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

nCino Inc. (NASDAQ:NCNO) CEO Sean Desmond sold 7,331 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The stock was 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 owned 618,597 shares of the company’s stock, valued at $14,914,373.67. The trade was a 1.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

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

nCino Stock Up 1.1%

Shares of NASDAQ NCNO opened at $24.85 on Wednesday. The stock has a market capitalization of $2.85 billion, a P/E ratio of -138.06, a PEG ratio of 7.02 and a beta of 0.53. nCino Inc. has a one year low of $18.75 and a one year high of $37.20. The firm’s 50 day simple moving average is $25.30 and its two-hundred day simple moving average is $27.44. 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 announced its quarterly earnings data on Wednesday, December 3rd. The company reported $0.31 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $147.31 million. During the same quarter in the prior year, the company earned $0.21 EPS. The firm’s 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, analysts expect that nCino Inc. will post 0.12 EPS for the current fiscal year.

nCino announced that its board has initiated a stock repurchase plan on Monday, December 8th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to repurchase up to 3.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On nCino

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in nCino by 7.7% in the first quarter. Vanguard Group Inc. now owns 11,666,955 shares of the company’s stock worth $320,491,000 after acquiring an additional 836,182 shares during the period. Swiss National Bank lifted its position in shares of nCino by 4.8% in the 1st quarter. Swiss National Bank now owns 190,600 shares of the company’s stock worth $5,236,000 after purchasing an additional 8,800 shares during the period. Covestor Ltd boosted its stake in shares of nCino by 27.6% during the 1st quarter. Covestor Ltd now owns 2,388 shares of the company’s stock valued at $66,000 after purchasing an additional 517 shares in the last quarter. Invesco Ltd. boosted its stake in shares of nCino by 3.6% during the 1st quarter. Invesco Ltd. now owns 2,697,437 shares of the company’s stock valued at $74,099,000 after purchasing an additional 94,940 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of nCino during the first quarter valued at about $7,790,000. 94.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on NCNO shares. Stephens raised nCino from a “hold” rating to an “overweight” rating in a research note on Monday, October 27th. William Blair raised nCino from a “market perform” rating to an “outperform” rating in a research note on Friday, October 10th. JMP Securities boosted their price objective on nCino from $35.00 to $41.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 27th. Piper Sandler cut their target price on shares of nCino from $34.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, December 4th. Finally, Truist Financial decreased their target price on shares of nCino from $32.00 to $27.00 and set a “hold” rating on the stock in a research note on Thursday, December 4th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, nCino currently has an average rating of “Moderate Buy” and an average price target of $33.47.

About nCino

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.