Christopher Larsen Unloaded $88,718 Worth of Model N Inc (NYSE:MODN) Stock

Christopher Larsen Insider Sell Transaction

As reported in a legal form that’s submitted to the SEC on 17-11-2015, Christopher Larsen an insider in Model N Inc (NYSE:MODN) and currently SVP and Chief Customer Officer, unloaded shares worth $88,718 U.S Dollars in the firm. He sold 8,506 shares, at average $10.4 per share. Mr. Christopher right now has 86,517 shares, accounting for 0.32 % of Model N Inc’s market cap.

Model N Inc Stock Rating, Sentiment and Fundamentals

five spec analysts that cover Model N Inc financial reports see earnings-per-share of $-0.65 for the year 2015. It is difficult to make conclusions about Model N Inc’s future just from Christopher Larsen’s sale because in this filing, the insider also revealed option transactions. In the form, it was reported that Christopher exercised options for 26,539 shares with average price 0.0000, worth .

This downtrend plus Christopher’s insider selling and our momentum model force us to rate the stock а “SELL”. See the chart below. Model N Inc has had its stock price diving by 5.75 % in the last 200 days alone, and its continuing to be on a strong downtrend.

Price Chart of Model N NYSE:MODN Stock

Source: RightEdgeSystems, Yahoo Split & Dividend Adjusted Data and OctaFinance Interpretations

Hedge Funds Ownership

In Q2 2015 75 hedge funds own shares of Model N Inc. Our tracked institutional and hedge funds have historically had a high interest in this company, and that was also the case in the last quarter. The institutional ownership was 61.69 % of the stock’s outstanding shares. Its up 1.61 % from Q1 2015. These hedge funds increased the total shares they own by 257,878 to 16.30 million this quarter. There were 15 funds that created new positions and 34 funds that added to their positions. A total of 5 funds closed their positions in Model N Inc and 19 reduced their holdings.

Investure Llc is the most bullish institutional investor on Model N Inc, with ownership of 1.27 million shares as of Q2 2015 for 2.90% of the fund’s portfolio. Robert G. Moses’s Rgm Capital Llc is another bullish institutional investor possessing 1.99 million shares of the company or 3.35% of their stocks portfolio. The stock is also 3.06% of the fund’s AUM. The California-based fund Westerly Capital Management Llc have 2.34% of their stock portfolio invested in the company’s market cap for 200,000 shares. In addition, Jeremy Green’s Redmile Group Llc revealed it had acquired a stake worth 1.41% of the fund’s stock portfolio in the company. The New York-based fund G2 Investment Partners Management Llc was also a notable follower of the company, owning 84,826 shares. Model N Inc is 0.37% of the fund’s stock portfolio.

Model N NYSE:MODN Company Profile

Model N Inc is a United States-based company, which provides revenue management solutions for the life science and technology industries. The Company’s solutions enable its customers to maximize revenue 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. Its customers use its application suites to manage functions, such as pricing, contracting, incentives, and rebates. The Company offers Model N Cloud, a revenue management software-as-a-service (SaaS) solution that provides access to the revenue management platform for organizations to manage their revenue life cycles across various product lines, divisions, and countries; and Model N Education for providing instructor-led, classroom training in Redwood Shores, California, and Princeton, New Jersey.

Company Website: Model N

Model N Inc was formed in Delaware on 1999-12-14. The company has 202 employees. As of writing its market worth is: $278.71 million and it has 26.98 million shares outstanding. At the moment it has 68.74% shareholders and the institutional ownership is 68.74%. The stock closed at $10.5 yesterday and it had average 2 days volume of 16361 shares. It is down from the 30 days average shares volume of 17070. Model N Inc has a 250 days low of $9.75 and a one year high of $12.69. The current price is below the 200 days SMA. Model N Inc last issued its quarterly earnings report on 11/09/2015. The company reported -0.18 EPS for the quarter, above the consensus estimate of -0.19 by 0.01. The company had a revenue of 23.61 million for 6/30/2015 and 22.68 million for 3/31/2015. Therefore, the revenue was 934,000 up.

Christopher Larsen is also Vice President of Progress Software Corp /Ma, Tibco Software Inc.

* Vesting of restricted stock units (“RSUs”) granted to the Reporting Person on November 25 – 2013.

* All of the shares reported as disposed of in this Form 4 were sold by the Reporting Person in order to pay the federal and state tax withholding obligations resulting for the vesting of the Reporting Person’s RSUs. The Reporting Person did not sell or otherwise dispose of any shares reported in this Form 4 for any reason other than to cover required taxes.

* Each RSU represents a contingent right to receive one share of the Issuer’s common stock.

* 25% of the RSUs granted to the Reporting Person on November 25 – 2013 vest on each of November 15 – 2014 – November 15 – 2015 – November 15 – 2016 and November 15 – 2017 – subject to the Reporting Person’s continuing service with the company through the applicable vesting dates.

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