Model N, Inc. (NYSE:MODN) SVP Amelia Generalis sold 3,758 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $13.30, for a total transaction of $49,981.40. Following the completion of the sale, the senior vice president now directly owns 76,734 shares in the company, valued at $1,020,562.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Model N, Inc. (MODN) traded up 0.37% during mid-day trading on Friday, reaching $13.55. 73,353 shares of the company were exchanged. The stock has a 50 day moving average price of $13.09 and a 200-day moving average price of $11.65. Model N, Inc. has a 12 month low of $6.97 and a 12 month high of $13.70. The stock’s market capitalization is $394.21 million.
Model N (NYSE:MODN) last announced its quarterly earnings data on Tuesday, August 8th. The software maker reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.04. The company had revenue of $34.20 million for the quarter, compared to analysts’ expectations of $34.41 million. Model N had a negative net margin of 30.85% and a negative return on equity of 52.59%. Model N’s revenue was up 22.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.16) EPS. Analysts predict that Model N, Inc. will post ($0.62) earnings per share for the current year.
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Several analysts have recently commented on MODN shares. Dougherty & Co started coverage on shares of Model N in a report on Thursday, June 29th. They issued a “buy” rating and a $17.00 price objective on the stock. Chardan Capital started coverage on shares of Model N in a report on Friday, May 19th. They issued a “buy” rating and a $16.00 price objective on the stock. Zacks Investment Research raised shares of Model N from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Monday. BidaskClub downgraded shares of Model N from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 9th. Finally, Craig Hallum raised shares of Model N from a “hold” rating to a “buy” rating in a report on Tuesday, May 9th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $13.50.
A number of institutional investors have recently made changes to their positions in the stock. SQN Investors LP boosted its position in shares of Model N by 28.8% in the second quarter. SQN Investors LP now owns 2,805,028 shares of the software maker’s stock valued at $37,307,000 after buying an additional 627,700 shares in the last quarter. Lyon Street Capital LLC purchased a new position in shares of Model N during the second quarter valued at about $3,594,000. UBS Group AG boosted its position in shares of Model N by 5,688.4% in the first quarter. UBS Group AG now owns 230,494 shares of the software maker’s stock valued at $2,409,000 after buying an additional 226,512 shares in the last quarter. FIL Ltd purchased a new position in shares of Model N during the first quarter valued at about $1,195,000. Finally, Western Standard LLC purchased a new position in shares of Model N during the first quarter valued at about $980,000. 66.12% of the stock is currently owned by institutional investors.
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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