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NCino Pick of the Week at Smart Insider Following Director's Stock Sales
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NCino Pick of the Week at Smart Insider Following Director's Stock Sales
Jul 24, 2024 6:06 AM

08:56 AM EDT, 07/24/2024 (MT Newswires) -- NCino ( NCNO ) was the stock pick of the week from Smart Insider after a board member reduced his stake to 17%.

Jeff Horing "continues to make large sales on behalf of Insight Partners," selling $126 million of stock at $31.53 on average in June and $198 million at $31.08 in July, Smart Insider said in a note to clients.

Horing and Insight Partners started 2024 with 39 million shares or 35% of NCino ( NCNO ), according to the note.

Smart Insider said it ranked the stock "strong negative signal" in April based on sales from Director Spencer Lake, Chief Legal Officer April Rieger, and Horing for about $35 per share.

The rank is being renewed "with the aggressive additional selling from Horing, at a lower price level," Smart Insider said.

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