Model N, Inc. (NYSE:MODN) Director Alan S. Henricks sold 13,475 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $14.50, for a total transaction of $195,387.50. Following the completion of the sale, the director now owns 40,134 shares of the company’s stock, valued at approximately $581,943. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Model N, Inc. (MODN) traded down $0.10 during mid-day trading on Tuesday, reaching $14.45. 78,400 shares of the company’s stock were exchanged, compared to its average volume of 131,736. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.23 and a quick ratio of 1.23. Model N, Inc. has a 12 month low of $7.90 and a 12 month high of $15.05.
Model N (NYSE:MODN) last released its quarterly earnings data on Tuesday, November 7th. The software maker reported ($0.06) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.03. The company had revenue of $35.61 million during the quarter, compared to the consensus estimate of $34.86 million. Model N had a negative net margin of 30.15% and a negative return on equity of 52.28%. Model N’s quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.28) EPS. sell-side analysts expect that Model N, Inc. will post -0.64 earnings per share for the current year.
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MODN has been the subject of a number of recent research reports. BidaskClub downgraded shares of Model N from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 10th. Zacks Investment Research upgraded shares of Model N from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Monday, August 14th. Finally, ValuEngine upgraded shares of Model N from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Model N has an average rating of “Buy” and an average price target of $14.00.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. SQN Investors LP increased its holdings in shares of Model N by 28.8% during the 2nd quarter. SQN Investors LP now owns 2,805,028 shares of the software maker’s stock worth $37,307,000 after buying an additional 627,700 shares during the last quarter. Trigran Investments Inc. increased its holdings in shares of Model N by 14.9% during the 3rd quarter. Trigran Investments Inc. now owns 984,594 shares of the software maker’s stock worth $14,720,000 after buying an additional 127,982 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Model N by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 963,235 shares of the software maker’s stock worth $12,811,000 after buying an additional 28,369 shares during the last quarter. Redmile Group LLC increased its holdings in shares of Model N by 4.4% during the 2nd quarter. Redmile Group LLC now owns 858,314 shares of the software maker’s stock worth $11,416,000 after buying an additional 36,000 shares during the last quarter. Finally, Emerald Advisers Inc. PA increased its holdings in shares of Model N by 5.7% during the 2nd quarter. Emerald Advisers Inc. PA now owns 789,070 shares of the software maker’s stock worth $10,495,000 after buying an additional 42,890 shares during the last quarter. Institutional investors and hedge funds own 65.74% of the company’s stock.
Model N Company Profile
Model N, Inc is a provider of revenue management solutions for life science and technology companies. The Company’s solutions enable its customers to maximize revenues and reduce revenue compliance risk by transforming their revenue life cycle from a series of tactical, disjointed operations into a strategic end-to-end process.
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