Model N, Inc. (NYSE:MODN) SVP Amelia Generalis sold 3,758 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $13.30, for a total transaction of $49,981.40. Following the sale, the senior vice president now directly owns 76,734 shares of the company’s stock, valued at approximately $1,020,562.20. The sale was disclosed in a filing with the SEC, which is available at this link.

Model N, Inc. (MODN) traded up 1.13% during trading on Wednesday, reaching $13.45. 111,035 shares of the company’s stock traded hands. Model N, Inc. has a 1-year low of $6.97 and a 1-year high of $13.70. The firm’s market capitalization is $391.30 million. The firm has a 50 day moving average of $13.06 and a 200 day moving average of $11.62.

Model N (NYSE:MODN) last posted its earnings results on Tuesday, August 8th. The software maker reported ($0.23) earnings per share for the quarter, beating the Thomson Reuters’ 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 the consensus estimate of $34.41 million. During the same period last year, the firm posted ($0.16) EPS. The firm’s revenue for the quarter was up 22.6% on a year-over-year basis. Equities analysts forecast that Model N, Inc. will post ($0.62) EPS for the current year.

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Several brokerages recently issued reports on MODN. Zacks Investment Research raised shares of Model N from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Monday. BidaskClub cut shares of Model N from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 9th. Dougherty & Co began coverage on shares of Model N in a research note on Thursday, June 29th. They set a “buy” rating and a $17.00 price objective for the company. Chardan Capital began coverage on shares of Model N in a research note on Friday, May 19th. They set a “buy” rating and a $16.00 price objective for the company. Finally, Craig Hallum raised shares of Model N from a “hold” rating to a “buy” rating in a research note on Tuesday, May 9th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $13.50.

Several large investors have recently modified their holdings of MODN. SQN Investors LP increased its stake in shares of Model N by 28.8% in the second quarter. SQN Investors LP now owns 2,805,028 shares of the software maker’s stock worth $37,307,000 after buying an additional 627,700 shares during the period. Vanguard Group Inc. increased its stake 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 during the period. Redmile Group LLC increased its stake in shares of Model N by 4.4% in the second quarter. Redmile Group LLC now owns 858,314 shares of the software maker’s stock worth $11,416,000 after buying an additional 36,000 shares during the period. Trigran Investments Inc. increased its stake in shares of Model N by 11.1% in the second quarter. Trigran Investments Inc. now owns 856,612 shares of the software maker’s stock worth $11,393,000 after buying an additional 85,879 shares during the period. Finally, Emerald Advisers Inc. PA increased its stake in shares of Model N by 5.7% in the second quarter. Emerald Advisers Inc. PA now owns 789,070 shares of the software maker’s stock worth $10,495,000 after buying an additional 42,890 shares during the period. Institutional investors and hedge funds own 66.12% 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.

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