On October 14, 2024, Sean Desmond, Chief Product Officer of Ncino Inc (NCNO, Financial), executed a sale of 30,000 shares of the company at a price of $34.77 per share. This transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 341,511 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 increases operational efficiency.
Over the past year, Sean Desmond has sold a total of 70,998 shares of Ncino Inc and has not purchased any shares. This recent transaction is part of a broader trend observed within the company, where there have been 103 insider sells and no insider buys over the past year.
The shares of Ncino Inc were trading at $34.77 on the day of the transaction, giving the company a market cap of approximately $4.17 billion. According to the GF Value, the intrinsic value of the stock is estimated at $36.71, indicating that the stock is Fairly Valued with a price-to-GF-Value ratio of 0.95.
The GF Value is calculated based on historical multiples such as 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 could be of interest to investors tracking insider behaviors as an indicator of confidence levels in the company's future prospects.
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.
