nCino (NASDAQ:NCNO) Director Pierre Naude Sells 35,650 Shares of Stock

nCino Inc. (NASDAQ:NCNO) Director Pierre Naude sold 35,650 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $18.02, for a total transaction of $642,413.00. Following the sale, the director directly owned 1,108,473 shares of the company’s stock, valued at $19,974,683.46. This represents a 3.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Pierre Naude also recently made the following trade(s):

• On Thursday, April 2nd, Pierre Naude sold 22,700 shares of nCino stock. The stock was sold at an average price of $16.75, for a total value of $380,225.00.

nCino Price Performance

Shares of nCino stock opened at $17.96 on Wednesday. The business’s fifty day moving average price is $16.50 and its 200 day moving average price is $21.22. nCino Inc. has a twelve month low of $13.80 and a twelve month high of $33.92. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $1.95 billion, a P/E ratio of 359.20 and a beta of 0.72.

nCino (NASDAQ:NCNO) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.21 by $0.16. The company had revenue of $149.67 million during the quarter, compared to analyst estimates of $147.41 million. nCino had a return on equity of 4.75% and a net margin of 0.87%.The firm’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.12 earnings per share. As a group, research analysts anticipate that nCino Inc. will post 0.52 earnings per share for the current year.

Trending Headlines about nCino

Here are the key news stories impacting nCino this week:

• Neutral Sentiment: CEO Sean Desmond sold 22,073 shares at an average price of $18.02 for roughly $397,755; his remaining stake is ~1,271,016 shares (1.71% ownership reduction). SEC Filing
• Neutral Sentiment: Director Pierre Naude sold 35,650 shares at $18.02 (~$642,413); his position fell about 3.12% to ~1,108,473 shares. SEC Filing
• Neutral Sentiment: CFO Gregory Orenstein sold 14,650 shares at $18.02 (~$263,993); his holding is ~702,293 shares (2.04% decrease). SEC Filing
• Neutral Sentiment: Insider April Rieger sold 9,693 shares at $18.02 (~$174,668); remaining stake ~383,601 shares (2.46% reduction). SEC Filing
• Neutral Sentiment: SVP Jeanette Sellers sold 1,486 shares at $18.02 (~$26,778) to cover taxes; post-sale holding ~54,571 shares (2.65% reduction). SEC Filing

Institutional Investors Weigh In On nCino

A number of hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC increased its holdings in shares of nCino by 16.6% during the first quarter. Millennium Management LLC now owns 303,853 shares of the company’s stock valued at $8,347,000 after purchasing an additional 43,247 shares during the period. Woodline Partners LP boosted its stake in nCino by 105.3% in the 1st quarter. Woodline Partners LP now owns 13,227 shares of the company’s stock worth $363,000 after purchasing an additional 6,783 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of nCino by 16.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 281,435 shares of the company’s stock valued at $7,731,000 after buying an additional 39,345 shares in the last quarter. Prudential Financial Inc. acquired a new position in shares of nCino in the 2nd quarter valued at about $208,000. Finally, Marshall Wace LLP purchased a new stake in nCino in the 2nd quarter worth approximately $4,163,000. 94.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Citizens Jmp cut their target price on shares of nCino from $41.00 to $32.00 and set a “market outperform” rating on the stock in a research note on Wednesday, April 1st. The Goldman Sachs Group decreased their price target on shares of nCino from $28.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday, April 1st. Zacks Research upgraded nCino from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. Truist Financial reduced their price objective on nCino from $27.00 to $19.00 and set a “hold” rating on the stock in a research note on Wednesday, April 1st. Finally, Barclays upped their target price on nCino from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 1st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, nCino currently has an average rating of “Moderate Buy” and a consensus target price of $26.07.

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.