Timothy M. Adams Sells 8,119 Shares of Model N, Inc. (NYSE:MODN) Stock

Model N, Inc. (NYSE:MODN) Director Timothy M. Adams sold 8,119 shares of the stock in a transaction that occurred on Tuesday, January 12th. The stock was sold at an average price of $39.46, for a total transaction of $320,375.74. Following the transaction, the director now directly owns 32,026 shares of the company’s stock, valued at approximately $1,263,745.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of NYSE:MODN opened at $37.95 on Thursday. The company’s fifty day moving average price is $35.13 and its 200 day moving average price is $36.08. Model N, Inc. has a 12 month low of $15.00 and a 12 month high of $44.56. The company has a debt-to-equity ratio of 0.92, a current ratio of 3.17 and a quick ratio of 3.17. The firm has a market capitalization of $1.33 billion, a P/E ratio of -92.56 and a beta of 0.96.

Model N (NYSE:MODN) last announced its quarterly earnings results on Tuesday, November 10th. The software maker reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.05. Model N had a negative net margin of 8.48% and a negative return on equity of 6.16%. The firm had revenue of $41.50 million for the quarter, compared to analyst estimates of $40.51 million. During the same period last year, the business earned $0.12 EPS. Model N’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Model N, Inc. will post -0.3 EPS for the current year.

Several equities analysts have commented on MODN shares. BidaskClub raised shares of Model N from a “sell” rating to a “hold” rating in a research report on Thursday, December 17th. Craig Hallum cut shares of Model N from a “buy” rating to a “hold” rating and decreased their price target for the company from $49.50 to $38.00 in a research report on Wednesday, November 11th. JPMorgan Chase & Co. cut shares of Model N from an “overweight” rating to an “underweight” rating and decreased their price target for the company from $48.00 to $33.00 in a research report on Wednesday, December 9th. Finally, Needham & Company LLC decreased their price target on shares of Model N from $48.00 to $41.00 and set a “buy” rating for the company in a research report on Wednesday, November 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $33.57.

A number of large investors have recently made changes to their positions in MODN. Sei Investments Co. increased its stake in Model N by 135.8% in the third quarter. Sei Investments Co. now owns 34,536 shares of the software maker’s stock valued at $1,219,000 after purchasing an additional 19,888 shares during the period. Paloma Partners Management Co acquired a new position in Model N in the third quarter valued at $239,000. California State Teachers Retirement System increased its stake in Model N by 1.7% in the third quarter. California State Teachers Retirement System now owns 51,547 shares of the software maker’s stock valued at $1,819,000 after purchasing an additional 883 shares during the period. Cubist Systematic Strategies LLC increased its stake in Model N by 280.9% in the third quarter. Cubist Systematic Strategies LLC now owns 67,057 shares of the software maker’s stock valued at $2,366,000 after purchasing an additional 49,450 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in Model N in the third quarter valued at $271,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

About Model N

Model N, Inc provides revenue management cloud solutions for the life sciences and high tech industries. The company offers Global Pricing Management, which minimizes price erosion of products; Global Tender Management that enhances revenue by enabling segmentation and targeting, optimal bid pricing, and post-award tracking; Provider Management, which minimizes rebate overpayments; Payer Management that minimizes revenue leakage and noncompliance of complex contracts; Government Pricing, which optimizes revenue, and reduces the risk of fines and other penalties; and Medicaid that enhances compliance with regulatory requirements and payments of rebate claims timely, as well as at correct rates for government medicaid programs.

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