Investure Exits Position in Model N Inc (MODN)

Model N Inc (MODN) : Investure has sold out all of its stake in Model N Inc during the most recent quarter, according to the disclosure filed by the company on Apr 25, 2016 with the SEC. The investment management company has sold out 133,227 shares of Model N Inc which is valued at $1,422,864.

Model N Inc opened for trading at $10.79 and hit $10.94 on the upside on Monday, eventually ending the session at $10.86, with a gain of 1.69% or 0.18 points. The heightened volatility saw the trading volume jump to 49,277 shares. Company has a market cap of $294 M.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa sold out all of its stake in MODN during the most recent quarter. The investment firm sold 1,942 shares of MODN which is valued $21,168. Metlife Securities Inc added MODN to its portfolio by purchasing 60 company shares during the most recent quarter which is valued at $654. Simplex Trading sold out all of its stake in MODN during the most recent quarter. The investment firm sold 1,044 shares of MODN which is valued $11,004.

On the company’s financial health, Model N Inc reported $-0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Nov 9, 2015. Analyst had a consensus of $-0.08. The company had revenue of $25.40 million for the quarter, compared to analysts expectations of $24.80 million. The company’s revenue was up 25.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.13 EPS.

Many Wall Street Analysts have commented on Model N Inc. Model N Inc was Initiated by Craig Hallum to “Buy” on Feb 16, 2016.

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.

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