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 firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $19.22, for a total transaction of $150,915.44. Following the sale, the insider directly owned 375,749 shares of the company’s stock, valued at approximately $7,221,895.78. The trade was a 2.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

nCino Stock Performance

NASDAQ:NCNO opened at $18.99 on Friday. The firm has a 50 day moving average of $16.70 and a 200-day moving average of $17.08. 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 1 year low of $13.80 and a 1 year high of $33.92. The stock has a market capitalization of $2.08 billion, a P/E ratio of 158.25 and a beta of 0.66.

More nCino News

Here are the key news stories impacting nCino this week:

• Positive Sentiment: Institutional ownership remains high at approximately 94.8%, and several funds have recently increased their positions. Hawk Ridge Capital Management expanded its stake by more than 625%, while Algebris UK increased its holdings by more than 266%. These purchases suggest continued institutional interest in nCino’s cloud-based banking software platform. nCino institutional activity and outlook
• Positive Sentiment: Wall Street’s consensus view remains “Moderate Buy,” with an average price target of $25.29, implying potential upside from current levels. Needham and Citigroup maintain positive ratings, while one analyst has assigned a Strong Buy rating.
• Neutral Sentiment: CEO Sean Desmond, CFO Gregory Orenstein, Director Pierre Naude, SVP Jeanette Sellers and insider April Rieger collectively sold approximately 67,222 shares worth about $1.30 million during August 4–5. Most transactions were conducted under pre-arranged Rule 10b5-1 plans and were intended to cover tax withholding tied to vested equity awards, reducing their significance as a bearish signal. SEC insider trading filings
• Negative Sentiment: The breadth of insider selling—including transactions by both the CEO and CFO—could still weigh on sentiment and create short-term supply pressure. The sales also arrive while nCino carries a high valuation, with a reported P/E ratio above 158.
• Negative Sentiment: Analyst target reductions temper the bullish outlook. Citizens JMP lowered its target to $23 from $32, and Goldman Sachs reduced its target to $21 while maintaining a Neutral rating. nCino insider trading and analyst information

Hedge Funds Weigh In On nCino

A number of hedge funds and other institutional investors have recently bought and sold shares of NCNO. Millennium Management LLC grew its stake in shares of nCino by 16.6% during the first quarter. Millennium Management LLC now owns 303,853 shares of the company’s stock worth $8,347,000 after purchasing an additional 43,247 shares during the period. Woodline Partners LP boosted its holdings in shares of nCino by 105.3% in the first quarter. Woodline Partners LP now owns 13,227 shares of the company’s stock valued at $363,000 after buying an additional 6,783 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in nCino by 16.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 281,435 shares of the company’s stock worth $7,731,000 after purchasing an additional 39,345 shares in the last quarter. Prudential Financial Inc. bought a new position in shares of nCino during the second quarter worth about $208,000. Finally, Marshall Wace LLP bought a new position in shares of nCino during the 2nd quarter worth approximately $4,163,000. 94.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Zacks Research downgraded shares of nCino from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of nCino in a research note on Wednesday, June 24th. Citigroup reiterated a “market outperform” rating on shares of nCino in a research report on Monday, June 22nd. Citizens Jmp dropped their price objective on shares of nCino from $32.00 to $23.00 and set a “market outperform” rating for the company in a research report on Monday, May 18th. Finally, JPMorgan Chase & Co. upped their price objective on nCino from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Monday, June 22nd. One equities research analyst has 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $25.29.

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.