Sean Desmond Sells 8,064 Shares of nCino (NASDAQ:NCNO) Stock

nCino Inc. (NASDAQ:NCNO) CEO Sean Desmond sold 8,064 shares of nCino stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $23.66, for a total value of $190,794.24. Following the completion of the transaction, the chief executive officer owned 1,231,080 shares of the company’s stock, valued at approximately $29,127,352.80. The trade was a 0.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sean Desmond also recently made the following trade(s):

• On Tuesday, August 4th, Sean Desmond sold 28,675 shares of nCino stock. The shares were sold at an average price of $19.22, for a total value of $551,133.50.
• On Wednesday, August 5th, Sean Desmond sold 11,815 shares of nCino stock. The stock was sold at an average price of $19.53, for a total value of $230,746.95.
• On Monday, July 6th, Sean Desmond sold 8,064 shares of nCino stock. The stock was sold at an average price of $17.47, for a total transaction of $140,878.08.

nCino Stock Performance

NCNO stock traded down $0.98 during trading on Tuesday, hitting $22.14. 2,052,473 shares of the company’s stock traded hands, compared to its average volume of 2,928,915. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. nCino Inc. has a 52 week low of $13.80 and a 52 week high of $31.92. The stock has a fifty day moving average price of $19.32 and a two-hundred day moving average price of $17.22. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 73.80 and a beta of 0.69.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NCNO shares. BTIG Research reiterated a “neutral” rating on shares of nCino in a research note on Wednesday, August 26th. Zacks Research downgraded nCino from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of nCino in a report on Tuesday, August 25th. Barclays increased their price target on nCino from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 26th. Finally, Citigroup reissued a “market outperform” rating on shares of nCino in a report on Wednesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, nCino has an average rating of “Moderate Buy” and a consensus target price of $24.38.

Institutional Trading of nCino

Large investors have recently modified their holdings of the company. CWM LLC lifted its position in nCino by 255.8% in the 4th 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 last quarter. Optiver Holding B.V. bought a new position in nCino in the 1st quarter worth about $32,000. Los Angeles Capital Management LLC acquired a new stake in shares of nCino in the fourth quarter valued at approximately $38,000. Versant Capital Management Inc increased its stake in shares of nCino by 664.9% in the second quarter. Versant Capital Management Inc now owns 2,417 shares of the company’s stock valued at $40,000 after purchasing an additional 2,101 shares during the period. Finally, Quarry LP raised its holdings in shares of nCino by 138.2% during the third quarter. Quarry LP now owns 1,701 shares of the company’s stock valued at $46,000 after buying an additional 987 shares during the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

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.