Model N, Inc. (NYSE:MODN) CRO Christopher Lyon Sells 6,753 Shares

Model N, Inc. (NYSE:MODN) CRO Christopher Lyon sold 6,753 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $29.84, for a total transaction of $201,509.52. Following the sale, the executive now directly owns 214,182 shares in the company, valued at approximately $6,391,190.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Christopher Lyon also recently made the following trade(s):

• On Thursday, May 16th, Christopher Lyon sold 8,786 shares of Model N stock. The stock was sold at an average price of $29.79, for a total transaction of $261,734.94.
• On Thursday, March 14th, Christopher Lyon sold 8,124 shares of Model N stock. The shares were sold at an average price of $25.26, for a total transaction of $205,212.24.

Model N Stock Performance

Model N stock remained flat at $29.84 during midday trading on Friday. The company had a trading volume of 602,265 shares, compared to its average volume of 585,392. The business has a 50-day simple moving average of $28.87 and a 200-day simple moving average of $26.64. Model N, Inc. has a 12 month low of $20.90 and a 12 month high of $35.96. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of -2,984,000.00 and a beta of 0.68. The company has a debt-to-equity ratio of 2.05, a quick ratio of 3.86 and a current ratio of 3.86.

Model N (NYSE:MODN) last posted its earnings results on Monday, May 6th. The software maker reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.02). The business had revenue of $65.10 million for the quarter, compared to analysts’ expectations of $64.45 million. Model N had a return on equity of 6.94% and a net margin of 0.10%. Model N’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.05) EPS. Equities research analysts anticipate that Model N, Inc. will post 0.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Robert W. Baird restated a “neutral” rating and issued a $30.00 price target on shares of Model N in a research report on Monday, April 8th. Royal Bank of Canada reissued a “sector perform” rating and set a $30.00 target price on shares of Model N in a research note on Tuesday, April 9th. Craig Hallum reissued a “hold” rating and set a $30.00 target price on shares of Model N in a research note on Tuesday, April 9th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $30.00 price objective (down from $37.00) on shares of Model N in a research note on Wednesday, April 10th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Model N in a report on Tuesday, May 7th. Ten equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $31.80.

Institutional Investors Weigh In On Model N

Institutional investors have recently added to or reduced their stakes in the business. Conestoga Capital Advisors LLC lifted its stake in Model N by 15.3% during the fourth quarter. Conestoga Capital Advisors LLC now owns 3,824,894 shares of the software maker’s stock worth $103,004,000 after purchasing an additional 507,090 shares during the last quarter. Vanguard Group Inc. increased its position in Model N by 5.1% during the third quarter. Vanguard Group Inc. now owns 2,644,961 shares of the software maker’s stock worth $64,563,000 after buying an additional 128,461 shares during the period. Skandinaviska Enskilda Banken AB publ increased its position in Model N by 70.8% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 44,400 shares of the software maker’s stock worth $1,084,000 after buying an additional 18,400 shares during the period. Assenagon Asset Management S.A. acquired a new position in Model N during the fourth quarter worth approximately $7,964,000. Finally, Nicholas Company Inc. increased its position in Model N by 13.4% during the third quarter. Nicholas Company Inc. now owns 283,914 shares of the software maker’s stock worth $6,930,000 after buying an additional 33,650 shares during the period.

Model N Company Profile

Model N, Inc provides cloud revenue management solutions for life sciences and high-tech companies in the United States and internationally. 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 on a timely basis and at correct rates for government Medicaid programs, as well as Validata, State Pricing Transparency Management, Advanced Membership Management, and Intelligence Cloud.