Director Dave Yarnold Sells 5,000 Shares of Model N Inc
On February 14, 2024, Dave Yarnold, a director at Model N Inc (NYSE:MODN), executed a sale of 5,000 shares of the company's stock, according to a recent SEC Filing. This transaction was carried out with shares priced at $26.88 each, resulting in a total sale value of $134,400.
Model N Inc is a provider of cloud-based revenue management solutions for life sciences and technology companies. The company's software helps clients manage their revenue lifecycle from pricing strategies and contracting to compliance and settlements.
Over the past year, the insider has sold a total of 5,000 shares and has not made any purchases of the company's stock. The insider transaction history for Model N Inc shows a pattern of 41 insider sells and no insider buys over the same timeframe.
Shares of Model N Inc were trading at $26.88 on the day of the insider's recent sale, giving the company a market cap of $1.005 billion.
According to the GuruFocus Value chart, with a current price of $26.88 and a GuruFocus Value of $35.37, Model N Inc has a price-to-GF-Value ratio of 0.76, indicating that the stock is considered to be Modestly Undervalued.
The GF Value is an intrinsic value estimate that takes into account historical trading multiples, a GuruFocus adjustment factor based on the company's historical returns and growth, and future business performance estimates provided by Morningstar analysts.
The insider trend image above reflects the recent selling activity by company insiders, which may be of interest to investors monitoring insider behaviors.
The GF Value image provides a visual representation of the stock's valuation relative to its intrinsic value, as estimated by GuruFocus.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
