Model N Inc (NYSE:MODN) CFO David Barter sold 1,332 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $29.66, for a total transaction of $39,507.12. Following the transaction, the chief financial officer now owns 216,309 shares in the company, valued at approximately $6,415,724.94. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

David Barter also recently made the following trade(s):

  • On Monday, November 18th, David Barter sold 3,965 shares of Model N stock. The stock was sold at an average price of $30.15, for a total transaction of $119,544.75.

NYSE:MODN opened at $29.98 on Tuesday. Model N Inc has a 1 year low of $12.98 and a 1 year high of $32.00. The firm’s fifty day simple moving average is $29.57 and its 200 day simple moving average is $24.80. 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 firm has a market capitalization of $1.00 billion, a PE ratio of -69.72 and a beta of 0.51.

Model N (NYSE:MODN) last posted its earnings results on Tuesday, November 5th. The software maker reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $36.60 million for the quarter, compared to analyst estimates of $35.72 million. During the same period last year, the business posted $0.06 EPS. Model N’s revenue was down .3% compared to the same quarter last year. As a group, analysts anticipate that Model N Inc will post -0.41 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of MODN. Altshuler Shaham Ltd grew 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 buying an additional 998 shares during the last quarter. Cutler Group LP grew its stake in Model N by 1,500.0% in the 3rd quarter. Cutler Group LP now owns 1,400 shares of the software maker’s stock valued at $38,000 after buying an additional 1,500 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Model N in the 2nd quarter valued at $40,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Model N by 68.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,209 shares of the software maker’s stock valued at $43,000 after buying an additional 896 shares during the last quarter. Finally, Aperio Group LLC acquired a new position in Model N in the 2nd quarter valued at $47,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

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

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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