Still betting on Nvidia? Our AI picked this stock instead; it’s up 96%+ THIS MONTH
WILMINGTON, N.C.—Gregory Orenstein, Chief Financial Officer and Treasurer of nCino, Inc. (NASDAQ:NCNO), recently sold shares of the company’s common stock. According to a recent SEC filing, Orenstein sold 5,148 shares at a price of $32.603 per share, totaling $167,840. Following this transaction, he retains ownership of 271,744 shares.
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 the reporting person. InvestingPro analysis reveals the company maintains strong liquidity with a current ratio of 1.95 and operates with moderate debt levels. While not currently profitable, analysts expect positive earnings this year. Discover more insights with InvestingPro’s comprehensive research report, covering what really matters for nCino and 1,400+ other top stocks.
In other recent news, cloud-based banking software provider, nCino, has been in the spotlight with several key developments. The company recently announced the appointment of Sean Desmond as the new President and CEO, succeeding Pierre Naudé, who will continue as Executive Chairman of the Board. This leadership transition comes as nCino reaffirms its financial guidance for the fourth quarter and fiscal year 2025.
In the realm of financial analysis, JMP Securities maintained its Market Outperform rating on nCino with a steady price target of $43.00. The firm’s analyst expects a cautious fiscal year 2026 guidance from the company, coinciding with the CEO change. On the other hand, Barclays (LON:BARC) upgraded nCino stock from Equalweight to Overweight, citing faster revenue recognition in 2025.
nCino also updated executive compensation agreements for its top executives, aligning with market practices and updating compensation structures. This move aims to maintain competitive compensation packages for its executives and ensure stability within its leadership team. These recent developments underline nCino’s commitment to growth and innovation, while keeping pace with market standards.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.