nCino (NASDAQ:NCNO) Insider April Rieger Sells 7,852 Shares of Stock

nCino Inc. (NASDAQ:NCNO) insider April Rieger sold 7,852 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 transaction of $150,915.44. Following the transaction, the insider owned 375,749 shares in the company, valued at approximately $7,221,895.78. The trade was a 2.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

nCino Stock Down 1.2%

Shares of NASDAQ:NCNO traded down $0.24 during trading hours on Thursday, hitting $18.99. The company’s stock had a trading volume of 1,654,296 shares, compared to its average volume of 2,978,332. The firm’s fifty day moving average price is $16.64 and its 200 day moving average price is $17.11. nCino Inc. has a 52 week low of $13.80 and a 52 week high of $33.92. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 158.25 and a beta of 0.66. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.89 and a quick ratio of 0.89.

Analyst Upgrades and Downgrades

NCNO has been the subject of a number of analyst reports. Needham & Company LLC restated a “buy” rating and set a $25.00 target price on shares of nCino in a report on Thursday, May 28th. Citigroup reiterated a “market outperform” rating on shares of nCino in a report on Monday, June 22nd. Weiss Ratings raised nCino from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, May 28th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of nCino in a research note on Wednesday, June 24th. Finally, Citizens Jmp dropped their price objective on nCino from $32.00 to $23.00 and set a “market outperform” rating on the stock in a research report on Monday, May 18th. One equities research 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 issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $25.29.

Institutional Investors Weigh In On nCino

Several institutional investors have recently bought and sold shares of the company. Algebris UK Ltd. grew its stake in shares of nCino by 266.2% during the fourth quarter. Algebris UK Ltd. now owns 1,032,782 shares of the company’s stock worth $26,493,000 after acquiring an additional 750,744 shares during the last quarter. Hawk Ridge Capital Management LP raised its position 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 valued at $67,138,000 after purchasing an additional 3,864,010 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in nCino in the 4th quarter worth approximately $3,982,000. American Capital Management Inc. boosted its stake in nCino by 17.1% in the 1st quarter. American Capital Management Inc. now owns 2,375,396 shares of the company’s stock worth $35,583,000 after purchasing an additional 347,587 shares in the last quarter. Finally, Royce & Associates LP purchased a new stake in nCino during the 4th quarter worth approximately $3,681,000. 94.76% of the stock is currently owned by institutional investors and hedge funds.

nCino News Roundup

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

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.