Model N, Inc. (NYSE:MODN) Insider Sells $161,193.69 in Stock

Model N, Inc. (NYSE:MODN - Get Free Report) insider Laura Selig sold 5,411 shares of Model N stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $29.79, for a total value of $161,193.69. Following the transaction, the insider now owns 136,106 shares of the company's stock, valued at approximately $4,054,597.74. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Laura Selig also recently made the following trade(s):

• On Thursday, March 14th, Laura Selig sold 2,655 shares of Model N stock. The stock was sold at an average price of $25.32, for a total value of $67,224.60.

Model N Price Performance

Shares of MODN stock traded up $0.03 on Friday, reaching $29.81. 616,349 shares of the company were exchanged, compared to its average volume of 589,229. Model N, Inc. has a 1 year low of $20.90 and a 1 year high of $35.96. The company has a debt-to-equity ratio of 2.05, a quick ratio of 3.86 and a current ratio of 3.86. The business has a 50-day moving average price of $28.41 and a 200 day moving average price of $26.46. The company has a market cap of $1.18 billion, a price-to-earnings ratio of -2,981,000.00 and a beta of 0.68.

Model N (NYSE:MODN - Get Free Report) last posted its quarterly earnings data on Monday, May 6th. The software maker reported $0.24 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.02). The firm had revenue of $65.10 million for the quarter, compared to analysts' expectations of $64.45 million. Model N had a return on equity of 6.94% and a net margin of 0.10%. Model N's quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.05) earnings per share. Equities research analysts forecast that Model N, Inc. will post 0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its stake in Model N by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 149,771 shares of the software maker's stock worth $3,656,000 after purchasing an additional 1,634 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Model N by 27.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,054 shares of the software maker's stock valued at $197,000 after purchasing an additional 1,743 shares during the last quarter. Principal Financial Group Inc. lifted its position in Model N by 33.7% during the third quarter. Principal Financial Group Inc. now owns 18,307 shares of the software maker's stock worth $447,000 after buying an additional 4,619 shares in the last quarter. Lmcg Investments LLC boosted its stake in Model N by 2.1% during the third quarter. Lmcg Investments LLC now owns 40,660 shares of the software maker's stock worth $993,000 after buying an additional 830 shares during the last quarter. Finally, Jump Financial LLC grew its holdings in Model N by 113.0% in the 3rd quarter. Jump Financial LLC now owns 43,508 shares of the software maker's stock valued at $1,062,000 after buying an additional 23,086 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Royal Bank of Canada reissued a "sector perform" rating and issued a $30.00 price target on shares of Model N in a report on Tuesday, April 9th. Robert W. Baird reiterated a "neutral" rating and issued a $30.00 target price on shares of Model N in a research note on Monday, April 8th. JMP Securities restated a "market perform" rating on shares of Model N in a research report on Monday, May 6th. StockNews.com began coverage on shares of Model N in a research report on Sunday, May 12th. They issued a "hold" rating for the company. Finally, Needham & Company LLC reissued a "hold" rating on shares of Model N in a research note on Tuesday, May 7th. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Model N currently has an average rating of "Hold" and a consensus price target of $31.80.

About Model N

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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