Model N, Inc. (NYSE:MODN) CFO David Barter sold 3,596 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $14.65, for a total value of $52,681.40. Following the completion of the transaction, the chief financial officer now owns 111,676 shares in the company, valued at $1,636,053.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Model N, Inc. (NYSE:MODN) traded down $0.10 during trading hours on Friday, hitting $14.20. The company had a trading volume of 108,414 shares, compared to its average volume of 68,578. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.26.

Model N (NYSE:MODN) last released its quarterly earnings data on Tuesday, August 8th. The software maker reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.04. Model N had a negative net margin of 30.85% and a negative return on equity of 52.59%. The firm had revenue of $34.20 million during the quarter, compared to analysts’ expectations of $34.41 million. During the same period in the previous year, the company earned ($0.16) earnings per share. The firm’s quarterly revenue was up 22.6% on a year-over-year basis. research analysts expect that Model N, Inc. will post -0.95 EPS for the current year.

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A number of hedge funds have recently made changes to their positions in the business. American International Group Inc. increased its holdings in Model N by 7.1% during the first quarter. American International Group Inc. now owns 13,678 shares of the software maker’s stock valued at $143,000 after buying an additional 904 shares during the last quarter. Rhumbline Advisers increased its holdings in Model N by 3.7% during the second quarter. Rhumbline Advisers now owns 25,302 shares of the software maker’s stock valued at $337,000 after buying an additional 905 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Model N by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 80,185 shares of the software maker’s stock valued at $1,066,000 after buying an additional 923 shares during the last quarter. Voya Investment Management LLC increased its holdings in Model N by 14.7% during the second quarter. Voya Investment Management LLC now owns 14,963 shares of the software maker’s stock valued at $199,000 after buying an additional 1,915 shares during the last quarter. Finally, First Light Asset Management LLC increased its holdings in Model N by 0.6% during the second quarter. First Light Asset Management LLC now owns 423,211 shares of the software maker’s stock valued at $5,629,000 after buying an additional 2,461 shares during the last quarter. 65.97% of the stock is owned by institutional investors and hedge funds.

Several research firms have weighed in on MODN. BidaskClub upgraded Model N from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 30th. Zacks Investment Research downgraded Model N from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. Finally, ValuEngine raised Model N from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Model N presently has an average rating of “Hold” and an average price target of $13.67.

Model N Company Profile

Model N, Inc is a provider of revenue management solutions for life science and technology companies. The Company’s solutions enable its customers to maximize revenues and reduce revenue compliance risk by transforming their revenue life cycle from a series of tactical, disjointed operations into a strategic end-to-end process.

Insider Buying and Selling by Quarter for Model N (NYSE:MODN)

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