On September 18, 2024, April Rieger, the Chief Legal & Compliance Officer, Secretary of Ncino Inc (NCNO, Financial), executed a sale of 7,833 shares of the company. The transaction was filed on the same day with the SEC. Following this transaction, the insider now owns 151,879 shares of Ncino Inc.
Ncino Inc is a software company that provides cloud-based banking solutions. The company's platform assists financial institutions with customer interaction and streamlines the banking processes, enhancing efficiency and compliance.
Over the past year, the insider has sold a total of 72,560 shares and has not made any purchases. This recent sale is part of a broader trend observed at Ncino Inc, where there have been 103 insider sells and no insider buys over the past year.
On the day of the sale, shares of Ncino Inc were trading at $30 each. This pricing gives the company a market cap of approximately $3.52 billion. According to the GF Value, which is an intrinsic value estimate calculated by GuruFocus, Ncino Inc is currently modestly undervalued. The GF Value of $36.40 suggests a price-to-GF-Value ratio of 0.82.
The GF Value is determined by historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
This insider sale might interest investors tracking ownership changes and evaluating the stock based on its current market valuation and intrinsic value metrics.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
