Model N, Inc. (NYSE:MODN) Director Alan S. Henricks sold 13,475 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $14.50, for a total value of $195,387.50. Following the completion of the transaction, the director now directly owns 40,134 shares in the company, valued at $581,943. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Model N, Inc. (MODN) remained flat at $$14.45 on Wednesday. 99,000 shares of the company were exchanged, compared to its average volume of 131,587. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.26. Model N, Inc. has a twelve month low of $7.90 and a twelve month high of $15.05.

Model N (NYSE:MODN) last announced its quarterly earnings data on Tuesday, November 7th. The software maker reported ($0.06) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.03. Model N had a negative return on equity of 52.28% and a negative net margin of 30.15%. The company had revenue of $35.61 million for the quarter, compared to analyst estimates of $34.86 million. During the same quarter last year, the firm earned ($0.28) EPS. Model N’s revenue for the quarter was up 24.9% compared to the same quarter last year. equities research analysts forecast that Model N, Inc. will post -0.64 earnings per share for the current fiscal year.

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Several large investors have recently made changes to their positions in MODN. Prescott Group Capital Management L.L.C. bought a new position in shares of Model N during the 2nd quarter worth approximately $140,000. Prudential Financial Inc. bought a new position in Model N in the 2nd quarter valued at $141,000. American International Group Inc. raised its position in Model N by 7.1% in the 1st quarter. American International Group Inc. now owns 13,678 shares of the software maker’s stock valued at $143,000 after purchasing an additional 904 shares during the last quarter. Trexquant Investment LP bought a new position in Model N in the 3rd quarter valued at $154,000. Finally, Metropolitan Life Insurance Co. NY bought a new position in Model N in the 1st quarter valued at $175,000. 65.74% of the stock is currently owned by institutional investors.

A number of analysts have issued reports on the company. BidaskClub lowered Model N from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 9th. Zacks Investment Research raised Model N from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Monday, August 14th. Finally, ValuEngine raised Model N from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $14.00.

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.

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

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