Timothy M. Adams Sells 4,630 Shares of Model N Inc (NYSE:MODN) Stock

Model N Inc (NYSE:MODN) Director Timothy M. Adams sold 4,630 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $36.05, for a total value of $166,911.50. Following the transaction, the director now directly owns 43,085 shares in the company, valued at $1,553,214.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NYSE MODN opened at $37.38 on Wednesday. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.93. Model N Inc has a twelve month low of $15.00 and a twelve month high of $44.56. The firm has a market capitalization of $1.29 billion, a PE ratio of -79.53 and a beta of 0.99. The stock’s 50 day moving average is $38.35 and its 200 day moving average is $31.39.

Model N (NYSE:MODN) last released its earnings results on Tuesday, August 4th. The software maker reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.25. Model N had a negative return on equity of 13.21% and a negative net margin of 10.03%. The business had revenue of $41.26 million for the quarter, compared to the consensus estimate of $39.52 million. During the same period in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 18.9% compared to the same quarter last year. On average, research analysts anticipate that Model N Inc will post -0.22 earnings per share for the current year.

MODN has been the topic of several research analyst reports. TheStreet raised Model N from a “d+” rating to a “c” rating in a research note on Monday, August 17th. Needham & Company LLC boosted their target price on Model N from $34.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, Craig Hallum boosted their target price on Model N from $38.00 to $49.50 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $36.19.

A number of institutional investors have recently added to or reduced their stakes in the business. Two Sigma Advisers LP boosted its holdings in Model N by 3.9% in the second quarter. Two Sigma Advisers LP now owns 390,700 shares of the software maker’s stock worth $13,581,000 after acquiring an additional 14,700 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in Model N in the second quarter worth $372,000. Neuberger Berman Group LLC boosted its holdings in Model N by 25.0% in the second quarter. Neuberger Berman Group LLC now owns 2,537,068 shares of the software maker’s stock worth $88,189,000 after acquiring an additional 507,697 shares in the last quarter. Stephens Inc. AR bought a new stake in Model N in the second quarter worth $596,000. Finally, ArrowMark Colorado Holdings LLC boosted its holdings in Model N by 10.4% in the second quarter. ArrowMark Colorado Holdings LLC now owns 513,747 shares of the software maker’s stock worth $17,858,000 after acquiring an additional 48,449 shares in the last quarter. 92.17% of the stock is currently owned by institutional investors and hedge funds.

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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