Sean Desmond Sells 7,331 Shares of nCino (NASDAQ:NCNO) Stock

nCino Inc. (NASDAQ:NCNO) CEO Sean Desmond sold 7,331 shares of the stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $24.11, for a total value of $176,750.41. Following the completion of the sale, the chief executive officer directly owned 618,597 shares in the company, valued at $14,914,373.67. This represents a 1.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, November 4th, Sean Desmond sold 10,006 shares of nCino stock. The shares were sold at an average price of $25.81, for a total value of $258,254.86.

nCino Stock Up 1.1%

Shares of NCNO stock traded up $0.27 during trading hours on Tuesday, reaching $24.85. 2,551,757 shares of the stock were exchanged, compared to its average volume of 1,870,846. The business’s fifty day moving average is $25.35 and its two-hundred day moving average is $27.45. The firm has a market capitalization of $2.85 billion, a P/E ratio of -138.06, a P/E/G ratio of 10.36 and a beta of 0.53. nCino Inc. has a 12-month low of $18.75 and a 12-month high of $37.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.01 and a quick ratio of 1.01.

nCino (NASDAQ:NCNO) last issued its quarterly earnings results on Wednesday, December 3rd. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.11. nCino had a negative net margin of 3.71% and a positive return on equity of 2.28%. The company had revenue of $152.16 million during the quarter, compared to the consensus estimate of $147.31 million. During the same quarter in the previous year, the firm earned $0.21 earnings per share. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. nCino has set its FY 2026 guidance at 0.900-0.910 EPS and its Q4 2026 guidance at 0.210-0.220 EPS. As a group, research analysts expect that nCino Inc. will post 0.12 EPS for the current fiscal year.

nCino declared that its Board of Directors has approved a share repurchase program on Monday, December 8th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to buy up to 3.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

NCNO has been the topic of several research analyst reports. Barclays raised their target price on nCino from $31.00 to $37.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 27th. William Blair upgraded shares of nCino from a “market perform” rating to an “outperform” rating in a research note on Friday, October 10th. Raymond James Financial upgraded shares of nCino from an “outperform” rating to a “strong-buy” rating and set a $36.00 price objective on the stock in a research report on Monday, October 20th. Needham & Company LLC restated a “buy” rating and set a $38.00 price objective on shares of nCino in a research report on Thursday, December 4th. Finally, Morgan Stanley raised their target price on shares of nCino from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 27th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $33.47.

Institutional Trading of nCino

Several large investors have recently bought and sold shares of the company. Bank of America Corp DE lifted its stake in nCino by 475.1% in the 3rd quarter. Bank of America Corp DE now owns 2,513,686 shares of the company’s stock valued at $68,146,000 after buying an additional 2,076,579 shares in the last quarter. Long Path Partners LP increased its stake in shares of nCino by 61.1% during the 2nd quarter. Long Path Partners LP now owns 4,787,869 shares of the company’s stock valued at $133,917,000 after acquiring an additional 1,815,868 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of nCino by 50.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,867,463 shares of the company’s stock valued at $133,710,000 after buying an additional 1,626,446 shares during the period. Spyglass Capital Management LLC acquired a new stake in nCino during the second quarter worth about $44,190,000. Finally, Wellington Management Group LLP purchased a new position in shares of nCino in the 3rd quarter worth about $36,962,000. Institutional investors and hedge funds own 94.76% of the company’s stock.

nCino Company Profile

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.