Model N, Inc. (NYSE:MODN) Director Alan S. Henricks sold 4,730 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $14.59, for a total transaction of $69,010.70. Following the completion of the sale, the director now owns 40,134 shares of the company’s stock, valued at approximately $585,555.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Model N, Inc. (NYSE MODN) traded down $0.10 during midday trading on Tuesday, hitting $14.45. 78,400 shares of the company traded hands, compared to its average volume of 131,736. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.23 and a quick ratio of 1.23. Model N, Inc. has a 1 year low of $7.90 and a 1 year high of $15.05.

Model N (NYSE:MODN) last posted its quarterly earnings data on Tuesday, November 7th. The software maker reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.03. The firm had revenue of $35.61 million during the quarter, compared to analyst estimates of $34.86 million. Model N had a negative net margin of 30.15% and a negative return on equity of 52.28%. Model N’s revenue was up 24.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.28) EPS. research analysts forecast that Model N, Inc. will post -0.64 earnings per share for the current fiscal year.

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Several research firms have recently commented on MODN. Zacks Investment Research upgraded shares of Model N from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Monday. BidaskClub upgraded shares of Model N from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 30th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $14.00.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. American International Group Inc. raised its stake in shares of Model N by 7.1% during the 1st quarter. American International Group Inc. now owns 13,678 shares of the software maker’s stock worth $143,000 after acquiring an additional 904 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Model N by 3.7% during the 2nd quarter. Rhumbline Advisers now owns 25,302 shares of the software maker’s stock worth $337,000 after acquiring an additional 905 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Model N by 1.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 80,185 shares of the software maker’s stock worth $1,066,000 after acquiring an additional 923 shares in the last quarter. Voya Investment Management LLC raised its stake in shares of Model N by 14.7% during the 2nd quarter. Voya Investment Management LLC now owns 14,963 shares of the software maker’s stock worth $199,000 after acquiring an additional 1,915 shares in the last quarter. Finally, First Light Asset Management LLC raised its stake in shares of Model N by 0.6% during the 2nd quarter. First Light Asset Management LLC now owns 423,211 shares of the software maker’s stock worth $5,629,000 after acquiring an additional 2,461 shares in the last quarter. Hedge funds and other institutional investors own 65.74% of the company’s stock.

About Model N

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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