Model N Inc (NYSE:MODN) SVP Neeraj Gokhale sold 1,628 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $16.94, for a total value of $27,578.32. Following the completion of the transaction, the senior vice president now directly owns 81,389 shares of the company’s stock, valued at $1,378,729.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Model N Inc (NYSE:MODN) traded up $0.30 during trading on Tuesday, hitting $17.35. The stock had a trading volume of 247,855 shares, compared to its average volume of 251,441. Model N Inc has a 52-week low of $9.75 and a 52-week high of $17.90. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $511.37, a price-to-earnings ratio of -13.45 and a beta of 1.06.
Model N (NYSE:MODN) last posted its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.09. Model N had a negative return on equity of 55.03% and a negative net margin of 26.17%. The firm had revenue of $39.10 million during the quarter, compared to analyst estimates of $37.14 million. During the same period last year, the company earned ($0.15) earnings per share. The business’s revenue for the quarter was up 39.1% on a year-over-year basis. research analysts forecast that Model N Inc will post -0.57 earnings per share for the current year.
Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of Model N by 1.7% in the fourth quarter. BlackRock Inc. now owns 1,153,586 shares of the software maker’s stock worth $18,169,000 after buying an additional 18,754 shares in the last quarter. Trigran Investments Inc. raised its position in shares of Model N by 14.9% in the third quarter. Trigran Investments Inc. now owns 984,594 shares of the software maker’s stock worth $14,720,000 after buying an additional 127,982 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Model N by 3.0% in the second quarter. Vanguard Group Inc. now owns 963,235 shares of the software maker’s stock worth $12,811,000 after buying an additional 28,369 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Model N by 62.1% in the fourth quarter. Renaissance Technologies LLC now owns 911,700 shares of the software maker’s stock worth $14,359,000 after buying an additional 349,300 shares in the last quarter. Finally, Redmile Group LLC raised its position in shares of Model N by 1.8% in the fourth quarter. Redmile Group LLC now owns 853,714 shares of the software maker’s stock worth $13,446,000 after buying an additional 14,800 shares in the last quarter. Institutional investors own 67.29% of the company’s stock.
A number of equities analysts have recently commented on the company. BidaskClub lowered Model N from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. ValuEngine raised Model N from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Raymond James Financial reaffirmed a “hold” rating on shares of Model N in a report on Monday, December 4th. Zacks Investment Research lowered Model N from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, JMP Securities raised Model N from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 7th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Model N has a consensus rating of “Hold” and a consensus price target of $18.00.
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.
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