Model N, Inc. (NYSE:MODN) CFO David Barter sold 3,596 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $14.65, for a total value of $52,681.40. Following the sale, the chief financial officer now owns 111,676 shares in the company, valued at approximately $1,636,053.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Model N (NYSE:MODN) last issued its quarterly earnings results on Tuesday, August 8th. The software maker reported ($0.23) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.27) by $0.04. The firm had revenue of $34.20 million for the quarter, compared to analysts’ expectations of $34.41 million. Model N had a negative return on equity of 52.59% and a negative net margin of 30.85%. The firm’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.16) EPS.

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Several analysts have weighed in on the company. BidaskClub upgraded Model N from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 30th. Zacks Investment Research downgraded Model N from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. Finally, ValuEngine upgraded Model N from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $13.67.

Hedge funds have recently modified their holdings of the stock. Prescott Group Capital Management L.L.C. acquired a new position in Model N in the 2nd quarter valued at about $140,000. Prudential Financial Inc. acquired a new position in Model N in the 2nd quarter valued at about $141,000. American International Group Inc. increased its position in Model N by 7.1% in the 1st quarter. American International Group Inc. now owns 13,678 shares of the software maker’s stock valued at $143,000 after acquiring an additional 904 shares during the period. Metropolitan Life Insurance Co. NY acquired a new position in Model N in the 1st quarter valued at about $175,000. Finally, Voya Investment Management LLC increased its position in Model N by 14.7% in the 2nd quarter. Voya Investment Management LLC now owns 14,963 shares of the software maker’s stock valued at $199,000 after acquiring an additional 1,915 shares during the period. Hedge funds and other institutional investors own 65.97% 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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