Model N Inc (NYSE:MODN) CEO Jason Blessing sold 1,733 shares of the business’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $16.50, for a total value of $28,594.50. Following the transaction, the chief executive officer now owns 374,504 shares in the company, valued at $6,179,316. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

MODN traded up $0.22 during trading hours on Thursday, reaching $17.10. The company’s stock had a trading volume of 300,608 shares, compared to its average volume of 155,643. Model N Inc has a fifty-two week low of $12.60 and a fifty-two week high of $20.33. The stock has a market capitalization of $528.02 million, a PE ratio of -23.42 and a beta of 0.57. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.42 and a current ratio of 1.42.

Model N (NYSE:MODN) last released its quarterly earnings data on Tuesday, February 5th. The software maker reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.15. Model N had a negative return on equity of 51.86% and a negative net margin of 18.37%. The firm had revenue of $35.08 million for the quarter, compared to analysts’ expectations of $34.21 million. During the same period in the prior year, the firm posted ($0.03) earnings per share. The firm’s quarterly revenue was down 10.2% on a year-over-year basis. As a group, equities research analysts forecast that Model N Inc will post -0.46 earnings per share for the current fiscal year.

Several research analysts have recently weighed in on MODN shares. Zacks Investment Research cut Model N from a “buy” rating to a “hold” rating in a report on Tuesday, January 29th. ValuEngine upgraded Model N from a “hold” rating to a “buy” rating in a report on Tuesday, January 15th. Craig Hallum decreased their price objective on Model N from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, November 7th. Needham & Company LLC cut Model N from a “buy” rating to a “hold” rating in a report on Wednesday, November 7th. Finally, National Securities reiterated a “buy” rating and issued a $23.00 price objective on shares of Model N in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $21.88.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PRW Wealth Management LLC purchased a new stake in Model N in the fourth quarter valued at approximately $25,000. Great West Life Assurance Co. Can purchased a new stake in Model N in the fourth quarter valued at approximately $59,000. Metropolitan Life Insurance Co. NY raised its position in Model N by 410.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 8,045 shares of the software maker’s stock valued at $106,000 after purchasing an additional 6,470 shares during the period. Citigroup Inc. raised its position in Model N by 43.6% in the fourth quarter. Citigroup Inc. now owns 11,218 shares of the software maker’s stock valued at $148,000 after purchasing an additional 3,406 shares during the period. Finally, MetLife Investment Advisors LLC raised its position in Model N by 55.9% in the third quarter. MetLife Investment Advisors LLC now owns 18,053 shares of the software maker’s stock valued at $286,000 after purchasing an additional 6,470 shares during the period. Hedge funds and other institutional investors own 74.96% of the company’s stock.

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About Model N

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

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