nCino (NASDAQ:NCNO) CEO Sean Desmond Sells 11,815 Shares of Stock

nCino Inc. (NASDAQ:NCNO) CEO Sean Desmond sold 11,815 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $19.53, for a total value of $230,746.95. Following the completion of the transaction, the chief executive officer owned 1,231,080 shares in the company, valued at $24,042,992.40. The trade was a 0.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 Tuesday, August 4th, Sean Desmond sold 28,675 shares of nCino stock. The stock was sold at an average price of $19.22, for a total value of $551,133.50.
• 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 value of $140,878.08.
• On Wednesday, June 3rd, Sean Desmond sold 8,064 shares of nCino stock. The shares were sold at an average price of $16.26, for a total value of $131,120.64.

nCino Stock Down 1.2%

NASDAQ NCNO opened at $18.99 on Friday. The stock’s 50 day moving average is $16.70 and its 200 day moving average is $17.08. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.31. nCino Inc. has a 12 month low of $13.80 and a 12 month high of $33.92. The stock has a market cap of $2.08 billion, a PE ratio of 158.25 and a beta of 0.66.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. CWM LLC increased its position in nCino by 255.8% in the fourth quarter. CWM LLC now owns 1,142 shares of the company’s stock worth $29,000 after purchasing an additional 821 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in nCino during the fourth quarter valued at $38,000. Farther Finance Advisors LLC lifted its position in nCino by 76.2% during the fourth quarter. Farther Finance Advisors LLC now owns 1,670 shares of the company’s stock valued at $43,000 after purchasing an additional 722 shares during the last quarter. Quarry LP lifted its position in 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 purchasing an additional 987 shares during the last quarter. Finally, Optiver Holding B.V. purchased a new position in shares of nCino in the 1st quarter worth $32,000. 94.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Zacks Research lowered shares of nCino from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Weiss Ratings upgraded shares of nCino from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, May 28th. Citigroup reissued a “market outperform” rating on shares of nCino in a report on Monday, June 22nd. The Goldman Sachs Group cut their price objective on nCino from $24.00 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, May 14th. Finally, JPMorgan Chase & Co. lifted their target price on nCino from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Monday, June 22nd. One investment 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 assigned a Sell rating to the company. According to data from MarketBeat.com, nCino presently has a consensus rating of “Moderate Buy” and an average price target of $25.29.

More nCino News

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

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.