CPO Desmond Sean sold 30,000 NCNO shares at $40.21 on 2024-11-06; still holds 311,511 shares post-transaction.
Desmond Sean, Chief Product Officer, executed a discretionary open-market sale of 30,000 shares (8.8% of his pre-transaction holdings) on 2024-11-06 at $40.21 per share, reducing his position to 311,511 shares. The sale occurred as the stock has appreciated significantly: 32.7% over 30 days and 32.5% over 90 days, now trading at $42.53—just 0.0% below its 52-week high. nCino remains unprofitable with a net loss of $11.0M on $132.4M in quarterly revenue, though the company posted 16.7% annual revenue growth. This sale follows a prior NCNO sale on 2024-10-14, showing a pattern of sequential dispositions; however, the earlier trade outcome is not yet measurable. The insider retains substantial holdings (311.5K shares), indicating continued material stake in the company despite the recent divestiture.
nCino CPO Sean Desmond sold 30,000 shares at $34.77 (Form 4); 341.5K shares remain post-transaction.
Desmond Sean, Chief Product Officer, sold 30,000 shares at $34.77, reducing his holdings by 8.1% to 341,511 shares. The sale occurred when nCino's stock was trading below its 52-week high of $37.38 and the company remains unprofitable with full-year net income of $-11.0M, though quarterly revenue reached $132.4M with annual growth of 16.7%. The timing of this discretionary sale warrants examination given the company's unprofitable status and the CPO role's strategic importance to product development, though the magnitude and remaining stake suggest a partial reduction rather than exit.
