HORING JEFF

Director Jeff Horing sold entire 3.92M share stake in nCino (NCNO) for $117.5M across 2 transactions; stock down 28.7% from 52-week high.

Director Jeff Horing liquidated his complete 3,915,422 share position in nCino through 2 separate sales totaling $117,491,845.17 at an average price of $30.01. This complete exit occurs while the stock trades 28.7% below its 52-week high of $42.64, despite a 16.1% rebound over the past 30 days. At the same-ticker level, Horing's prior 2 measurable sales at NCNO showed well-timed execution (90-day returns of -6.5% and -7.0%), suggesting a pattern of selling ahead of declines; however, the 3 most recent sales (including the August 28 and 29 transactions) remain in early post-transaction windows. The company reported negative net income of $-15,257,000.00 on quarterly revenue of $148,815,000.00 and remains unprofitable on a full-year basis, adding context to the director's full liquidation, though the timing relative to forward guidance or operational milestones cannot be inferred from the filing alone.

Director HORING JEFF sold 543,169 shares ($17.6M) in 3 transactions at $32.26–$33.29, holding 3.92M shares; prior 5 NCNO sales all well-timed with negative 90d returns.

Director HORING JEFF executed 3 separate sales totaling 543,169 (543.2K shares) for $17,565,597.78 ($17.6M) on 2025-08-28 and 2025-08-29 at a blended average price of $32.34. His holdings fell from 4.46M shares to 3.92M shares, a reduction of 12.2%. The stock currently trades at $31.08, down 27.1% from its 52-week high of $42.64 and recently up 14.5% over 30 days. Critically, his prior 5 sales at NCNO all demonstrated well-timed exits: each was followed by negative 90-day returns ranging from -20.2% to -38.7%, indicating a consistent pattern of selling before declines. The company reported a loss of $15,257,000.00 in the latest quarter despite 13.4% annual revenue growth, and remains unprofitable on a full-year basis. This latest sale aligns with his demonstrated timing pattern at this ticker and occurs in the context of ongoing corporate losses.

Director JEFF HORING sold 54,876 shares of NCNO at $35.00 on 2025-01-06; stock now at $33.51, -21.4% from 52-week high.

JEFF HORING, a Director, sold 54,876 shares (54.9K shares) of nCino on 2025-01-06 at $35.00, reducing his holdings by 1.2% to 4,458,591 shares (4.46M shares). The sale occurred as the stock trades $33.51 currently, down 9.7% over the past 30 days and 21.4% below its 52-week high of $42.64. Notably, HORING has executed five separate sales at NCNO within the past month (2024-12-11 through 2024-12-18), with this being the most recent transaction. His broader cross-ticker track record shows 20 prior sells with a 90-day well-timed rate of 0.00%, indicating his sales have historically been poorly timed. The company remains unprofitable (net income of $-5,252,000 in the latest quarter) despite 16.7% annual revenue growth, trading at a $3.9B market cap.

Director HORING JEFF sold 4,474,158 shares (4.47M) of nCino at $35.75 for $159,955,622.66, reducing stake by 49.8%

HORING JEFF, a director at nCino, executed a substantial sale of 4,474,158 shares at $35.75 on 2024-12-18, divesting nearly half his stake (49.8% reduction) and generating $159,955,622.66 in proceeds. The sale price sits 17.4% below the 52-week high of $42.64 and follows a 12.1% decline over the prior 30 days, though the stock has gained 15.7% over 90 days. The transaction occurs within a pattern of five recent same-ticker sales across December 10–16, all within measurable outcomes pending. This represents a significant concentration of sell activity by a key insider at a company with $138.8M in quarterly revenue and ongoing unprofitability ($-5.3M net income in the latest period), despite annual revenue growth of 16.7%.

Director Jeff Horing sells 91,376 shares over 2 days at blended average $36.23 for $3.3M; stock now -17.0% from 52-week high at $35.40

Jeff Horing, Director at nCino, executed 2 separate sales totaling 91,376 shares for $3,310,165.74 (blended average price $36.23) on 2024-12-13 and 2024-12-16, reducing his holding from 9,079,001 shares to 8,987,625 shares (-1.0%). The transactions occurred as the stock traded near its 52-week low of $28.40 relative to the 52-week high of $42.64 (current price $35.40 representing -17.0% from high). Over his cross-ticker track record of 20 prior sells, Horing achieved a 90-day well-timed rate of 7.69% with an average 90-day return of +12.0%, but his same-ticker history at NCNO shows 5 prior sales in rapid succession (Oct 18–Dec 12), with only the Oct 18 sale measurable at 30 days (+9.8%); no 90-day outcomes are yet available for any recent NCNO transaction to assess timing. The company remains unprofitable on a full-year basis (net income $-5,252,000.00 for latest quarter) despite annual revenue growth of +16.7%, which provides mixed fundamental context for evaluating the sale signal.

