Jeff Horing Sells 260,802 Shares of nCino (NASDAQ:NCNO) Stock

Key Points

• nCino's Director, Jeff Horing, sold over $8.4 million in stock, reducing his position by 5.85%, while still holding roughly 4.2 million shares valued at approximately $136.3 million.
• The company's recent earnings report showed a quarterly revenue of $148.82 million, exceeding estimates, with an EPS of $0.22 compared to the anticipated $0.14.
• nCino's stock has recently been rated with a consensus target price of $33.94 by analysts, reflecting a majority of ratings as "Buy" or "Moderate Buy."

nCino Inc. (NASDAQ:NCNO - Get Free Report) Director Jeff Horing sold 260,802 shares of the business's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $32.46, for a total transaction of $8,465,632.92. Following the completion of the sale, the director owned 4,197,789 shares in the company, valued at $136,260,230.94. The trade was a 5.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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.

nCino Price Performance

Shares of NASDAQ NCNO traded down $0.05 during midday trading on Friday, reaching $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 company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average price of $29.13 and a 200 day moving average price of $27.35. nCino Inc. has a one year low of $18.75 and a one year high of $43.20. The company has a market cap of $3.52 billion, a price-to-earnings ratio of -104.83, a price-to-earnings-growth ratio of 20.08 and a beta of 0.71.

nCino (NASDAQ:NCNO - Get Free Report) last released its earnings results on Tuesday, August 26th. The company reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.08. nCino had a negative net margin of 5.86% and a positive return on equity of 1.18%. The business had revenue of $148.82 million for the quarter, compared to the consensus estimate of $143.17 million. During the same period in the previous year, the firm earned $0.14 EPS. The business'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. On average, equities research analysts expect that nCino Inc. will post 0.12 EPS for the current year.

Wall Street Analysts Forecast Growth

NCNO has been the topic of several analyst reports. Needham & Company LLC lifted their target price on shares of nCino from $33.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, August 27th. Robert W. Baird lifted their target price on shares of nCino from $38.00 to $40.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 27th. Piper Sandler lifted their target price on shares of nCino from $28.00 to $34.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 27th. Citigroup reissued an "outperform" rating on shares of nCino in a research report on Wednesday, August 27th. Finally, Baird R W raised shares of nCino from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 14th. One investment 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. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $33.94.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. TD Asset Management Inc grew its position in nCino by 0.5% during the second quarter. TD Asset Management Inc now owns 69,820 shares of the company's stock valued at $1,953,000 after purchasing an additional 340 shares in the last quarter. Wallace Advisory Group LLC grew its position in 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 in the last quarter. Advisors Asset Management Inc. grew its position in 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 in the last quarter. Advisors Capital Management LLC grew its position in 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 in the last quarter. Finally, Covestor Ltd grew its position in 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 in the last quarter. 94.76% of the stock is owned by hedge funds and other institutional investors.

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.