Sean Desmond Sells 22,073 Shares of nCino (NASDAQ:NCNO) Stock

nCino Inc. (NASDAQ:NCNO) CEO Sean Desmond sold 22,073 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $18.02, for a total value of $397,755.46. Following the completion of the sale, the chief executive officer owned 1,271,016 shares in the company, valued at $22,903,708.32. The trade was a 1.71% decrease in their position. The transaction was disclosed in a legal 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.

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

• On Monday, April 6th, Sean Desmond sold 15,440 shares of nCino stock. The shares were sold at an average price of $17.06, for a total value of $263,406.40.
• On Thursday, April 2nd, Sean Desmond sold 5,747 shares of nCino stock. The shares were sold at an average price of $16.75, for a total value of $96,262.25.

nCino Trading Down 2.9%

nCino stock opened at $17.44 on Thursday. nCino Inc. has a 12 month low of $13.80 and a 12 month high of $33.92. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 348.80 and a beta of 0.72. The business’s fifty day simple moving average is $16.55 and its two-hundred day simple moving average is $21.17. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.25.

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

Analyst Upgrades and Downgrades

NCNO has been the subject of several recent analyst reports. Wall Street Zen raised shares of nCino from a “hold” rating to a “buy” rating in a report on Saturday, April 4th. Zacks Research raised shares of nCino from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. Keefe, Bruyette & Woods decreased their price objective on shares of nCino from $36.00 to $24.00 and set an “outperform” rating for the company in a report on Wednesday, April 1st. Citizens Jmp lowered their price objective on nCino from $41.00 to $32.00 and set a “market outperform” rating on the stock in a research report on Wednesday, April 1st. Finally, Needham & Company LLC cut their target price on nCino from $38.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Two 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 issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $26.07.

Trending Headlines about nCino

Here are the key news stories impacting nCino this week:

• Positive Sentiment: Quarterly results beat consensus: nCino reported $0.37 EPS vs. $0.21 expected and revenue of $149.7M vs. $147.4M, with revenue up 5.9% year-over-year — a fundamental positive that supports longer-term recovery. Earnings report
• Positive Sentiment: Institutional buying: Several hedge funds/institutions (e.g., Millennium Management, UBS AM) increased or initiated positions in recent quarters, indicating continued institutional interest. Institutional holdings
• Neutral Sentiment: CEO Sean Desmond sold 22,073 shares at ~$18.02 to cover tax-withholding tied to vested awards; his remaining stake remains large. SEC Filing
• Neutral Sentiment: Director Pierre Naude sold 35,650 shares at ~$18.02 to cover taxes on vesting awards. SEC Filing
• Neutral Sentiment: CFO Gregory Orenstein sold 14,650 shares at ~$18.02 for tax-withholding on equity vesting. SEC Filing
• Neutral Sentiment: Other insiders (SVP Jeanette Sellers, insider April Rieger) reported smaller sales at similar prices, also disclosed as tax-withholding sales. SEC Filing (Sellers)
• Negative Sentiment: Analyst target cuts and mixed ratings: Several brokers trimmed price targets in early April (e.g., Needham, Keefe, Piper) even when some maintained Buy/Outperform stances — that reduces near-term upside expectations. Analyst notes
• Negative Sentiment: Valuation and growth trade-off: the stock still carries a very high P/E (mid-to-high hundreds) while recent revenue growth is modest (~6% YoY) and net margins remain thin — a combination that can amplify negative reactions to insider selling and lowered targets. Company metrics

Institutional Trading of nCino

Institutional investors have recently made changes to their positions in the stock. Millennium Management LLC raised 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 last quarter. Woodline Partners LP boosted its holdings in nCino by 105.3% in the first 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in nCino by 16.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 281,435 shares of the company’s stock worth $7,731,000 after purchasing an additional 39,345 shares during the period. Prudential Financial Inc. bought a new stake in nCino in the 2nd quarter worth approximately $208,000. Finally, Marshall Wace LLP purchased a new stake in nCino during the 2nd quarter valued at $4,163,000. Hedge funds and other institutional investors 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.