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WILMINGTON, N.C.—Sean Desmond, the CEO and President of nCino, Inc. (NASDAQ:NCNO), recently sold 7,880 shares of the company’s common stock. The shares were sold at a price of $20.863 each, totaling approximately $164,400. Following this transaction, Desmond holds 298,597 shares directly. The sale comes as nCino’s stock has declined nearly 25% in the past week, with InvestingPro data showing the stock currently trading in oversold territory.
The sale was conducted to cover tax withholding obligations upon the vesting of restricted stock units (RSUs), as mandated by nCino’s equity incentive plans. This type of transaction is not considered a discretionary trade by Desmond. According to InvestingPro analysis, nCino, with a market capitalization of $2.5 billion and revenue growth of ~13%, appears undervalued at current levels. Subscribers to InvestingPro can access 10+ additional exclusive insights and a comprehensive Pro Research Report for deeper analysis of NCNO’s valuation metrics and growth prospects.
In other recent news, nCino Inc. has reported its fourth-quarter financial results for fiscal year 2025, revealing a revenue of $141.4 million, which represents a 14% increase from the previous year and slightly exceeds the consensus estimate of $140.9 million. The company’s subscription revenue also rose year-over-year to $125.0 million, surpassing expectations. However, the non-GAAP earnings per share of $0.12 fell short of the expected $0.19, partly due to foreign exchange headwinds. Following these results, several financial firms have adjusted their outlooks for nCino.
UBS has reduced its price target for nCino to $30 from $43 while maintaining a Buy rating, noting that the company’s fiscal year 2026 guidance fell short of Street expectations. Similarly, Keefe, Bruyette & Woods cut their price target to $28 from $40 but retained an Outperform rating, expressing confidence in nCino’s long-term potential despite recent guidance misses. Goldman Sachs downgraded nCino’s stock from Buy to Neutral and slashed the price target to $24, citing challenges in the company’s core commercial business and slower-than-expected performance.
Needham also lowered its price target to $28 from $45, maintaining a Buy rating, and highlighted the company’s conservative guidance and foreign exchange challenges. Citizens JMP adjusted its price target to $32 from $43, continuing to rate the stock as Market Outperform, reflecting strong billing and subscription revenue growth despite lower-than-expected earnings per share. These developments suggest a cautious yet optimistic outlook from analysts regarding nCino’s future performance amid near-term challenges.
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