nCino (NASDAQ:NCNO) CFO Sells $226,411.60 in Stock

Key Points

• nCino CFO Gregory Orenstein sold 11,780 shares at an average price of $19.22, totaling $226,411.60. The sale covered tax withholding tied to vested equity awards and reduced his direct ownership by 1.68%.
• NCNO shares recently traded at $18.99, with a $2.08 billion market capitalization and a 12-month range of $13.80 to $33.92.
• Wall Street maintains a “Moderate Buy” consensus rating, with an average price target of $25.29; institutional investors and hedge funds own 94.76% of the stock.

nCino Inc. (NASDAQ:NCNO - Get Free Report) CFO Gregory Orenstein sold 11,780 shares of nCino stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $19.22, for a total transaction of $226,411.60. Following the sale, the chief financial officer directly owned 690,513 shares in the company, valued at $13,271,659.86. This trade represents a 1.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

nCino Price Performance

NCNO stock traded down $0.24 during trading on Thursday, reaching $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 price-to-earnings 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 company has a 50-day moving average of $16.64 and a two-hundred day moving average of $17.11. nCino Inc. has a twelve month low of $13.80 and a twelve month high of $33.92.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NCNO. Citigroup reiterated a "market outperform" rating on shares of nCino in a research note on Monday, June 22nd. Zacks Research lowered nCino from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Citizens Jmp lowered their target price on nCino from $32.00 to $23.00 and set a "market outperform" rating for the company in a report on Monday, May 18th. Keefe, Bruyette & Woods reissued an "outperform" rating on shares of nCino in a research note on Wednesday, June 24th. Finally, Needham & Company LLC restated a "buy" rating and set a $25.00 price target on shares of nCino in a report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $25.29.

Institutional Trading of nCino

Institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC increased its holdings in nCino by 255.8% in the fourth quarter. CWM LLC now owns 1,142 shares of the company's stock valued at $29,000 after purchasing an additional 821 shares during the period. Optiver Holding B.V. acquired a new position in nCino during the 1st quarter worth about $32,000. Los Angeles Capital Management LLC bought a new stake in shares of nCino in the 4th quarter valued at about $38,000. Versant Capital Management Inc grew its position in shares of nCino by 664.9% in the 2nd quarter. Versant Capital Management Inc now owns 2,417 shares of the company's stock valued at $40,000 after buying an additional 2,101 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of nCino by 76.2% in the fourth quarter. Farther Finance Advisors LLC now owns 1,670 shares of the company's stock valued at $43,000 after buying an additional 722 shares during the period. 94.76% of the stock is currently owned by institutional investors and hedge funds.

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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