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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: