Sqn Investors Lp Exits Position in Model N Inc (MODN)

Model N Inc (MODN) : Sqn Investors Lp 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 Aug 15, 2016 with the SEC. The investment management company has sold out 607,360 shares of Model N Inc which is valued at $6,510,899.

Other Hedge Funds, Including , Millennium Management reduced its stake in MODN by selling 48,154 shares or 58.71% in the most recent quarter. The Hedge Fund company now holds 33,864 shares of MODN which is valued at $363,022.Penn Capital Management Co Inc boosted its stake in MODN in the latest quarter, The investment management firm added 13,151 additional shares and now holds a total of 1,511,395 shares of Model N Inc which is valued at $16,202,154. Model N Inc makes up approx 0.89% of Penn Capital Management Co Inc’s portfolio. Tfs Capital added MODN to its portfolio by purchasing 11,252 company shares during the most recent quarter which is valued at $120,621. Model N Inc makes up approx 0.02% of Tfs Capital’s portfolio. Eam Investors added MODN to its portfolio by purchasing 188,962 company shares during the most recent quarter which is valued at $2,462,175. Model N Inc makes up approx 0.35% of Eam Investors’s portfolio.

Model N Inc opened for trading at $10.71 and hit $11 on the upside on Wednesday, eventually ending the session at $10.88, with a gain of 1.87% or 0.2 points. The heightened volatility saw the trading volume jump to 208,085 shares. Company has a market cap of $299 M.

On the company’s financial health, Model N Inc reported $-0.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $-0.20. The company had revenue of $27.90 million for the quarter, compared to analysts expectations of $27.40 million. The company’s revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.08 EPS.

Many Wall Street Analysts have commented on Model N Inc. Model N Inc was Downgraded by JMP Securities to ” Mkt Perform” on Aug 9, 2016. Shares were Reiterated by Deutsche Bank on Aug 9, 2016 to “Buy” and Lowered the Price Target to $ 16 from a previous price target of $18 .

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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