the company's stock valued at $35,583,000 after acquiring an additional 347,587 shares during the last quarter. Finally, Royce & Associates LP bought a new stake in shares of nCino in the 4th quarter valued at about $3,681,000. Institutional investors own 94.76% of the company's stock.

Key Stories Impacting nCino

Here are the key news stories impacting nCino this week:

• Neutral Sentiment: Company insiders collectively sold approximately 67,222 shares worth about $1.30 million across August 4–5. The transactions included CEO Sean Desmond, CFO Gregory Orenstein, Director Pierre Naude, SVP Jeanette Sellers, and insider April Rieger. SEC insider trading filing
• Neutral Sentiment: Most of the sales were executed under pre-arranged Rule 10b5-1 trading plans and were specifically made to cover tax-withholding obligations tied to vested equity awards. That makes the transactions less indicative of management abandoning its long-term outlook for nCino.
• Negative Sentiment: The breadth of the selling—particularly by the CEO and CFO—may nevertheless weigh on investor sentiment and create near-term supply pressure. CEO Sean Desmond sold roughly 40,490 shares, while CFO Gregory Orenstein sold 11,780 shares; both retained substantial ownership stakes after the transactions. SEC CFO filing

About nCino

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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