Model N Inc (NYSE:MODN) SVP Mark Albert Anderson sold 2,600 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $27.26, for a total value of $70,876.00. Following the sale, the senior vice president now directly owns 128,125 shares of the company’s stock, valued at approximately $3,492,687.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Mark Albert Anderson also recently made the following trade(s):

  • On Friday, August 16th, Mark Albert Anderson sold 550 shares of Model N stock. The shares were sold at an average price of $26.12, for a total value of $14,366.00.

Shares of Model N stock opened at $27.03 on Thursday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.85. The company has a market cap of $886.16 million, a PE ratio of -37.03 and a beta of 0.56. The business has a 50 day moving average of $22.54 and a 200 day moving average of $19.03. Model N Inc has a 52 week low of $12.60 and a 52 week high of $27.47.

Model N (NYSE:MODN) last announced its earnings results on Tuesday, August 6th. The software maker reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.09. The company had revenue of $34.71 million during the quarter, compared to the consensus estimate of $34.16 million. Model N had a negative return on equity of 27.17% and a negative net margin of 12.21%. The firm’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.07) earnings per share. On average, research analysts anticipate that Model N Inc will post -0.32 earnings per share for the current year.

A number of research firms have recently weighed in on MODN. Needham & Company LLC raised Model N from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Wednesday, August 7th. JPMorgan Chase & Co. increased their price objective on Model N from $21.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. National Securities reissued a “buy” rating on shares of Model N in a research note on Wednesday, May 8th. Chardan Capital reissued a “buy” rating and set a $23.00 price objective on shares of Model N in a research note on Monday, May 20th. Finally, JMP Securities increased their price objective on Model N to $29.00 and gave the company a “positive” rating in a research note on Wednesday, August 7th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Model N presently has a consensus rating of “Buy” and a consensus target price of $23.13.

Several institutional investors have recently made changes to their positions in MODN. Bank of New York Mellon Corp boosted its position in Model N by 0.7% in the fourth quarter. Bank of New York Mellon Corp now owns 96,115 shares of the software maker’s stock valued at $1,271,000 after buying an additional 682 shares in the last quarter. Geode Capital Management LLC boosted its position in Model N by 11.3% in the fourth quarter. Geode Capital Management LLC now owns 296,353 shares of the software maker’s stock valued at $3,920,000 after buying an additional 30,155 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its position in Model N by 410.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 8,045 shares of the software maker’s stock valued at $106,000 after buying an additional 6,470 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in Model N by 7,886.8% in the first quarter. BNP Paribas Arbitrage SA now owns 5,431 shares of the software maker’s stock valued at $95,000 after buying an additional 5,363 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in Model N by 35.8% in the first quarter. Assenagon Asset Management S.A. now owns 546,006 shares of the software maker’s stock valued at $9,577,000 after buying an additional 144,024 shares in the last quarter. Institutional investors own 75.70% of the company’s stock.

Model N Company Profile

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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