Investors Buy Large Volume of Model N Put Options (MODN)

Model N, Inc. (NYSE:MODN) saw unusually large options trading activity on Friday. Stock traders purchased 2,000 put options on the stock. This is an increase of approximately 2,603% compared to the average daily volume of 74 put options.

A number of research firms recently weighed in on MODN. Zacks Investment Research lowered shares of Model N from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. ValuEngine raised shares of Model N from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, BidaskClub raised shares of Model N from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Model N presently has a consensus rating of “Buy” and a consensus target price of $14.75.

Shares of Model N (MODN) opened at $16.35 on Monday. Model N has a fifty-two week low of $7.90 and a fifty-two week high of $16.50. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.13 and a quick ratio of 1.13.

Model N (NYSE:MODN) last released its quarterly earnings results on Tuesday, November 7th. The software maker reported ($0.06) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.03. The business had revenue of $35.61 million during the quarter, compared to analyst estimates of $34.86 million. Model N had a negative net margin of 30.15% and a negative return on equity of 55.26%. The business’s revenue was up 24.9% on a year-over-year basis. During the same period last year, the business earned ($0.28) EPS. research analysts expect that Model N will post -0.63 earnings per share for the current fiscal year.

In other news, Director Alan S. Henricks sold 4,730 shares of the stock in a transaction on Friday, November 10th. The shares were sold at an average price of $14.59, for a total value of $69,010.70. Following the completion of the sale, the director now owns 40,134 shares of the company’s stock, valued at $585,555.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alan S. Henricks sold 13,475 shares of the stock in a transaction on Tuesday, November 14th. The stock was 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 directly owns 40,134 shares of the company’s stock, valued at approximately $581,943. The disclosure for this sale can be found here. Insiders sold 28,099 shares of company stock valued at $401,158 in the last three months. Company insiders own 20.40% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Prudential Financial Inc. acquired a new stake in Model N during the 2nd quarter valued at $141,000. American International Group Inc. boosted its stake in Model N by 7.1% during the 1st quarter. American International Group Inc. now owns 13,678 shares of the software maker’s stock valued at $143,000 after acquiring an additional 904 shares during the last quarter. Trexquant Investment LP bought a new position in Model N during the 3rd quarter valued at $154,000. Metropolitan Life Insurance Co. NY bought a new position in Model N during the 1st quarter valued at $175,000. Finally, Voya Investment Management LLC boosted its stake in Model N by 14.7% during the 2nd quarter. Voya Investment Management LLC now owns 14,963 shares of the software maker’s stock valued at $199,000 after acquiring an additional 1,915 shares during the last quarter. 65.17% of the stock is owned by institutional investors and hedge funds.

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About Model N

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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