Model N (MODN) Holdings Lifted by Deutsche Bank AG

Deutsche Bank AG grew its stake in shares of Model N (NYSE:MODN) by 80.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 277,429 shares of the software maker’s stock after acquiring an additional 123,679 shares during the period. Deutsche Bank AG owned about 0.94% of Model N worth $4,369,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Advisor Group Inc. boosted its holdings in shares of Model N by 24,927.1% in the 4th quarter. Advisor Group Inc. now owns 14,766 shares of the software maker’s stock valued at $233,000 after buying an additional 14,707 shares during the period. Strs Ohio acquired a new position in shares of Model N in the 4th quarter valued at about $264,000. California Public Employees Retirement System acquired a new position in shares of Model N in the 3rd quarter valued at about $354,000. Wells Fargo & Company MN boosted its holdings in shares of Model N by 62.8% in the 3rd quarter. Wells Fargo & Company MN now owns 24,151 shares of the software maker’s stock valued at $362,000 after buying an additional 9,317 shares during the period. Finally, Gradient Investments LLC boosted its holdings in shares of Model N by 23.1% in the 4th quarter. Gradient Investments LLC now owns 29,715 shares of the software maker’s stock valued at $468,000 after buying an additional 5,575 shares during the period. 62.71% of the stock is owned by institutional investors.

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In other Model N news, SVP Neeraj Gokhale sold 1,628 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $16.94, for a total transaction of $27,578.32. Following the completion of the transaction, the senior vice president now directly owns 81,389 shares of the company’s stock, valued at approximately $1,378,729.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mark Albert Anderson sold 10,153 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $16.65, for a total transaction of $169,047.45. The disclosure for this sale can be found here. Insiders own 18.90% of the company’s stock.

MODN has been the subject of several research reports. Zacks Investment Research raised shares of Model N from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Monday, March 12th. ValuEngine raised shares of Model N from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Dougherty & Co lifted their price target on shares of Model N from $17.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, December 19th. JPMorgan Chase set a $20.00 price target on shares of Model N and gave the company a “hold” rating in a report on Wednesday, March 14th. They noted that the move was a valuation call. Finally, JMP Securities raised shares of Model N from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 7th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Model N currently has a consensus rating of “Buy” and a consensus target price of $19.25.

Model N stock opened at $17.25 on Monday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.29. The stock has a market cap of $517.43, a price-to-earnings ratio of -20.78 and a beta of 0.80. Model N has a 52-week low of $10.00 and a 52-week high of $18.90.

Model N (NYSE:MODN) last posted its earnings results on Tuesday, February 6th. The software maker reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. The firm had revenue of $39.10 million during the quarter, compared to analyst estimates of $37.14 million. Model N had a negative net margin of 26.17% and a negative return on equity of 55.03%. Model N’s revenue was up 39.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.15) EPS. equities analysts forecast that Model N will post -0.57 EPS for the current fiscal year.

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Model N Company Profile

Model N, Inc provides revenue management cloud solutions for the life sciences, technology, and manufacturing companies. The company's cloud-based revenue management solutions include Revenue Cloud for Pharma, Revenue Cloud for Med Tech, Revenue Cloud for High Tech, and Revenue Cloud. It develops software applications, such as managed care and government pricing for life science companies; and channel incentives for technology companies.

Institutional Ownership by Quarter for Model N (NYSE:MODN)

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