Model N, Inc. (MODN) Near Bullish Double Top At $18.67

June 29, 2018 - By Alberto Lyles

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 improved. 29 grew stakes while 20 funds bought stakes. Funds hold 17.39 million shares thus 13.78% more from 2017Q4’s 15.28 million shares.
Caprock Gru Inc owns 13,987 shs for 0.05% of their capital. Bancshares Of Montreal Can holds 0% or 1,838 shs. Lyon Street Cap Limited Liability Corporation has 680,452 shs. Vanguard Group Inc holds 1.01M shs. Blackrock has invested 0% in Model N, Inc. (NYSE:MODN). Pub Employees Retirement System Of Ohio accumulated 57,681 shs. Pennsylvania-based Pnc Fincl Grp Inc has invested 0% in Model N, Inc. (NYSE:MODN). Menta Capital Ltd Com holds 0.14% or 37,747 shs. Geode Cap Management Ltd invested 0% in Model N, Inc. (NYSE:MODN). Gp Incorporated invested in 15,181 shs or 0% of the stock. Next Century Growth Investors Lc has invested 0.25% in Model N, Inc. (NYSE:MODN). Product Limited Liability Company accumulated 41,002 shs. National Bank & Trust Of New York Mellon owns 151,346 shs. Cortina Asset Management Lc reported 280,062 shs stake. Moreover, Trigran Invests has 2.76% invested in Model N, Inc. (NYSE:MODN) for 723,052 shs.

Model N, Inc. registered $10.16 million net activity with 0 insider buys and 8 sales since February 15, 2018. On Wednesday, May 16 Barter David sold $128,017 worth of Model N, Inc. (NYSE:MODN). On Friday, June 22 Rinat Zack sold $8.75 million worth of Model N, Inc. (NYSE:MODN) or 514,988 shs. On Thursday, February 15 $27,578 worth of Model N, Inc. (NYSE:MODN) was sold by Gokhale Neeraj. Mellott Russell sold $3,744 worth of stock or 212 shs.

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 is hitting $18.67 during the last trading session, after increased 2.33%.Currently Model N, Inc. is uptrending after 39.53% change in last June 29, 2017. MODN has 121,496 shares volume. MODN outperformed by 26.96% the S&P500.

Model N, Inc. (NYSE:MODN) is anticipated to report earnings on August, 14., Faxor reports. Analysts forecast $-0.22 EPS. That’s $0.01 up or 4.35 % from 2017’s earnings of $-0.23. 175.00 % negative EPS growth is what analysts predict. $-0.08 EPS was revealed for last quarter.

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

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