Gregory Orenstein Sells 11,780 Shares of nCino (NASDAQ:NCNO) Stock

nCino Inc. (NASDAQ:NCNO) CFO Gregory Orenstein sold 11,780 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $19.22, for a total value of $226,411.60. Following the sale, the chief financial officer owned 690,513 shares of the company’s stock, valued at $13,271,659.86. This represents a 1.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

nCino Stock Up 0.9%

NASDAQ NCNO opened at $19.17 on Friday. The stock’s 50 day moving average is $16.76 and its 200 day moving average is $17.09. 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 $2.10 billion, a PE ratio of 159.75 and a beta of 0.66.

Key nCino News

Here are the key news stories impacting nCino this week:

• Positive Sentiment: nCino released Mortgage MCP, a capability that allows lenders to connect AI agents directly to the nCino Mortgage Suite while preserving the company’s compliance, permissions and governance framework. The product could strengthen nCino’s competitive position as banks seek to deploy AI safely and automate mortgage workflows. nCino Mortgage MCP announcement
• Positive Sentiment: Conestoga Capital Advisors’ second-quarter investor letter highlighted nCino’s durable expansion prospects amid improving sentiment toward small-cap growth stocks. Conestoga has also increased its nCino position, reinforcing the view that institutional investors see long-term potential in the company’s cloud-based banking platform. Conestoga Capital Advisors investor letter
• Neutral Sentiment: Analyst sentiment remains broadly favorable, with a consensus “Moderate Buy” rating and an average price target of $25.29. However, ratings are mixed: Needham and Keefe, Bruyette & Woods remain positive, while Goldman Sachs and JPMorgan maintain neutral views, and Zacks recently downgraded the stock to Hold.
• Negative Sentiment: Several executives and insiders sold shares, including the CEO, CFO, director Pierre Naude and other senior personnel. The transactions totaled approximately 67,000 shares and were made under pre-arranged Rule 10b5-1 plans to cover tax withholding on vested equity awards, making them less concerning than discretionary sales; nevertheless, the volume may weigh on short-term sentiment. nCino insider transactions
• Negative Sentiment: nCino’s valuation remains demanding, with a price-to-earnings ratio above 150. Recent analyst target cuts, including reductions by Goldman Sachs and Citizens JMP, could limit upside unless the company delivers stronger growth and profitability.

Analyst Ratings Changes

NCNO has been the topic of several research analyst reports. Citizens Jmp lowered their target price on shares of nCino from $32.00 to $23.00 and set a “market outperform” rating on the stock in a report on Monday, May 18th. Wall Street Zen cut shares of nCino from a “buy” rating to a “hold” rating in a research note on Saturday. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of nCino in a report on Wednesday, June 24th. Zacks Research downgraded shares of nCino from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, nCino presently has an average rating of “Moderate Buy” and an average price target of $25.29.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in nCino during the second quarter valued at $147,492,000. Hawk Ridge Capital Management LP grew its stake in shares of nCino by 625.4% in the 1st quarter. Hawk Ridge Capital Management LP now owns 4,481,810 shares of the company’s stock worth $67,138,000 after buying an additional 3,864,010 shares in the last quarter. Bank of America Corp DE grew its stake in shares of nCino by 475.1% in the 3rd quarter. Bank of America Corp DE now owns 2,513,686 shares of the company’s stock worth $68,146,000 after buying an additional 2,076,579 shares in the last quarter. Millennium Management LLC increased its holdings in shares of nCino by 262.8% in the 4th quarter. Millennium Management LLC now owns 2,341,532 shares of the company’s stock worth $60,037,000 after buying an additional 1,696,051 shares during the last quarter. Finally, Senvest Management LLC increased its holdings in shares of nCino by 68.6% in the 4th quarter. Senvest Management LLC now owns 4,078,276 shares of the company’s stock worth $104,567,000 after buying an additional 1,658,868 shares during the last quarter. 94.76% of the stock is currently owned by institutional investors.

nCino Company Profile

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.