Jeanette Sellers Sells 1,536 Shares of nCino (NASDAQ:NCNO) Stock

Key Points

• Jeanette Sellers sold 1,536 nCino shares for approximately $30,000 at an average price of $19.53, reducing her holdings by 3.07% to 48,453 shares. The sale was conducted under a Rule 10b5-1 plan to cover tax withholding on vested equity awards.
• nCino insiders collectively sold about 67,222 shares worth $1.30 million on August 4–5, including substantial sales by the CEO and CFO. Although most transactions were tax-related and insiders retained significant stakes, the breadth of selling could pressure investor sentiment.
• nCino shares recently traded at $18.99, while analysts maintained an overall “Moderate Buy” rating with an average price target of $25.29.

nCino Inc. (NASDAQ:NCNO - Get Free Report) SVP Jeanette Sellers sold 1,536 shares of the company's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $19.53, for a total value of $29,998.08. Following the completion of the transaction, the senior vice president directly owned 48,453 shares in the company, valued at $946,287.09. This represents a 3.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 value of $17,048.14.

nCino Price Performance

Shares of NCNO traded down $0.24 during trading hours on Thursday, hitting $18.99. 1,654,296 shares of the company were exchanged, compared to its average volume of 2,978,332. The company has a market capitalization of $2.08 billion, a PE ratio of 158.25 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. The firm has a fifty day simple moving average of $16.64 and a 200-day simple moving average of $17.11. nCino Inc. has a one year low of $13.80 and a one year high of $33.92.

Key nCino News

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on NCNO shares. The Goldman Sachs Group decreased their price target on nCino from $24.00 to $21.00 and set a "neutral" rating for the company in a research report on Thursday, May 14th. JPMorgan Chase & Co. upped their price objective on shares of nCino from $16.00 to $17.00 and gave the company a "neutral" rating in a research note on Monday, June 22nd. Needham & Company LLC reiterated a "buy" rating and issued a $25.00 target price on shares of nCino in a report on Thursday, May 28th. Weiss Ratings raised shares of nCino from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, May 28th. Finally, Citigroup reissued a "market outperform" rating on shares of nCino in a research report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, nCino presently has an average rating of "Moderate Buy" and an average price target of $25.29.

Institutional Investors Weigh In On nCino

Hedge funds have recently bought and sold shares of the business. Millennium Management LLC grew its stake in nCino by 16.6% during the 1st quarter. Millennium Management LLC now owns 303,853 shares of the company's stock valued at $8,347,000 after acquiring an additional 43,247 shares in the last quarter. Woodline Partners LP increased its holdings in shares of nCino by 105.3% in the 1st quarter. Woodline Partners LP now owns 13,227 shares of the company's stock valued at $363,000 after purchasing an additional 6,783 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of nCino by 16.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 281,435 shares of the company's stock worth $7,731,000 after purchasing an additional 39,345 shares in the last quarter. Prudential Financial Inc. acquired a new stake in shares of nCino during the second quarter worth approximately $208,000. Finally, Marshall Wace LLP acquired a new stake in shares of nCino during the second quarter worth approximately $4,163,000. 94.76% of the stock is owned by hedge funds and other institutional investors.

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.

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