nCino (NASDAQ:NCNO) CEO Sean Desmond Sells 10,006 Shares of Stock

nCino Inc. (NASDAQ:NCNO) CEO Sean Desmond sold 10,006 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $25.81, for a total transaction of $258,254.86. Following the completion of the transaction, the chief executive officer directly owned 618,597 shares in the company, valued at approximately $15,965,988.57. The trade was a 1.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

nCino Stock Up 1.2%

NCNO opened at $25.49 on Friday. The firm’s 50 day simple moving average is $27.64 and its two-hundred day simple moving average is $27.23. The company has a market capitalization of $2.95 billion, a PE ratio of -87.90, a PEG ratio of 15.87 and a beta of 0.62. nCino Inc. has a 1-year low of $18.75 and a 1-year high of $43.20. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.24.

nCino (NASDAQ:NCNO) last announced its earnings results on Tuesday, August 26th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.08. The company had revenue of $148.82 million for the quarter, compared to analysts’ expectations of $143.17 million. nCino had a positive return on equity of 1.18% and a negative net margin of 5.86%.nCino’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period last year, the firm earned $0.14 EPS. nCino has set its FY 2026 guidance at 0.770-0.800 EPS. Q3 2026 guidance at 0.200-0.21 EPS. As a group, equities analysts forecast that nCino Inc. will post 0.12 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on NCNO shares. Barclays lifted their price target on shares of nCino from $31.00 to $37.00 and gave the company an “overweight” rating in a report on Wednesday, August 27th. Bank of America lifted their target price on shares of nCino from $34.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, August 27th. Zacks Research upgraded nCino from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 27th. JMP Securities upped their price objective on nCino from $35.00 to $41.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 27th. Finally, Needham & Company LLC lifted their target price on nCino from $33.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, August 27th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $33.94.

Institutional Trading of nCino

Several hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in shares of nCino by 186.4% in the third 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. Advisors Asset Management Inc. lifted its position in nCino by 68.5% during the second quarter. Advisors Asset Management Inc. now owns 1,127 shares of the company’s stock valued at $32,000 after purchasing an additional 458 shares during the last quarter. AlphaQuest LLC lifted its position in nCino by 5,022.2% during the third quarter. AlphaQuest LLC now owns 1,383 shares of the company’s stock valued at $37,000 after purchasing an additional 1,356 shares during the last quarter. Hilltop National Bank purchased a new position in shares of nCino in the 2nd quarter worth $42,000. Finally, Covestor Ltd increased its holdings in shares of nCino by 27.6% in the 1st quarter. Covestor Ltd now owns 2,388 shares of the company’s stock worth $66,000 after buying an additional 517 shares during the last quarter. 94.76% of the stock is owned by hedge funds and other institutional investors.

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.