Model N Inc (NYSE:MODN) CEO Jason Blessing sold 3,588 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $29.66, for a total value of $106,420.08. Following the transaction, the chief executive officer now owns 472,223 shares of the company’s stock, valued at approximately $14,006,134.18. The transaction was disclosed in a filing with the SEC, which is available at this link.

Jason Blessing also recently made the following trade(s):

  • On Monday, November 18th, Jason Blessing sold 16,703 shares of Model N stock. The stock was sold at an average price of $31.26, for a total value of $522,135.78.

Shares of Model N stock traded down $0.44 during trading hours on Monday, reaching $29.98. 244,523 shares of the company’s stock were exchanged, compared to its average volume of 250,681. The company has a 50 day moving average of $29.57 and a two-hundred day moving average of $24.80. Model N Inc has a fifty-two week low of $12.98 and a fifty-two week high of $32.00. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.75. The stock has a market cap of $1.00 billion, a P/E ratio of -69.72 and a beta of 0.51.

Model N (NYSE:MODN) last posted its quarterly earnings data on Tuesday, November 5th. The software maker reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.15. Model N had a negative net margin of 13.66% and a negative return on equity of 29.48%. The company had revenue of $36.60 million during the quarter, compared to the consensus estimate of $35.72 million. During the same period in the prior year, the business posted $0.06 EPS. The company’s quarterly revenue was down .3% on a year-over-year basis. As a group, analysts expect that Model N Inc will post -0.41 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Model N by 68.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,209 shares of the software maker’s stock worth $43,000 after buying an additional 896 shares during the last quarter. Altshuler Shaham Ltd lifted its stake in Model N by 216.5% in the 2nd quarter. Altshuler Shaham Ltd now owns 1,459 shares of the software maker’s stock valued at $28,000 after purchasing an additional 998 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in Model N by 5.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 96,804 shares of the software maker’s stock valued at $1,888,000 after purchasing an additional 4,989 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in Model N in the 3rd quarter valued at about $236,000. Finally, BlackRock Inc. lifted its stake in Model N by 21.3% in the 2nd quarter. BlackRock Inc. now owns 2,296,082 shares of the software maker’s stock valued at $44,772,000 after purchasing an additional 402,691 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.

A number of equities analysts have issued reports on MODN shares. Dougherty & Co increased their target price on Model N from $26.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Needham & Company LLC reiterated a “buy” rating and set a $34.00 target price on shares of Model N in a report on Wednesday, November 6th. JPMorgan Chase & Co. increased their target price on Model N from $21.00 to $25.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. ValuEngine cut Model N from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, JMP Securities increased their target price on Model N to $29.00 and gave the stock a “positive” rating in a report on Wednesday, August 7th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $26.00.

About Model N

Model N, Inc provides revenue management cloud solutions for the life sciences and technology companies. The company's cloud-based revenue management solutions include Revenue Cloud for Pharma, Revenue Cloud for Med Tech, and Revenue Cloud for Semiconductors and High Tech Manufacturing. It develops software applications, such as managed care and government pricing for life science companies; and channel incentives for technology companies.

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Insider Buying and Selling by Quarter for Model N (NYSE:MODN)

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