Model N, Inc. (MODN) Trades at $18.67 Forming Double Top

June 29, 2018 - By Rhonda Roth

Model N, Inc. (NYSE:MODN) Corporate Logo

During Q1 2018 the big money sentiment increased to 1.63. That’s change of 0.23, from 2017Q4’s 1.4. 8 investors sold all, 22 reduced holdings as Model N, Inc. ratio is positive. 29 rose stakes while 20 funds bought stakes. Funds hold 17.39 million shares thus 13.78% more from 2017Q4’s 15.28 million shares.
Nicholas Invest Partners L P holds 287,383 shs. State Board Of Administration Of Florida Retirement Sys invested in 0% or 23,502 shs. Cortina Asset Ltd Co owns 280,062 shs. Acadian Asset Mgmt Limited Liability Corporation has invested 0% of its capital in Model N, Inc. (NYSE:MODN). Citigroup Inc holds 0% of its capital in Model N, Inc. (NYSE:MODN) for 16,508 shs. 680,452 were reported by Lyon Street Cap Limited Liability. Art Advisors Limited Co reported 66,576 shs. Bnp Paribas Arbitrage invested in 61,858 shs or 0% of the stock. Metropolitan Life Insur reported 8,045 shs. Public Employees Retirement Sys Of Ohio owns 57,681 shs for 0.01% of their capital. Barclays Public Ltd Company owns 9,550 shs or 0% of their US capital. Penn Capital Management Comm Inc has 0.52% invested in Model N, Inc. (NYSE:MODN). Secor Advsrs Lp accumulated 62,665 shs or 0.09% of the stock. National Bank Of Montreal Can reported 1,838 shs stake. California Employees Retirement Sys reported 0% stake.

Model N, Inc. registered $10.16 million net activity with 0 insider buys and 8 insider sales since February 15, 2018. $470,250 worth of Model N, Inc. (NYSE:MODN) was sold by Rinat Zack on Monday, June 11. Gokhale Neeraj sold $27,578 worth of Model N, Inc. (NYSE:MODN) on Thursday, February 15. On Wednesday, May 16 Barter David also sold $128,017 worth of Model N, Inc. (NYSE:MODN). On Wednesday, May 16 Mellott Russell sold $3,744 worth of Model N, Inc. (NYSE:MODN).

Model N, Inc. (MODN) chart forms a double top chart pattern with $19.42 target. That’s 4.00 % above today’s $18.67 price per share. The chart pattern points out low risk. The double top chart pattern was reported on Jun, 29 by Finviz.com. At our $19.42 target, the company worth will be $22.81M more.

MODN reached $18.67 during the last trading session after $0.42 change.Model N, Inc. has volume of 121,496 shares. Since June 29, 2017 MODN has risen 39.53% and is uptrending. MODN outperformed by 26.96% the S&P500.

On August, 14 WallStreet expected Model N, Inc. (NYSE:MODN)’s earnings report, according to RTT. Analysts expect change of 4.35 % or $0.01 from previous year’s $-0.23 earnings per share compared to current’s $-0.22 earnings per share. After $-0.08 EPS report last quarter, Wall Street now sees 175.00 % negative EPS growth of Model N, Inc..

Model N, Inc. (NYSE:MODN) Institutional Investors Chart

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