Model N, Inc. (NYSE:MODN – Get Free Report) 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.
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.
Check Out Our Latest Research Report on Model N
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.
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