nCino CEO Desmond Sean sells $164,123 in common stock

WILMINGTON, NC—Desmond Sean, CEO of nCino, Inc. (NASDAQ:NCNO), recently sold 5,034 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The shares were sold at an average price of $32.603 each, totaling approximately $164,123. The cloud banking software provider, with a market capitalization of $3.75 billion, currently trades near analyst price targets ranging from $38 to $45. According to InvestingPro, the company maintains a FAIR financial health score, with liquid assets exceeding short-term obligations.

This transaction was executed on February 4, 2025, and leaves Sean with 306,477 shares of nCino stock. It is important to note that these shares were sold to cover tax withholding obligations upon the vesting of restricted stock units (RSUs). Such transactions are mandated by nCino’s equity incentive plans and do not represent a discretionary trade by Sean. The company has shown revenue growth of ~13% over the last twelve months, and InvestingPro analysis reveals 7 additional key insights about nCino’s financial position and growth prospects, available through the comprehensive Pro Research Report.

In other recent news, nCino Inc. has been in the spotlight with several significant developments. The company recently appointed a new CEO, Sean Desmond, who previously served as the Chief Product Officer. This leadership change coincided with the reaffirmation of the company’s financial guidance for fiscal year 2025.

In terms of financial performance, JMP Securities maintained its Market Outperform rating on nCino’s stock with a price target of $43. The firm’s analyst adjusted the non-GAAP earnings per share (EPS) estimates for fiscal years 2026 and 2027, citing likely conservative initial guidance from the new CEO and the impact of high interest rates on mortgage volumes.

Barclays (LON:BARC) also upgraded nCino’s stock from Equalweight to Overweight, citing the company’s new platform pricing model expected to accelerate revenue recognition. The firm set a new price target of $44, expressing confidence in nCino’s growth potential.

In addition, nCino updated its executive compensation agreements, aligning with market practices and modifying termination provisions. These recent developments reflect nCino’s ongoing strategic efforts to navigate a rapidly evolving financial services industry.

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