Jeff Horing Sells 282,367 Shares of nCino (NASDAQ:NCNO) Stock

Key Points

• Jeff Horing, the Director of nCino, sold 282,367 shares of the company's stock on August 29th for approximately $9.1 million, reducing his holdings by 6.73% to about 3.9 million shares.
• nCino recently reported earnings of $0.22 per share for the last quarter, surpassing analyst expectations and reflecting a 12.4% year-over-year revenue growth.
• Analysts have recently adjusted their price targets for nCino, with Robert W. Baird now setting a target of $40.00 and several firms maintaining or raising their ratings to "outperform" or "hold."

nCino Inc. (NASDAQ:NCNO - Get Free Report) Director Jeff Horing sold 282,367 shares of the company's stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $32.23, for a total transaction of $9,100,688.41. Following the transaction, the director owned 3,915,422 shares in the company, valued at $126,194,051.06. The trade was a 6.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Jeff Horing also recently made the following trade(s):

• On Thursday, August 28th, Jeff Horing sold 260,802 shares of nCino stock. The stock was sold at an average price of $32.46, for a total transaction of $8,465,632.92.

nCino Price Performance

Shares of NCNO stock traded down $0.05 during trading hours on Friday, hitting $30.40. The company's stock had a trading volume of 2,222,355 shares, compared to its average volume of 1,944,778. The business has a fifty day moving average of $29.13 and a 200-day moving average of $27.35. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of -104.83, a P/E/G ratio of 20.08 and a beta of 0.71. nCino Inc. has a twelve month low of $18.75 and a twelve month high of $43.20. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.24.

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

Hedge Funds Weigh In On nCino

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in nCino by 7.7% during the first quarter. Vanguard Group Inc. now owns 11,666,955 shares of the company's stock worth $320,491,000 after purchasing an additional 836,182 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in nCino by 50.2% during the first quarter. T. Rowe Price Investment Management Inc. now owns 4,867,463 shares of the company's stock worth $133,710,000 after purchasing an additional 1,626,446 shares during the period. Long Path Partners LP raised its stake in shares of nCino by 61.1% in the 2nd quarter. Long Path Partners LP now owns 4,787,869 shares of the company's stock valued at $133,917,000 after acquiring an additional 1,815,868 shares during the period. Soma Equity Partners LP raised its stake in shares of nCino by 5.7% in the 4th quarter. Soma Equity Partners LP now owns 2,917,681 shares of the company's stock valued at $97,976,000 after acquiring an additional 156,238 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of nCino by 140.5% in the 4th quarter. Ameriprise Financial Inc. now owns 2,900,467 shares of the company's stock valued at $97,398,000 after acquiring an additional 1,694,218 shares during the period. Hedge funds and other institutional investors own 94.76% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on NCNO shares. Truist Financial increased their price target on shares of nCino from $27.00 to $32.00 and gave the company a "hold" rating in a research report on Wednesday, August 27th. JPMorgan Chase & Co. started coverage on shares of nCino in a research report on Wednesday, June 18th. They issued a "neutral" rating and a $30.00 price target on the stock. JMP Securities increased their price target on shares of nCino from $35.00 to $41.00 and gave the company a "market outperform" rating in a research report on Wednesday, August 27th. UBS Group reissued a "neutral" rating on shares of nCino in a research note on Wednesday, August 27th. Finally, Raymond James Financial upped their price objective on shares of nCino from $35.00 to $36.00 and gave the company an "outperform" rating in a research note 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 stock. According to MarketBeat.com, nCino has a consensus 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.