Model N, Inc. (NYSE:MODN) CFO John Ederer Sells 10,741 Shares

Model N, Inc. (NYSE:MODNGet Free Report) CFO John Ederer sold 10,741 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $29.79, for a total value of $319,974.39. Following the transaction, the chief financial officer now directly owns 296,386 shares in the company, valued at $8,829,338.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

John Ederer also recently made the following trade(s):

  • On Thursday, March 14th, John Ederer sold 8,018 shares of Model N stock. The shares were sold at an average price of $25.31, for a total transaction of $202,935.58.

Model N Stock Performance

Model N stock opened at $29.80 on Friday. Model N, Inc. has a fifty-two week low of $20.90 and a fifty-two week high of $35.96. The firm’s 50 day simple moving average is $28.51 and its 200-day simple moving average is $26.50. The company has a debt-to-equity ratio of 2.05, a current ratio of 3.86 and a quick ratio of 3.86. The company has a market cap of $1.17 billion, a P/E ratio of -2,980,000.00 and a beta of 0.68.

Model N (NYSE:MODNGet Free Report) last released its earnings results on Monday, May 6th. The software maker reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). The business had revenue of $65.10 million during the quarter, compared to analysts’ expectations of $64.45 million. Model N had a net margin of 0.10% and a return on equity of 6.94%. Model N’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.05) EPS. As a group, equities research analysts predict that Model N, Inc. will post 0.2 EPS for the current year.

Institutional Trading of Model N

Institutional investors have recently made changes to their positions in the stock. Conestoga Capital Advisors LLC lifted its stake in Model N by 15.3% in the fourth quarter. Conestoga Capital Advisors LLC now owns 3,824,894 shares of the software maker’s stock valued at $103,004,000 after acquiring an additional 507,090 shares during the last quarter. Artisan Partners Limited Partnership lifted its position in shares of Model N by 14.6% in the third quarter. Artisan Partners Limited Partnership now owns 3,310,207 shares of the software maker’s stock worth $80,802,000 after buying an additional 421,952 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Model N in the fourth quarter worth about $7,964,000. Comerica Bank bought a new stake in shares of Model N during the 3rd quarter worth about $7,185,000. Finally, Sea Cliff Partners Management LP acquired a new position in shares of Model N during the 4th quarter valued at about $6,078,000.

Wall Street Analysts Forecast Growth

MODN has been the topic of a number of recent analyst reports. Morgan Stanley restated an “equal weight” rating and set a $30.00 price target (down from $37.00) on shares of Model N in a research report on Wednesday, April 10th. Craig Hallum reissued a “hold” rating and set a $30.00 target price on shares of Model N in a report on Tuesday, April 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of Model N in a research note on Tuesday, May 7th. Robert W. Baird reissued a “neutral” rating and issued a $30.00 price objective on shares of Model N in a research note on Monday, April 8th. Finally, started coverage on Model N in a report on Sunday, May 12th. They issued a “hold” rating for the company. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $31.80.

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Model N Company Profile

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Model N, Inc provides cloud revenue management solutions for life sciences and high-tech companies in the United States and internationally. The company offers Global Pricing Management, which minimizes price erosion of products; Global Tender Management that enhances revenue by enabling segmentation and targeting, optimal bid pricing, and post-award tracking; Provider Management, which minimizes rebate overpayments; Payer Management that minimizes revenue leakage and noncompliance of complex contracts; Government Pricing, which optimizes revenue, and reduces the risk of fines and other penalties; and Medicaid that enhances compliance with regulatory requirements and payments of rebate claims on a timely basis and at correct rates for government Medicaid programs, as well as Validata, State Pricing Transparency Management, Advanced Membership Management, and Intelligence Cloud.

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