Jeanette Sellers, Vice President of Accounting at nCino, Inc. (NASDAQ:NCNO), recently sold 105 shares of common stock. The shares were sold at an average price of $36.984, totaling approximately $3,883. Following this transaction, Sellers holds 23,320 shares directly.
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 transaction does not represent a discretionary trade by Sellers.
In other recent news, nCino reported substantial 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. In a strategic move, nCino acquired UK-based SaaS company FullCircl for $135 million, aiming to enhance customer onboarding and lifecycle management for commercial banks in the UK and Europe. The company also appointed Joaquín de Valenzuela as the new Managing Director for the EMEA region, bolstering its strategy to expand its market presence.
Analyst firms such as Truist Securities and Raymond (NS:RYMD) James have shown confidence in nCino, with Truist Securities raising its stock price target from $37.00 to $44.00 and Raymond James upgrading nCino from Market Perform to Outperform. These upgrades followed the demonstration of nCino's AI-powered Banking Advisor.
In other developments, Tokushima Taisho Bank implemented nCino's Commercial Banking Solution to enhance operational efficiency and customer service. Additionally, the Delaware Supreme Court affirmed the dismissal of a stockholder lawsuit related to nCino's mergers with nCino OpCo and SimpleNexus. These are among the recent developments surrounding nCino.
InvestingPro Insights
While Jeanette Sellers' recent stock sale was a routine transaction to cover tax obligations, it's worth examining nCino's broader financial picture. According to InvestingPro data, nCino (NASDAQ:NCNO) currently has a market capitalization of $4.64 billion and is trading near its 52-week high, with the stock price at 98.89% of its peak.
The company has shown strong recent performance, with a 21.25% price return over the past month and a 29.3% return over the past year. This upward trend aligns with an InvestingPro Tip indicating that net income is expected to grow this year, potentially boosting investor confidence.
However, it's important to note that nCino is not currently profitable, with a negative operating income margin of -3.82% over the last twelve months. Despite this, analysts predict the company will turn profitable this year, which could explain the recent stock price strength.
For investors seeking a deeper understanding of nCino's financial health and prospects, InvestingPro offers 11 additional tips, providing a more comprehensive analysis of the company's position in the market.
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