At $18.67 Model N, Inc. (MODN) Forms Double Top Chart Pattern

June 29, 2018 - By Matthew Medley

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

Big Money Sentiment increased to 1.63 in 2018 Q1. It has change of 0.23, from 2017Q4’s 1.4. The ratio increased due to Model N, Inc. positioning: 8 sold and 22 reduced. 20 funds took holdings and 29 increased holdings. Investors holded 15.28 million in 2017Q4 but now own 17.39 million shares or 13.78% more.
State Common Retirement Fund holds 0% in Model N, Inc. (NYSE:MODN) or 213,139 shs. Fmr Ltd Liability holds 662,578 shs. 437,213 were reported by Deutsche Savings Bank Ag. Millennium Mngmt Ltd accumulated 1.06 million shs or 0.03% of the stock. Art Llc, a New York-based fund reported 66,576 shs. One Trading L P has 0% invested in Model N, Inc. (NYSE:MODN) for 3,876 shs. State Street Corporation invested in 402,701 shs or 0% of the stock. Lyon Street Cap Limited Company invested in 680,452 shs or 3.96% of the stock. S Squared Technologies Ltd reported 106,676 shs. Legal & General Group Inc Public Ltd Co holds 0% of its capital in Model N, Inc. (NYSE:MODN) for 4,245 shs. Fuller & Thaler Asset invested in 0.03% or 129,825 shs. Vanguard Grp holds 0% or 1.01 million shs in its capital. Sei reported 0% in Model N, Inc. (NYSE:MODN). Massachusetts Service Company Ma owns 0% invested in Model N, Inc. (NYSE:MODN) for 500,123 shs. Penn Capital Mgmt Inc stated it has 363,942 shs or 0.52% of all its holdings.

Model N, Inc. registered $10.16 million net activity with 0 insider purchases and 8 insider sales since February 15, 2018. Anderson – Mark – Albert sold $37,437 worth of Model N, Inc. (NYSE:MODN) or 2,210 shs on Thursday, February 15. Gokhale Neeraj also sold $27,578 worth of Model N, Inc. (NYSE:MODN) on Thursday, February 15. On Wednesday, May 16 Shares for $128,017 were sold by Barter David. Mellott Russell also sold $3,744 worth of Model N, Inc. (NYSE:MODN) 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 hit $18.67 during the last trading session after $0.42 change.Currently Model N, Inc. is uptrending after 39.53% change in last June 29, 2017. MODN has 121,496 shares volume. The stock outperformed the S&P 500 by 26.96%.

Investors wait Model N, Inc. (NYSE:MODN)’s quarterly earnings on August, 14., Faxor reports. This year’s EPS analyst estimate is awaited to be $-0.22. That is 4.35 % up compareed to $-0.23 EPS for last year. 175.00 % negative EPS growth is what Wall Street’s sees after $-0.08 reported EPS last quarter.

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

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