nCino, Inc. Common Stock (NCNO)
nCino, Inc. (NCNO) is a cloud banking software provider that offers a platform designed to streamline and automate banking operations, including loan origination, deposit account opening, and compliance processes. Founded in 2012, the company focuses on delivering digital solutions to financial institutions, enabling them to improve efficiency, reduce risk, and enhance customer experience through its cloud-based platform built on Salesforce.
Company News
Wall Street paused as rising Treasury yields and upcoming Nvidia earnings and Fed minutes weighed on sentiment. The S&P 500 slipped 0.2%, with technology and communication services sectors avoiding losses.
Banque Raiffeisen, Luxembourg's only cooperative bank, has chosen the nCino Platform to digitize its loan and credit chain management. The partnership will support Banque Raiffeisen in driving operational efficiency, streamlining workflows, and strengthening regulatory compliance.
nCino, a fintech company, reported its Q2 2025 results, with revenue and earnings beating analyst estimates. However, the company's guidance for the current quarter and fiscal year 2025 fell short of expectations, leading to a sell-off in the stock. Analysts have mixed reactions, with one cutting his price target for the stock.
Executives at Insight Holdings Group, a major shareholder in nCino, have sold over $2.4 million worth of nCino stock. The transactions were executed under a Rule 10b5-1 trading plan, which allows insiders to sell shares over a predetermined period to avoid insider trading allegations.
Belonging to the coveted Zacks Rank #1 (Strong Buy) list, several stocks are standing out after these companies were able to impressively exceed their first quarter top and bottom-line expectations on Wednesday.
