Model N (NYSE:MODN) Sees Large Volume Increase

Model N, Inc. (NYSE:MODN - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 232,258 shares changed hands during trading, a decline of 42% from the previous session's volume of 397,294 shares.The stock last traded at $29.79 and had previously closed at $29.82.

Analyst Ratings Changes

MODN has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered Model N from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $30.00 to $25.00 in a research report on Wednesday, December 13th. JMP Securities restated a "market perform" rating on shares of Model N in a research report on Tuesday. Needham & Company LLC restated a "hold" rating on shares of Model N in a research report on Tuesday. Robert W. Baird restated a "neutral" rating and issued a $30.00 price target on shares of Model N in a research report on Monday. Finally, Craig Hallum reiterated a "hold" rating and issued a $30.00 price objective on shares of Model N in a report on Tuesday. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $32.50.

Model N Stock Down 0.4 %

The company has a debt-to-equity ratio of 2.26, a current ratio of 4.00 and a quick ratio of 4.00. The business has a 50 day simple moving average of $26.34 and a 200 day simple moving average of $25.35. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of -35.43 and a beta of 0.70.

Model N (NYSE:MODN - Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). The company had revenue of $63.49 million during the quarter, compared to analyst estimates of $62.12 million. Model N had a negative net margin of 12.48% and a positive return on equity of 5.79%. As a group, equities analysts predict that Model N, Inc. will post 0.2 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Laura Selig sold 2,655 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $25.32, for a total value of $67,224.60. Following the sale, the insider now directly owns 141,517 shares in the company, valued at $3,583,210.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CRO Christopher Lyon sold 7,862 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $26.38, for a total value of $207,399.56. Following the transaction, the executive now owns 237,845 shares of the company's stock, valued at $6,274,351.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Laura Selig sold 2,655 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $25.32, for a total value of $67,224.60. Following the completion of the transaction, the insider now directly owns 141,517 shares in the company, valued at approximately $3,583,210.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 72,616 shares of company stock worth $1,897,243. Corporate insiders own 2.55% of the company's stock.

Hedge Funds Weigh In On Model N

Several large investors have recently bought and sold shares of MODN. Quadrature Capital Ltd grew its holdings in shares of Model N by 43.9% during the fourth quarter. Quadrature Capital Ltd now owns 23,532 shares of the software maker's stock worth $635,000 after purchasing an additional 7,183 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Model N by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 2,710,820 shares of the software maker's stock worth $73,002,000 after purchasing an additional 65,859 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Model N by 9.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,825 shares of the software maker's stock worth $454,000 after purchasing an additional 1,388 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Model N by 4.3% during the fourth quarter. Legal & General Group Plc now owns 38,095 shares of the software maker's stock worth $1,026,000 after purchasing an additional 1,583 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of Model N by 172.7% during the fourth quarter. Barclays PLC now owns 84,691 shares of the software maker's stock worth $2,282,000 after purchasing an additional 53,635 shares during the last quarter.

Model N Company Profile

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.