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 nCino stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $30.00, for a total value of $116,677,620.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, September 5th, Jeff Horing sold 26,168 shares of nCino stock. The stock was 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 stock was 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 stock was sold at an average price of $32.46, for a total value of $8,465,632.92.

nCino Trading Down 1.2%

Shares of nCino stock traded down $0.37 during midday trading on Friday, reaching $30.09. The company had a trading volume of 1,360,476 shares, compared to its average volume of 2,307,113. The stock has a fifty day moving average price of $29.34 and a 200 day moving average price of $27.26. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $3.48 billion, a PE ratio of -103.76, a P/E/G ratio of 20.09 and a beta of 0.71. nCino Inc. has a fifty-two week low of $18.75 and a fifty-two week 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 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.08. The company had revenue of $148.82 million for the quarter, compared to analyst estimates of $143.17 million. nCino had a positive return on equity of 1.18% and a negative net margin of 5.86%.The firm's quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the firm 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. On average, equities analysts anticipate that nCino Inc. will post 0.12 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. boosted its position in shares of nCino by 68.5% during the second quarter. Advisors Asset Management Inc. now owns 1,127 shares of the company's stock valued at $32,000 after buying an additional 458 shares during the last quarter. Hilltop National Bank purchased a new position in shares of nCino during the second quarter valued at approximately $42,000. Covestor Ltd boosted its position in shares of nCino by 27.6% during 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 during the last quarter. First Horizon Advisors Inc. boosted its position in shares of nCino by 22.5% during the first quarter. First Horizon Advisors Inc. now owns 2,924 shares of the company's stock valued at $80,000 after buying an additional 538 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in nCino in the first quarter worth $82,000. Hedge funds and other institutional investors own 94.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. assumed coverage on nCino in a report on Wednesday, June 18th. They issued a "neutral" rating and a $30.00 target price for the company. JMP Securities lifted their target price on nCino from $35.00 to $41.00 and gave the stock a "market outperform" rating in a report on Wednesday, August 27th. Piper Sandler lifted their target price on nCino from $28.00 to $34.00 and gave the stock a "neutral" rating in a report on Wednesday, August 27th. Bank of America lifted their target price on nCino from $34.00 to $38.00 and gave the stock a "neutral" rating in a report on Wednesday, August 27th. Finally, Citigroup reiterated an "outperform" rating on shares of nCino in a report on Wednesday, August 27th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have issued a Hold rating to the company's stock. Based on data from MarketBeat, nCino currently has an average rating of "Hold" and a consensus target price 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.