Model N (NYSE:MODN) Sees Unusually-High Trading Volume

Shares of Model N, Inc. (NYSE:MODN - Get Free Report) saw strong trading volume on Tuesday . 245,115 shares traded hands during trading, a decline of 53% from the previous session's volume of 517,806 shares.The stock last traded at $29.84 and had previously closed at $29.65.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. JMP Securities reaffirmed a "market perform" rating on shares of Model N in a research report on Tuesday, April 9th. Royal Bank of Canada reissued a "sector perform" rating and issued a $30.00 price target on shares of Model N in a research report on Tuesday, April 9th. Morgan Stanley reissued an "equal weight" rating and issued a $30.00 price target (down previously from $37.00) on shares of Model N in a research report on Wednesday, April 10th. Robert W. Baird reissued a "neutral" rating and issued a $30.00 price target on shares of Model N in a research report on Monday, April 8th. Finally, Craig Hallum reissued a "hold" rating and issued a $30.00 price target on shares of Model N in a research report on Tuesday, April 9th. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $31.80.

Model N Price Performance

The stock's 50-day moving average is $26.63 and its 200-day moving average is $25.57. The firm has a market cap of $1.16 billion, a P/E ratio of -35.31 and a beta of 0.70. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 2.26.

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

Insiders Place Their Bets

In other Model N news, insider Laura Selig sold 4,770 shares of Model N stock in a transaction on Friday, February 16th. The shares were sold at an average price of $26.38, for a total transaction of $125,832.60. Following the sale, the insider now owns 143,866 shares in the company, valued at $3,795,185.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Laura Selig sold 4,770 shares of the business's stock in a transaction on Friday, February 16th. The shares were sold at an average price of $26.38, for a total value of $125,832.60. Following the sale, the insider now owns 143,866 shares in the company, valued at approximately $3,795,185.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dave Yarnold sold 5,000 shares of the business's stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $26.88, for a total transaction of $134,400.00. Following the completion of the sale, the director now owns 22,012 shares in the company, valued at approximately $591,682.56. The disclosure for this sale can be found here. Insiders have sold 72,616 shares of company stock worth $1,897,243 over the last 90 days. Corporate insiders own 2.55% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS Asset Management Americas Inc. lifted its position in Model N by 0.8% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 35,137 shares of the software maker's stock worth $1,203,000 after buying an additional 275 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Model N by 0.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 37,018 shares of the software maker's stock worth $947,000 after buying an additional 322 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Model N by 6.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,447 shares of the software maker's stock worth $261,000 after buying an additional 383 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Model N by 35.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,664 shares of the software maker's stock worth $57,000 after purchasing an additional 431 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in Model N by 2.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 18,884 shares of the software maker's stock worth $509,000 after purchasing an additional 431 shares during the last quarter.

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.