Model N, Inc. (NYSE:MODN) CRO Christopher Lyon Sells 5,271 Shares

Model N, Inc. (NYSE:MODNGet Rating) CRO Christopher Lyon sold 5,271 shares of the firm’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $37.89, for a total transaction of $199,718.19. Following the completion of the transaction, the executive now directly owns 160,926 shares in the company, valued at $6,097,486.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

  • On Wednesday, November 16th, Christopher Lyon sold 3,035 shares of Model N stock. The stock was sold at an average price of $37.99, for a total transaction of $115,299.65.

Model N Stock Down 0.5 %

Shares of Model N stock traded down $0.20 on Thursday, hitting $37.51. 378,766 shares of the company’s stock traded hands, compared to its average volume of 359,364. The company has a fifty day moving average of $35.30 and a two-hundred day moving average of $29.45. Model N, Inc. has a one year low of $20.95 and a one year high of $40.10. The company has a quick ratio of 2.70, a current ratio of 2.45 and a debt-to-equity ratio of 1.01.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MODN shares. Craig Hallum raised their target price on Model N from $34.00 to $42.00 in a report on Wednesday, November 9th. Truist Financial lifted their target price on Model N from $35.00 to $45.00 in a research report on Wednesday, November 9th. JMP Securities raised their price target on shares of Model N from $39.00 to $46.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 9th. BTIG Research increased their price objective on shares of Model N to $42.00 in a research note on Tuesday, November 15th. Finally, TheStreet raised shares of Model N from a “d+” rating to a “c” rating in a research note on Friday, August 12th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $42.50.

Hedge Funds Weigh In On Model N

Several institutional investors have recently made changes to their positions in the stock. Almanack Investment Partners LLC. bought a new stake in Model N in the 3rd quarter valued at about $113,000. State Street Corp raised its position in shares of Model N by 0.8% during the third quarter. State Street Corp now owns 758,345 shares of the software maker’s stock worth $25,958,000 after purchasing an additional 5,665 shares during the period. Castleark Management LLC lifted its holdings in shares of Model N by 350.2% in the 3rd quarter. Castleark Management LLC now owns 115,483 shares of the software maker’s stock worth $3,953,000 after purchasing an additional 89,834 shares in the last quarter. Public Employees Retirement Association of Colorado acquired a new stake in Model N in the 3rd quarter valued at $796,000. Finally, Trexquant Investment LP bought a new stake in Model N during the 3rd quarter valued at $205,000. Institutional investors and hedge funds own 97.47% of the company’s stock.

Model N Company Profile

(Get Rating)

Model N, Inc provides cloud revenue management solutions for life sciences and high-tech companies. 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.

Further Reading

Insider Buying and Selling by Quarter for Model N (NYSE:MODN)

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