Model N, Inc. (NYSE:MODN) SVP Amelia Generalis sold 6,298 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $13.35, for a total transaction of $84,078.30. Following the sale, the senior vice president now directly owns 70,436 shares of the company’s stock, valued at approximately $940,320.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Amelia Generalis also recently made the following trade(s):

  • On Tuesday, August 15th, Amelia Generalis sold 3,758 shares of Model N stock. The shares were sold at an average price of $13.30, for a total transaction of $49,981.40.

Shares of Model N, Inc. (NYSE:MODN) remained flat at $13.20 on Thursday. The company’s stock had a trading volume of 37,732 shares. The company’s market cap is $384.03 million. Model N, Inc. has a 12 month low of $6.97 and a 12 month high of $13.75. The company’s 50-day moving average is $13.21 and its 200-day moving average is $12.02.

Model N (NYSE:MODN) last released its quarterly earnings results on Tuesday, August 8th. The software maker reported ($0.23) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.27) by $0.04. The company had revenue of $34.20 million for the quarter, compared to analyst estimates of $34.41 million. Model N had a negative net margin of 30.85% and a negative return on equity of 52.59%. The firm’s revenue was up 22.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.16) earnings per share. On average, analysts forecast that Model N, Inc. will post ($0.62) EPS for the current year.

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A number of hedge funds have recently added to or reduced their stakes in the stock. Teachers Advisors LLC grew its position in shares of Model N by 28.7% in the fourth quarter. Teachers Advisors LLC now owns 43,373 shares of the software maker’s stock valued at $384,000 after purchasing an additional 9,674 shares during the period. Parametric Portfolio Associates LLC grew its position in shares of Model N by 32.9% in the first quarter. Parametric Portfolio Associates LLC now owns 24,618 shares of the software maker’s stock valued at $257,000 after purchasing an additional 6,098 shares during the period. American International Group Inc. grew its position in shares of Model N by 7.1% in the first quarter. American International Group Inc. now owns 13,678 shares of the software maker’s stock valued at $143,000 after purchasing an additional 904 shares during the period. FIL Ltd acquired a new stake in shares of Model N in the first quarter valued at about $1,195,000. Finally, Vanguard Group Inc. grew its position in shares of Model N by 2.4% in the first quarter. Vanguard Group Inc. now owns 934,866 shares of the software maker’s stock valued at $9,770,000 after purchasing an additional 21,555 shares during the period. Institutional investors own 65.87% of the company’s stock.

MODN has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Model N from a “buy” rating to a “hold” rating in a report on Tuesday. ValuEngine raised shares of Model N from a “sell” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub raised shares of Model N from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Dougherty & Co initiated coverage on shares of Model N in a report on Thursday, June 29th. They issued a “buy” rating and a $17.00 target price for the company. Finally, Chardan Capital initiated coverage on shares of Model N in a report on Friday, May 19th. They issued a “buy” rating and a $16.00 target price for the company. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Model N currently has a consensus rating of “Buy” and a consensus price target of $13.50.

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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