Insider Selling: nCino (NASDAQ:NCNO) Director Sells 26,168 Shares of Stock

Key Points

• nCino Director Jeff Horing sold 26,168 shares of the company's stock for $814,348.16, resulting in a 0.67% decrease in his ownership.
• During the most recent quarter, nCino reported a **$0.22 EPS**, surpassing analysts' expectations and achieving a revenue of **$148.82 million**, a 12.4% year-over-year increase.
• nCino shares recently traded at **$30.40**, and the company has a market capitalization of **$3.52 billion** with an average price target of **$33.94** from analysts.

nCino Inc. (NASDAQ:NCNO - Get Free Report) Director Jeff Horing sold 26,168 shares of the business's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $31.12, for a total transaction of $814,348.16. Following the completion of the transaction, the director owned 3,889,254 shares in the company, valued at $121,033,584.48. This represents a 0.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, September 8th, Jeff Horing sold 3,889,254 shares of nCino stock. The stock was sold at an average price of $30.00, for a total transaction of $116,677,620.00.
• 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 transaction 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 transaction of $8,465,632.92.

nCino Stock Down 1.2%

Shares of nCino stock traded down $0.37 during trading on Friday, reaching $30.09. The company had a trading volume of 1,360,476 shares, compared to its average volume of 2,324,820. The company has a market cap 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 firm's fifty day moving average is $29.34 and its 200-day moving average is $27.23. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.03 and a current ratio of 1.03. 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 released its quarterly earnings data on Tuesday, August 26th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.08. The firm 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%. nCino's quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter 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. On average, analysts anticipate that nCino Inc. will post 0.12 EPS for the current year.

Institutional Trading of nCino

A number of large investors have recently added to or reduced their stakes in NCNO. Advisors Asset Management Inc. boosted its holdings in nCino by 68.5% during the second quarter. Advisors Asset Management Inc. now owns 1,127 shares of the company's stock worth $32,000 after buying an additional 458 shares in the last quarter. Hilltop National Bank acquired a new position in nCino in the 2nd quarter worth approximately $42,000. Covestor Ltd boosted its stake in nCino by 27.6% in the 1st quarter. Covestor Ltd now owns 2,388 shares of the company's stock worth $66,000 after purchasing an additional 517 shares during the period. First Horizon Advisors Inc. boosted its stake in nCino by 22.5% in the 1st quarter. First Horizon Advisors Inc. now owns 2,924 shares of the company's stock worth $80,000 after purchasing an additional 538 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in nCino in the 1st quarter worth approximately $82,000. 94.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on NCNO shares. Morgan Stanley upped their target price on shares of nCino from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 27th. Scotiabank reiterated a "sector perform" rating and issued a $26.00 price objective (up from $19.00) on shares of nCino in a report on Wednesday, May 21st. Bank of America increased their price objective on shares of nCino from $34.00 to $38.00 and gave the company a "neutral" rating in a report on Wednesday, August 27th. UBS Group reiterated a "neutral" rating on shares of nCino in a report on Wednesday, August 27th. Finally, JMP Securities raised their target price on shares of nCino from $35.00 to $41.00 and gave the stock a "market outperform" rating 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 stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average 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.