Model N (NYSE:MODN) SVP Mark Albert Anderson sold 1,928 shares of the company’s stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $17.66, for a total value of $34,048.48. Following the completion of the sale, the senior vice president now owns 115,039 shares in the company, valued at $2,031,588.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Mark Albert Anderson also recently made the following trade(s):
- On Friday, February 23rd, Mark Albert Anderson sold 10,153 shares of Model N stock. The stock was sold at an average price of $16.65, for a total value of $169,047.45.
NYSE:MODN traded up $0.05 on Friday, hitting $18.00. 339,804 shares of the stock were exchanged, compared to its average volume of 176,005. The firm has a market capitalization of $548.01 million, a PE ratio of -21.69 and a beta of 0.81. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.20 and a quick ratio of 1.20. Model N has a fifty-two week low of $12.40 and a fifty-two week high of $19.60.
Model N (NYSE:MODN) last announced its quarterly earnings results on Tuesday, May 8th. The software maker reported $0.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.06. The company had revenue of $39.20 million during the quarter, compared to analyst estimates of $38.32 million. Model N had a negative return on equity of 41.62% and a negative net margin of 19.31%. The firm’s revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.25) earnings per share. research analysts anticipate that Model N will post -0.56 earnings per share for the current year.
Several research firms recently weighed in on MODN. Zacks Investment Research upgraded Model N from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Monday, March 12th. JPMorgan Chase set a $20.00 target price on Model N and gave the stock a “hold” rating in a research report on Wednesday, March 14th. They noted that the move was a valuation call. ValuEngine upgraded Model N from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, JMP Securities upgraded Model N from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 7th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Model N currently has a consensus rating of “Buy” and an average price target of $19.00.
A number of large investors have recently made changes to their positions in the business. PVG Asset Management Corp acquired a new stake in Model N during the first quarter worth about $191,000. Lyon Street Capital LLC increased its stake in Model N by 2.1% during the first quarter. Lyon Street Capital LLC now owns 680,452 shares of the software maker’s stock worth $12,282,000 after acquiring an additional 14,175 shares during the last quarter. Millennium Management LLC increased its stake in Model N by 51.0% during the first quarter. Millennium Management LLC now owns 1,062,435 shares of the software maker’s stock worth $19,177,000 after acquiring an additional 358,797 shares during the last quarter. First Light Asset Management LLC increased its stake in Model N by 13.3% during the first quarter. First Light Asset Management LLC now owns 1,070,023 shares of the software maker’s stock worth $19,314,000 after acquiring an additional 125,898 shares during the last quarter. Finally, Barclays PLC increased its stake in Model N by 153.5% during the first quarter. Barclays PLC now owns 9,550 shares of the software maker’s stock worth $171,000 after acquiring an additional 5,783 shares during the last quarter. Institutional investors own 62.16% of the company’s stock.
About Model N
Model N, Inc provides revenue management cloud solutions for the life sciences, technology, and manufacturing companies. The company's cloud-based revenue management solutions include Revenue Cloud for Pharma, Revenue Cloud for Med Tech, Revenue Cloud for High Tech, and Revenue Cloud. 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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