Model N (NYSE:MODN) SVP Mark Albert Anderson sold 1,928 shares of the stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $17.66, for a total value of $34,048.48. Following the completion of the sale, the senior vice president now owns 115,039 shares of the company’s stock, valued at approximately $2,031,588.74. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Mark Albert Anderson also recently made the following trade(s):
- On Friday, February 23rd, Mark Albert Anderson sold 10,153 shares of Model N stock. The stock was sold at an average price of $16.65, for a total value of $169,047.45.
Shares of Model N stock traded up $0.30 during trading on Thursday, reaching $17.95. 456,910 shares of the stock traded hands, compared to its average volume of 226,596. The firm has a market cap of $534.28 million, a price-to-earnings ratio of -21.63 and a beta of 0.81. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.24. Model N has a 52-week low of $17.55 and a 52-week high of $17.75.
Model N (NYSE:MODN) last issued its quarterly earnings data on Tuesday, May 8th. The software maker reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.06. The firm had revenue of $39.20 million during the quarter, compared to analyst estimates of $38.32 million. Model N had a negative return on equity of 41.62% and a negative net margin of 19.31%. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.25) earnings per share. equities analysts expect that Model N will post -0.56 EPS for the current fiscal year.
A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded Model N from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Monday. ValuEngine upgraded Model N from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. JPMorgan Chase set a $20.00 price target on Model N and gave the stock a “hold” rating in a research note on Wednesday, March 14th. They noted that the move was a valuation call. Finally, JMP Securities upgraded Model N from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 7th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $19.00.
Several institutional investors have recently modified their holdings of MODN. Barclays PLC grew its position in shares of Model N by 153.5% during the first quarter. Barclays PLC now owns 9,550 shares of the software maker’s stock valued at $171,000 after purchasing an additional 5,783 shares in the last quarter. MetLife Investment Advisors LLC purchased a new position in Model N in the fourth quarter worth about $182,000. PVG Asset Management Corp purchased a new position in Model N in the first quarter worth about $191,000. Advisor Group Inc. grew its position in Model N by 24,927.1% in the fourth quarter. Advisor Group Inc. now owns 14,766 shares of the software maker’s stock worth $233,000 after acquiring an additional 14,707 shares in the last quarter. Finally, Strs Ohio purchased a new position in Model N in the fourth quarter worth about $264,000. Hedge funds and other institutional investors own 62.16% of the company’s stock.
About Model N
Model N, Inc provides revenue management cloud solutions for the life sciences, technology, and manufacturing companies. The company's cloud-based revenue management solutions include Revenue Cloud for Pharma, Revenue Cloud for Med Tech, Revenue Cloud for High Tech, and Revenue Cloud. 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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