Model N, Inc. (NYSE:MODN) Experiences Heavier than Average Trading Volume


Trading volume for Model N, Inc. was 160K by the end of trading on Tuesday. Overall, volume was up 126.84% over the stocks normal daily volume.

Investors are more bullish on shares of Model N, Inc. lately as inferred by the downtick in short interest. The company realized a fall in short interest of -2.24% between September 29, 2017 and October 13, 2017. Short shares fell from 935,207 to 914,299 over that timeframe. With short interest at 914,299 and short average daily volume at 85,471, the short-interest ratio is 11.0 and the percentage of shorted shares is 0.03% as of October 13.

The following firms have recently changed their position in MODN. As of quarter end Carleon Capital Partners LLC had sold 9,260 shares trimming its position 24.9%. The value of the total investment in Model N, Inc. went from $389,000 to $369,000 a change of 5.1% quarter over quarter. As of the end of the quarter Ubs Group Ag had acquired a total of 6,867 shares growing its stake by 3.0%. The value of the company’s investment in Model N, Inc. increased from $2,409,000 to $3,157,000 a change of $748,000 quarter to quarter.

First Light Asset Management, LLC augmented its ownership by buying 2,461 shares an increase of 0.6% in the quarter. First Light Asset Management, LLC now holds 423,211 shares valued at $5,629,000. The value of the position overall is up by 28.0%. As of quarter end Sqn Investors Lp had acquired a total of 627,700 shares growing its holdings by 28.8%. The value in dollars went from $22,753,000 to $37,307,000 increasing 64.0% since the last quarter.

The company is trading up from yesterday’s close of $14.55. Shares are trading at $14.55 just above the 50 day moving average of $14.29 and significantly higher than the 200 day moving average of $13.10. The 50 day moving average went up by +1.81% and the 200 day average moved up $1.45.

In the last earnings report the EPS was $-1.35 and is projected to be $-0.62 for the current year with 29,093,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $-0.08 with next year’s EPS anticipated to be $-0.18.

Model N, Inc., launched on December 14, 1999, is a provider of revenue management solutions for life science and technology companies. The Business’s solutions enable its customers to maximize revenues and reduce revenue compliance risk by transforming their revenue life cycle from a series of tactical, disjointed operations into a strategic end-to-end process. The Business’s solutions include Revenue Enterprise Cloud, Revenue Intelligence Cloud and Revvy Revenue Management. The Company provides solutions that span the organizational and operational boundaries of functions, such as sales, marketing and finance, and serve as a system of record for revenue management processes, including pricing, contracts, rebates, incentives and regulatory compliance. The Business’s application suites are designed to work with enterprise resource planning (ERP) and customer relationship management (CRM) applications. Its applications also provide customers predictive revenue insight, optimization of sales and marketing investments and offers, and customer profitability intelligence. The Company also offers implementation services, managed services, strategic services and customer support..