Orenstein Gregory

CFO Gregory Orenstein sold 50,000 NCNO shares at $40.21 on 2024-11-06; stock now at $42.53. Pre-sale holding 326.9K shares.

Orenstein reduced his position by 50,000 shares (-15.3% vs pre-transaction holdings) at $40.21, currently below the stock's $42.53 price and flat against its 52-week high of $42.53. His cross-ticker track record shows 1 prior sell with an average 30-day return of -13.1%, and the sole prior NCNO sale on 2024-08-23 also posted a -13.1% 30-day outcome. The company trades at a $4.9B market cap but remains unprofitable (net income $-11.0M in the most recent period) despite 16.7% annual revenue growth, creating an earnings-price disconnect that may warrant monitoring. The sale occurred as the stock rallied 32.7% in the 30 days prior, potentially reducing urgency absent calendar-driven or plan-based triggers.

nCino CFO Orenstein sells 45,114 shares ($1.6M) while company remains unprofitable

Gregory Orenstein, CFO and Treasurer, sold 45,114 shares at $35.03 on 2024-08-23, reducing his position by 14.0% from 322,006 to 276,892 shares. The sale occurred while nCino generated $128,087,000.00 in latest quarterly revenue with annual growth of 16.7%, but the company reported a net loss of -$2,976,000.00 over its most recent full fiscal year, indicating ongoing path to profitability remains uncertain. At the transaction price of $35.03, the sale is positioned between the current price of $34.65 and the 52-week high of $37.38, with the stock up 13.6% over the prior 90 days. The combination of a material stake reduction by a C-suite financial officer at a still-unprofitable firm executing strong top-line growth warrants investor scrutiny regarding management's confidence in near-term margin expansion.