On November 6, 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 $40.21 per share. This transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 311,511 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 streamlines services across compliance, lending, and deposit operations.
Over the past year, Sean Desmond has sold a total of 100,998 shares and has not made any purchases of the company's stock. The broader insider transaction trend at Ncino Inc shows a total of 114 insider sales and no insider buys over the past year.
Shares of Ncino Inc were trading at $40.21 on the day of the transaction, giving the company a market cap of approximately $4.91 billion. According to the GF Value, the intrinsic value estimate for Ncino Inc is $36.95 per share, making the stock modestly overvalued with a price-to-GF-Value ratio of 1.09.
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, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This sale by the insider at Ncino Inc provides an interesting data point for investors tracking insider behaviors and company valuation 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.
