Dollar rebounds despite Fed independence worries; euro slips
April Rieger, Chief Legal and Compliance Officer at nCino, Inc. (NASDAQ:NCNO), recently sold 7,881 shares of the company’s common stock. The shares were sold at an average price of $20.863, amounting to a total transaction value of $164,421. Following this transaction, Rieger retains ownership of 138,072 shares in the company. The transaction comes as nCino, with a market capitalization of $2.5 billion, has seen its stock decline nearly 25% in the past week. According to InvestingPro analysis, the company appears undervalued despite showing promising growth prospects, with revenue increasing by 13.5% over the last twelve months.
It’s important to note that these shares were sold to cover tax withholding obligations due upon the vesting of restricted stock units (RSUs), as mandated by nCino’s equity incentive plans. This type of transaction does not represent a discretionary trade by Rieger. For deeper insights into insider transactions and comprehensive analysis, InvestingPro subscribers can access detailed financial health scores and 12 additional ProTips that provide valuable context for investment decisions.
In other recent news, nCino Inc. reported its fourth-quarter financial results for fiscal year 2025, with revenue reaching $141.4 million, a 14% increase from the previous year. Subscription revenue also grew year-over-year to $125.0 million, exceeding consensus estimates. Despite these positive figures, the company’s fiscal year 2026 revenue guidance fell short of expectations, leading several analysts to adjust their price targets and ratings. UBS cut its price target to $30 but maintained a Buy rating, citing challenges in mortgage and international bookings. Keefe, Bruyette & Woods reduced their target to $28 while retaining an Outperform rating, highlighting potential upside despite a conservative revenue guide. Goldman Sachs downgraded nCino’s stock to Neutral, lowering the price target to $24 due to concerns over slower-than-expected performance in its core commercial business. Needham also reduced their price target to $28, maintaining a Buy rating, and noted foreign exchange headwinds and ongoing challenges in the mortgage sector. Citizens JMP lowered their target to $32 but continued to see nCino as a favorable investment, maintaining a Market Outperform rating.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.