Insider Selling: nCino (NASDAQ:NCNO) SVP Sells 529 Shares of Stock

Key Points

• nCino Inc. SVP Jeanette Sellers sold 529 shares of the company's stock for a total of $16,261.46, reducing her ownership by 1.07%, while still holding 48,878 shares valued at approximately $1.5 million.
• nCino recently reported earnings of $0.22 per share, surpassing analysts' expectations, with a total revenue of $148.82 million for the quarter, a 12.4% increase year-over-year.
• According to analysts, nCino has received mixed ratings with one "Strong Buy," eight "Buy," and twelve "Hold" ratings, while the average price target for the stock is set at $33.94.

nCino Inc. (NASDAQ:NCNO - Get Free Report) SVP Jeanette Sellers sold 529 shares of the company's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $30.74, for a total transaction of $16,261.46. Following the transaction, the senior vice president owned 48,878 shares of the company's stock, valued at approximately $1,502,509.72. The trade was a 1.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Jeanette Sellers also recently made the following trade(s):

• On Monday, August 4th, Jeanette Sellers sold 211 shares of nCino stock. The stock was sold at an average price of $27.45, for a total transaction of $5,791.95.

nCino Stock Performance

Shares of NASDAQ:NCNO traded down $0.43 on Tuesday, hitting $30.40. 1,910,363 shares of the company were exchanged, compared to its average volume of 1,797,814. The company's 50 day moving average price is $29.19 and its two-hundred day moving average price is $27.26. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of -104.83, a PEG ratio of 20.05 and a beta of 0.71. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.03 and a current ratio of 1.03. nCino Inc. has a one year low of $18.75 and a one year high of $43.20.

nCino (NASDAQ:NCNO - Get Free Report) last released its earnings results on Tuesday, August 26th. The company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.08. nCino had a positive return on equity of 1.18% and a negative net margin of 5.86%.The business had revenue of $148.82 million for the quarter, compared to the consensus estimate of $143.17 million. During the same period last year, the business earned $0.14 earnings per share. The firm's revenue for the quarter was up 12.4% compared to the same quarter last year. nCino has set its FY 2026 guidance at 0.770-0.800 EPS. Q3 2026 guidance at 0.200-0.21 EPS. Research analysts expect that nCino Inc. will post 0.12 earnings per share for the current year.

Institutional Trading of nCino

Several hedge funds have recently modified their holdings of NCNO. TD Asset Management Inc boosted its holdings in shares of nCino by 0.5% in the 2nd quarter. TD Asset Management Inc now owns 69,820 shares of the company's stock worth $1,953,000 after acquiring an additional 340 shares in the last quarter. Wallace Advisory Group LLC raised its position in nCino by 5.2% in the 2nd quarter. Wallace Advisory Group LLC now owns 8,977 shares of the company's stock valued at $247,000 after purchasing an additional 444 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in nCino by 68.5% in the second quarter. Advisors Asset Management Inc. now owns 1,127 shares of the company's stock worth $32,000 after purchasing an additional 458 shares in the last quarter. Advisors Capital Management LLC grew its holdings in shares of nCino by 0.7% during the first quarter. Advisors Capital Management LLC now owns 66,270 shares of the company's stock worth $1,820,000 after purchasing an additional 479 shares during the last quarter. Finally, Covestor Ltd increased its stake in shares of nCino by 27.6% in the first quarter. Covestor Ltd now owns 2,388 shares of the company's stock valued at $66,000 after buying an additional 517 shares in the last quarter. Institutional investors and hedge funds own 94.76% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Baird R W raised nCino from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 14th. Citigroup reaffirmed an "outperform" rating on shares of nCino in a report on Wednesday, August 27th. Raymond James Financial lifted their target price on shares of nCino from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Wednesday, August 27th. Zacks Research cut shares of nCino from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 3rd. Finally, Bank of America increased their price target on shares of nCino from $34.00 to $38.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 27th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, nCino has an average rating of "Hold" and an average price target of $33.94.

About nCino

nCino, Inc, a software-as-a-service company, provides cloud-based software applications to financial institutions in the United States and internationally. Its nCino Bank Operating System connects financial institution employees, clients and third parties on a single cloud-based platform which include client onboarding, deposit account opening, loan origination, end-to-end mortgage suite, and powerful ecosystem.

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