Wilmington, NC – Gregory Orenstein, the Chief Financial Officer and Treasurer of nCino, Inc. (NASDAQ:NCNO), recently executed a significant stock transaction. According to a recent filing, Orenstein sold 50,000 shares of the company's common stock, amounting to approximately $2,010,344. The shares were sold at a weighted average price of $40.2069 per share, with individual sale prices ranging from $40.00 to $40.59.
This sale was part of a pre-established trading plan under Rule 10b5-1, which Orenstein adopted on January 16, 2024. In conjunction with the sale, Orenstein also exercised stock options to acquire 50,000 shares at a price of $2.45 per share, totaling $122,500. Following these transactions, Orenstein holds 276,892 shares directly.
These transactions reflect Orenstein's strategic management of his holdings in nCino, a company known for its cloud banking solutions. The stock sales and option exercises were conducted on November 6, 2024, and were reported to the Securities and Exchange Commission on November 8, 2024.
In other recent news, nCino, Inc. reported Q2 2025 earnings with total revenues of $132.4 million, subscription revenues of $113.9 million, and non-GAAP operating income of $19.3 million. The company also announced the acquisition of UK-based SaaS company FullCircl for $135 million, aiming to enhance customer onboarding and lifecycle management capabilities for commercial banks in the UK and Europe. Analyst firms Truist Securities and Raymond (NS:RYMD) James have shown confidence in nCino's prospects, with Truist Securities raising its stock price target for nCino from $37.00 to $44.00 and maintaining a Buy rating, while Raymond James upgraded nCino from Market Perform to Outperform. Other recent developments include the appointment of Joaquín de Valenzuela as the new Managing Director for the EMEA region, the integration of nCino's Commercial Banking Solution by Tokushima Taisho Bank, and the Delaware Supreme Court affirming the dismissal of a stockholder lawsuit related to nCino's mergers with nCino OpCo and SimpleNexus.
InvestingPro Insights
To provide additional context to Gregory Orenstein's recent stock transactions, let's examine some key financial metrics and insights from InvestingPro for nCino, Inc. (NASDAQ:NCNO).
As of the latest data, nCino boasts a market capitalization of $4.92 billion, indicating its significant presence in the cloud banking solutions sector. The company's revenue for the last twelve months as of Q2 2025 stood at $506.12 million, with a revenue growth rate of 13.64% over the same period. This growth trajectory aligns with the company's position in the rapidly evolving fintech industry.
InvestingPro Tips highlight that nCino is expected to become profitable this year, which could be a positive signal for investors. This expectation of profitability comes despite the company not being profitable over the last twelve months, suggesting a potential turnaround in financial performance.
The stock's recent performance has been notably strong, with InvestingPro data showing a 35.06% price return over the last month and a 35.93% return over the past six months. This upward momentum has brought nCino's stock price to 98.84% of its 52-week high, indicating strong investor confidence.
However, it's worth noting that 7 analysts have revised their earnings downwards for the upcoming period, which investors should consider alongside the positive price action. Additionally, an InvestingPro Tip suggests that the stock's RSI indicates it may be in overbought territory, potentially signaling caution for short-term traders.
For those interested in a deeper analysis, InvestingPro offers 13 additional tips for nCino, providing a more comprehensive view of the company's financial health and market position.
The CFO's decision to sell shares while simultaneously exercising options at a lower price point may be part of a broader personal financial strategy. Given nCino's strong recent performance and the expectation of profitability, Orenstein's transactions could be seen as a balanced approach to managing his equity stake in the company.
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