Model N, Inc. (MODN) CFO Sells $52,681.40 in Stock
Model N, Inc. (NYSE:MODN) CFO David Barter sold 3,596 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $14.65, for a total transaction of $52,681.40. Following the completion of the transaction, the chief financial officer now directly owns 111,676 shares in the company, valued at $1,636,053.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Model N, Inc. (NYSE MODN) traded down $0.10 on Friday, reaching $14.20. 108,414 shares of the company’s stock traded hands, compared to its average volume of 68,578. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.23 and a current ratio of 1.23. Model N, Inc. has a 12 month low of $6.97 and a 12 month high of $15.05.
Model N (NYSE:MODN) last issued its earnings results on Tuesday, August 8th. The software maker reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.27) by $0.04. The company had revenue of $34.20 million for the quarter, compared to analyst estimates of $34.41 million. Model N had a negative net margin of 30.85% and a negative return on equity of 52.59%. The business’s revenue was up 22.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.16) EPS. equities research analysts expect that Model N, Inc. will post -0.95 EPS for the current year.
Several equities analysts have issued reports on the stock. BidaskClub cut shares of Model N from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Zacks Investment Research cut shares of Model N from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, ValuEngine raised shares of Model N from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $13.67.
Several hedge funds and other institutional investors have recently modified their holdings of the business. SQN Investors LP boosted its position 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 purchasing an additional 627,700 shares in the last quarter. Vanguard Group Inc. boosted its position 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 purchasing an additional 28,369 shares in the last quarter. Redmile Group LLC boosted its position 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 purchasing an additional 36,000 shares in the last quarter. Trigran Investments Inc. boosted its position in shares of Model N by 11.1% during the 2nd quarter. Trigran Investments Inc. now owns 856,612 shares of the software maker’s stock worth $11,393,000 after purchasing an additional 85,879 shares in the last quarter. Finally, Emerald Advisers Inc. PA boosted its position 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 purchasing an additional 42,890 shares in the last quarter. Institutional investors own 65.97% 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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