Jeff Horing Sells 3,889,254 Shares of nCino (NASDAQ:NCNO) Stock

Key Points

• Jeff Horing, a director at nCino, sold 3,889,254 shares of the company's stock for approximately $116.68 million on September 8th, following a series of smaller sales in late August.
• nCino's stock declined by 1.4% to $30.40, with a market cap of $3.52 billion and recent earnings showing a positive trend with revenue up 12.4% year-over-year.
• Despite recent stock performance, analysts maintain a consensus rating of "Hold" with a price target of $33.94, with varying ratings from strong buy to hold among brokerages.

nCino Inc. (NASDAQ:NCNO - Get Free Report) Director Jeff Horing sold 3,889,254 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $30.00, for a total value of $116,677,620.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, September 5th, Jeff Horing sold 26,168 shares of nCino stock. The shares were sold at an average price of $31.12, for a total value of $814,348.16.
• On Friday, August 29th, Jeff Horing sold 282,367 shares of nCino stock. The shares were sold at an average price of $32.23, for a total value of $9,100,688.41.
• On Thursday, August 28th, Jeff Horing sold 260,802 shares of nCino stock. The shares were sold at an average price of $32.46, for a total value of $8,465,632.92.

nCino Stock Down 1.2%

Shares of NCNO traded down $0.37 on Friday, reaching $30.09. The stock had a trading volume of 1,360,476 shares, compared to its average volume of 2,324,820. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of -103.76, a price-to-earnings-growth ratio of 19.84 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. The company has a 50-day simple moving average of $29.34 and a 200-day simple moving average of $27.23. nCino Inc. has a 12-month low of $18.75 and a 12-month high of $43.20.

nCino (NASDAQ:NCNO - Get Free Report) last posted its quarterly earnings data on Tuesday, August 26th. The company reported $0.22 earnings per share for the quarter, beating 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 company had revenue of $148.82 million during the quarter, compared to analyst estimates of $143.17 million. During the same quarter last year, the company earned $0.14 EPS. The firm's revenue for the quarter was up 12.4% on a year-over-year basis. nCino has set its FY 2026 guidance at 0.770-0.800 EPS. Q3 2026 guidance at 0.200-0.21 EPS. Sell-side analysts predict that nCino Inc. will post 0.12 EPS for the current year.

Institutional Trading of nCino

Several large investors have recently modified their holdings of the company. TD Asset Management Inc grew its holdings in shares of nCino by 0.5% in the second 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 during the period. Wallace Advisory Group LLC grew its holdings in shares of nCino by 5.2% in the second quarter. Wallace Advisory Group LLC now owns 8,977 shares of the company's stock worth $247,000 after acquiring an additional 444 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of 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 acquiring an additional 458 shares during the period. Advisors Capital Management LLC grew its holdings in shares of nCino by 0.7% in the first quarter. Advisors Capital Management LLC now owns 66,270 shares of the company's stock worth $1,820,000 after acquiring an additional 479 shares during the period. Finally, Covestor Ltd grew its holdings in shares of nCino by 27.6% in the first quarter. Covestor Ltd now owns 2,388 shares of the company's stock worth $66,000 after acquiring an additional 517 shares during the period. Institutional investors own 94.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Scotiabank reaffirmed a "sector perform" rating and set a $26.00 price objective (up previously from $19.00) on shares of nCino in a research report on Wednesday, May 21st. Bank of America raised their price objective on nCino from $34.00 to $38.00 and gave the company a "neutral" rating in a research report on Wednesday, August 27th. Morgan Stanley raised their price objective on nCino from $33.00 to $35.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 27th. Stephens raised their price objective on nCino from $24.00 to $28.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 21st. Finally, Needham & Company LLC raised their price objective on nCino from $33.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $33.94.

nCino Company Profile

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.