Director HORING JEFF sold 1,878,424 shares ($68.9M) at blended avg $36.67 on Dec 11-12; still holds 9.08M post-sale

HORING JEFF executed 2 separate sales totaling 1,878,424 shares for $68,884,783.40 on 2024-12-11 and 2024-12-12, reducing his position by 17.1% to 9,079,001 shares remaining. The blended average price of $36.67 sits modestly above the current market price of $35.46, and notably 16.8% below the 52-week high of $42.64. At the cross-ticker level, his track record across 20 prior open-market sells shows a 90-day well-timed rate of 7.14%, indicating his sells historically have not captured major declines ahead of time; his average 90-day return after prior sells was +11.2%, meaning the stock typically rose after he sold. At this specific ticker (NCNO), recent sales on 2024-10-17 and 2024-10-18 posted +11.2% and +9.8% 30-day returns respectively, continuing the pattern of the stock rising after his exit. The sale occurs as nCino reported a loss in its most recent full fiscal year (net income $-5.3M on revenue $138.8M) despite 16.7% annual revenue growth, and the stock has declined 14.5% over the last 30 days.

Director Jeff Horing sold 1,556,042 shares (1.56M) over two days for $56,782,248.41 ($56.8M) at blended average $36.49.

Director Jeff Horing executed two separate sales totaling 1,556,042 shares for $56,782,248.41, reducing his stake by 12.4% from 12,513,467 to 10,957,425 shares. The sales occurred on 2024-12-09 and 2024-12-10 at prices ($37.27 and $36.18 respectively) near the current price of $36.41 and well above the 52-week low of $28.40, though -14.6% from the 52-week high of $42.64. At the same-ticker level (NCNO), Horing's four prior measurable sales showed mixed timing outcomes: two produced positive 30-day returns of +9.8% and +11.2% to +11.7%, while his August 2024 sale yielded a -12.3% 30-day return followed by a +23.8% 90-day return. The company posted recent quarterly revenue of $138,797,000.00 against a net loss of $-5,252,000.00 and remains unprofitable despite 16.7% annual growth. The stock has declined 14.6% over the past 30 and 90 days, suggesting a recent downward shift in valuation.

Director HORING JEFF sold 1,833,975 shares of NCNO at $36.62 on 2024-10-18, reducing stake 12.8%; stock at 30-day +22.2%.

HORING JEFF, a Director, sold 1,833,975 shares (12.8% reduction from 14,347,442 shares) at $36.62, collecting $67,166,400.02. The sale occurred as NCNO stock rose +22.2% over the prior 30 days and now trades near its 52-week high ($37.21 vs. 52-week range $27.58–$37.38). This marks the third consecutive sale by this insider in two days (following sales on 2024-10-17 and 2024-10-16), suggesting a deliberate series rather than a one-time event. Critically, nCino remains unprofitable (net income: $-11,040,000.00 on $132,403,000.00 revenue) despite 16.7% annual growth, and the insider's prior five sales at NCNO all resulted in negative 30-day returns (-9.5% to -12.3%), with zero well-timed 90-day outcomes measured to date, suggesting his recent exits at this ticker have not preceded further declines in a pattern investors would expect from a prescient seller.

Director JEFF HORING sold 1,666,025 shares ($60.1M) at avg $36.05 on Oct 16-17; retains 14.35M shares post-sale.

JEFF HORING, a Director of nCino, Inc., executed two separate sales totaling 1,666,025 shares for $60,053,972.96 at an average price of $36.05 on October 16-17, 2024, reducing his holdings by 10.4% to 14,347,442 shares. His prior trades at nCino show a consistent pattern of poorly-timed sells: five prior sales at this ticker on July 30, July 31, August 14, August 15, and October 18, 2024 each resulted in negative 30-day returns (ranging from -9.4% to -12.3%), indicating the stock rose after he sold. His cross-ticker track record shows a 54.55% well-timed rate (meaning 54.55% of his 20 prior sells across all tickers resulted in subsequent declines), which is marginally better than random timing. nCino remains unprofitable on a full-year basis (net income $-11.0M over the latest period) despite 16.7% annual revenue growth to $132.4M, adding operational context to the large-scale liquidation. The timing of this significant insider sale—with the stock trading only 2.1% below its 52-week high after rallying +22.4% in 30 days—may warrant review of whether Horing has informational advantage or is simply rebalancing a large position in a recovering stock.

Director Jeff Horing sold 1,436,477 shares (1.44M) of nCino (NCNO) for $47,851,017.54 in two transactions on 2024-08-14 and 2024-08-15 at blended average price $33.31.

Jeff Horing, a Director at nCino, executed 2 separate sales totaling 1,436,477 shares for $47,851,017.54, reducing his holdings from 17,449,944 shares to 16,013,467 shares (-8.2%). The sales occurred at a blended average price of $33.31, slightly below the current price of $34.24 and near the midpoint of the 52-week range ($27.58–$37.38). This represents a substantial capital transaction of nearly $48M from a single insider. The timing coincides with recent sequential selling activity at NCNO (five prior sales between 2024-07-23 and 2024-07-31), suggesting a pattern of sustained liquidation over a concentrated period. While Horing's cross-ticker track record shows a 100.00% 90d well-timed rate across 20 prior sales, the company's fundamentals remain challenged: nCino posted a net loss of $-2,976,000.00 on revenue of $128,087,000.00 in the latest quarter and was unprofitable over its most recent full fiscal year, despite 16.7% annual revenue growth.