nCino (NASDAQ:NCNO) Insider April Rieger Sells 7,852 Shares of Stock

Key Points

• nCino insider April Rieger sold 7,852 shares at an average price of $19.22, generating $150,915.44. The sale covered tax-withholding obligations tied to vested equity awards, leaving her with 375,749 shares.
• nCino shares fell 1.2% to $18.99, while analysts maintained an overall “Moderate Buy” consensus with an average price target of $25.29.
• Institutional investors and hedge funds own 94.76% of nCino. Several institutions increased their positions, although company insiders collectively sold about $1.30 million in shares, potentially creating near-term investor sentiment pressure.

nCino Inc. (NASDAQ:NCNO - Get Free Report) insider April Rieger sold 7,852 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $19.22, for a total transaction of $150,915.44. Following the transaction, the insider owned 375,749 shares in the company, valued at approximately $7,221,895.78. The trade was a 2.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

nCino Stock Down 1.2%

Shares of NASDAQ:NCNO traded down $0.24 during trading hours on Thursday, hitting $18.99. The company's stock had a trading volume of 1,654,296 shares, compared to its average volume of 2,978,332. The firm's fifty day moving average price is $16.64 and its 200 day moving average price is $17.11. nCino Inc. has a 52 week low of $13.80 and a 52 week high of $33.92. 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.

Analyst Upgrades and Downgrades

NCNO has been the subject of a number of analyst reports. Needham & Company LLC restated a "buy" rating and set a $25.00 target price on shares of nCino in a report on Thursday, May 28th. Citigroup reiterated a "market outperform" rating on shares of nCino in a report on Monday, June 22nd. Weiss Ratings raised nCino from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, May 28th. Keefe, Bruyette & Woods restated an "outperform" rating on shares of nCino in a research note on Wednesday, June 24th. Finally, Citizens Jmp dropped their price objective on nCino from $32.00 to $23.00 and set a "market outperform" rating on the stock in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $25.29.

Institutional Investors Weigh In On nCino

Several institutional investors have recently bought and sold shares of the company. Algebris UK Ltd. grew its stake in shares of nCino by 266.2% during the fourth quarter. Algebris UK Ltd. now owns 1,032,782 shares of the company's stock worth $26,493,000 after acquiring an additional 750,744 shares during the last quarter. Hawk Ridge Capital Management LP raised its position in shares of nCino by 625.4% in the 1st quarter. Hawk Ridge Capital Management LP now owns 4,481,810 shares of the company's stock valued at $67,138,000 after purchasing an additional 3,864,010 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in nCino in the 4th quarter worth approximately $3,982,000. American Capital Management Inc. boosted its stake in nCino by 17.1% in the 1st quarter. American Capital Management Inc. now owns 2,375,396 shares of the company's stock worth $35,583,000 after purchasing an additional 347,587 shares in the last quarter. Finally, Royce & Associates LP purchased a new stake in nCino during the 4th quarter worth approximately $3,681,000. 94.76% of the stock is currently owned by institutional investors and hedge funds.

nCino News Roundup

Here are the key news stories impacting nCino this week:

• Neutral Sentiment: Company insiders collectively sold approximately 67,222 shares worth about $1.30 million across August 4–5. The transactions included CEO Sean Desmond, CFO Gregory Orenstein, Director Pierre Naude, SVP Jeanette Sellers, and insider April Rieger. SEC insider trading filing
• Neutral Sentiment: Most of the sales were executed under pre-arranged Rule 10b5-1 trading plans and were specifically made to cover tax-withholding obligations tied to vested equity awards. That makes the transactions less indicative of management abandoning its long-term outlook for nCino.
• Negative Sentiment: The breadth of the selling—particularly by the CEO and CFO—may nevertheless weigh on investor sentiment and create near-term supply pressure. CEO Sean Desmond sold roughly 40,490 shares, while CFO Gregory Orenstein sold 11,780 shares; both retained substantial ownership stakes after the transactions. SEC CFO filing

nCino Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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