Model N, Inc. (NYSE:MODN – Get Rating) CEO Jason Blessing sold 12,525 shares of Model N stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $28.63, for a total transaction of $358,590.75. Following the transaction, the chief executive officer now directly owns 683,799 shares of the company’s stock, valued at $19,577,165.37. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Model N Stock Down 0.5 %
Shares of NYSE MODN opened at $29.14 on Friday. The firm has a market capitalization of $1.11 billion, a PE ratio of -21.12 and a beta of 0.68. The company has a current ratio of 3.70, a quick ratio of 3.70 and a debt-to-equity ratio of 3.03. Model N, Inc. has a 1 year low of $20.95 and a 1 year high of $43.18. The firm’s 50-day moving average is $32.00 and its 200-day moving average is $36.18.
Analyst Ratings Changes
A number of research firms have recently issued reports on MODN. 1-800-FLOWERS.COM reiterated an “initiates” rating on shares of Model N in a research note on Thursday, April 27th. Truist Financial boosted their price objective on Model N from $45.00 to $52.00 in a research note on Wednesday, February 8th. Royal Bank of Canada started coverage on Model N in a research note on Thursday, April 27th. They issued a “sector perform” rating and a $35.00 target price for the company. Needham & Company LLC lifted their price target on Model N from $42.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, February 8th. Finally, StockNews.com initiated coverage on shares of Model N in a report on Thursday. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.38.
Institutional Inflows and Outflows
About Model N
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.
- Get a free copy of the StockNews.com research report on Model N (MODN)
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