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Jeanette Sellers, Vice President of Accounting at nCino, Inc. (NASDAQ:NCNO), recently sold a portion of her holdings in the company. The sale comes as the stock has declined nearly 23% over the past week, though InvestingPro analysis suggests the stock is currently undervalued. According to a filing with the Securities and Exchange Commission, Sellers sold 2,501 shares of common stock on April 4, 2025, at a price of $21.51 per share. This transaction, which was executed under a pre-established Rule 10b5-1 trading plan, amounted to a total value of $53,796. Following the sale, Sellers retains ownership of 19,099 shares in the company. While 13 analysts have recently revised their earnings expectations downward, InvestingPro data indicates the company is expected to achieve profitability this year. Discover more insights and 11 additional ProTips for NCNO with an InvestingPro subscription.
In other recent news, nCino Inc. has reported its fourth fiscal quarter 2025 results, with subscription revenue and non-GAAP operating income figures slightly surpassing Street estimates by approximately 1% and 1.5%, respectively. Despite these positive results, the company provided fiscal year 2026 guidance that fell short of market expectations, projecting subscription and total revenue approximately 6% below consensus. This has led multiple analyst firms to revise their outlooks on the company. UBS lowered its price target for nCino from $43 to $30, maintaining a Buy rating, citing challenges in mortgage and international bookings as reasons for the less optimistic revenue growth outlook.
Similarly, Keefe, Bruyette & Woods reduced their price target from $40 to $28 while maintaining an Outperform rating, emphasizing that nCino's stock is trading at a lower valuation compared to its peers. Goldman Sachs took a more cautious approach, downgrading nCino from Buy to Neutral and cutting the price target to $24, highlighting internal execution challenges and a slowdown in commercial lending activities. Needham also adjusted its price target to $28 from $45 but retained a Buy rating, noting that the company's long-term prospects remain positive despite near-term challenges.
These analyst actions reflect a shift in sentiment due to nCino's conservative guidance and the broader market conditions affecting its performance. Despite the challenges, some analysts see potential for recovery and growth driven by new product offerings and a more favorable lending environment in the future.
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