Ncino CEO Sean Desmond sells $150,716 of NCNO stock
On October 5, 2026, nCino CEO Sean Desmond sold 8,064 shares of the company's common stock, netting $150,716. The sale was made in conjunction with the exercise of stock options, which were exercised at a price of $4.98 per share, resulting in a total cost of $40,158. Both the option exercise and the stock sale were carried out according to a pre-established Rule 10b5-1 trading plan, adopted by Desmond on January 6, 2026.
The CEO now owns a total of 1,231,080 shares of nCino common stock, as well as 164,164 derivative securities in the form of stock options. The stock price has since increased to $19.73, surpassing Desmond's sale price of $18.69. Analysts have noted that nCino appears undervalued at current levels, with eight analysts revising earnings estimates upwards.
The company recently reported strong second-quarter results, with revenue and profit exceeding expectations. In addition, nCino has successfully transitioned a significant portion of its annual contract value to a new pricing model ahead of schedule. Various financial institutions have raised their price targets for the stock, reflecting confidence in the company's growth prospects and strategic advancements.
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