nCino (NASDAQ:NCNO) CEO Sean Desmond Sells 15,440 Shares

nCino Inc. (NASDAQ:NCNO) CEO Sean Desmond sold 15,440 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $17.06, for a total transaction of $263,406.40. Following the sale, the chief executive officer directly owned 589,428 shares in the company, valued at $10,055,641.68. This trade represents a 2.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 Thursday, April 2nd, Sean Desmond sold 5,747 shares of nCino stock. The stock was sold at an average price of $16.75, for a total transaction of $96,262.25.
• On Tuesday, February 3rd, Sean Desmond sold 16,047 shares of nCino stock. The stock was sold at an average price of $18.68, for a total transaction of $299,757.96.

nCino Price Performance

nCino stock traded down $0.28 during midday trading on Wednesday, reaching $17.74. 4,560,889 shares of the stock were exchanged, compared to its average volume of 2,544,518. The company’s fifty day moving average is $16.65 and its 200-day moving average is $22.35. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.01 and a current ratio of 1.00. The firm has a market cap of $2.03 billion, a PE ratio of 354.80, a PEG ratio of 3.35 and a beta of 0.61. nCino Inc. has a 52 week low of $13.80 and a 52 week high of $33.92.

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

Hedge Funds Weigh In On nCino

A number of institutional investors have recently made changes to their positions in NCNO. FNY Investment Advisers LLC boosted its stake in shares of nCino by 15.9% in the 4th quarter. FNY Investment Advisers LLC now owns 3,228 shares of the company’s stock valued at $82,000 after purchasing an additional 444 shares in the last quarter. US Bancorp DE boosted its stake in shares of nCino by 1.6% in the 3rd quarter. US Bancorp DE now owns 32,042 shares of the company’s stock valued at $869,000 after purchasing an additional 501 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of nCino by 186.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 948 shares of the company’s stock valued at $26,000 after purchasing an additional 617 shares in the last quarter. Lecap Asset Management Ltd. boosted its stake in shares of nCino by 2.3% in the 4th quarter. Lecap Asset Management Ltd. now owns 31,163 shares of the company’s stock valued at $799,000 after purchasing an additional 691 shares in the last quarter. Finally, Captrust Financial Advisors boosted its stake in shares of nCino by 1.2% in the 3rd quarter. Captrust Financial Advisors now owns 62,747 shares of the company’s stock valued at $1,701,000 after purchasing an additional 743 shares in the last quarter. Institutional investors own 94.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Truist Financial decreased their price target on shares of nCino from $27.00 to $19.00 and set a “hold” rating on the stock in a report on Wednesday, April 1st. Barclays increased their price target on shares of nCino from $21.00 to $22.00 and gave the stock an “overweight” rating in a report 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 on the stock in a report on Wednesday, April 1st. Keefe, Bruyette & Woods decreased their price target on shares of nCino from $36.00 to $24.00 and set an “outperform” rating on the stock in a report on Wednesday, April 1st. Finally, BTIG Research assumed coverage on shares of nCino in a report on Tuesday, December 16th. They issued a “neutral” rating on the stock. Two research 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. According to MarketBeat, the company presently 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.