Bullish Double Top Is Formed By Model N, Inc. (MODN) at $18.67

June 29, 2018 - By Maria Robertson

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 increased. 29 grew holdings while 20 funds amassed holdings. Funds hold 17.39 million shares thus 13.78% more from 2017Q4’s 15.28 million shares.
Wells Fargo And Mn has 0% invested in Model N, Inc. (NYSE:MODN). Geode Capital Mgmt Lc reported 240,317 shs. The New York-based Jpmorgan Chase has invested 0% in Model N, Inc. (NYSE:MODN). Howe & Rusling holds 0% in Model N, Inc. (NYSE:MODN) or 30 shs. Lyon Street Ltd Liability Corporation invested 3.96% in Model N, Inc. (NYSE:MODN). State Common Retirement Fund stated it has 0% of its capital in Model N, Inc. (NYSE:MODN). Fuller And Thaler Asset Inc, a California-based fund reported 129,825 shs. Pennsylvania-based Penn Capital Management Co has invested 0.52% in Model N, Inc. (NYSE:MODN). Vanguard holds 0% in Model N, Inc. (NYSE:MODN) or 1.01M shs. Arrowstreet Capital Ltd Partnership holds 0% or 53,394 shs. Acadian Asset Llc reported 58,524 shs. Parametric Associate Ltd invested in 37,946 shs or 0% of the stock. Blackrock Inc holds 1.51M shs. Golden Gate Private Equity invested 5.33% in Model N, Inc. (NYSE:MODN). Barclays Pcl holds 0% in Model N, Inc. (NYSE:MODN) or 9,550 shs.

Model N, Inc. had 8 sales and 0 buys since February 15, 2018. This’s net activity of $10.16 million. Gokhale Neeraj sold 1,628 shs worth $27,578. Another trade for 2,210 shs valued at $37,437 was sold by Anderson – Mark – Albert. On Wednesday, May 16 Mellott Russell also sold $3,744 worth of Model N, Inc. (NYSE:MODN). $128,017 worth of stock was sold by Barter David on Wednesday, May 16.

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.

Ticker’s shares touched $18.67 during the last trading session after 2.33% change.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&P 500.

Model N, Inc. (NYSE:MODN)’s quarterly earnings will be reported on August, 14., as reported by Faxor. 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. Analysts at Wall Street see Model N, Inc.’s 175.00 % negative EPS growth compared to $-0.08 EPS for last quarter.

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

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