Model N, Inc. (NYSE:MODN – Get Rating) CRO Christopher Lyon sold 6,400 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $28.63, for a total value of $183,232.00. Following the completion of the sale, the executive now owns 146,959 shares in the company, valued at $4,207,436.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Model N Price Performance
Shares of NYSE:MODN opened at $29.14 on Friday. The company has a debt-to-equity ratio of 3.03, a quick ratio of 3.70 and a current ratio of 3.70. The business has a 50-day moving average of $31.94 and a two-hundred day moving average of $36.12. Model N, Inc. has a 12 month low of $20.95 and a 12 month high of $43.18.
Institutional Investors Weigh In On Model N
A number of large investors have recently modified their holdings of the stock. UBS Asset Management Americas Inc. grew its stake in shares of Model N by 0.8% in the third quarter. UBS Asset Management Americas Inc. now owns 35,137 shares of the software maker’s stock valued at $1,203,000 after buying an additional 275 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Model N by 0.9% in the second quarter. JPMorgan Chase & Co. now owns 37,018 shares of the software maker’s stock valued at $947,000 after buying an additional 322 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Model N by 3.6% in the first quarter. Arizona State Retirement System now owns 9,742 shares of the software maker’s stock valued at $326,000 after buying an additional 336 shares in the last quarter. Synovus Financial Corp grew its stake in shares of Model N by 1.4% in the fourth quarter. Synovus Financial Corp now owns 25,121 shares of the software maker’s stock valued at $1,019,000 after buying an additional 345 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Model N by 8.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,580 shares of the software maker’s stock valued at $186,000 after buying an additional 363 shares in the last quarter. Institutional investors and hedge funds own 96.63% of the company’s stock.
Wall Street Analysts Forecast Growth
Model N Company Profile
Model N, Inc engages in developing and monetizing revenue management solutions. It offers cloud revenue optimization and compliance to pharmaceutical, medical technology, semiconductor, and high-tech companies. Its products provide business processes such as pricing, quoting, contracting, regulatory compliance, rebates and incentives.
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