Model N, Inc.

MODNDelisted Jun 27, 2024

Industry: Services-Computer Programming, Data Processing, Etc.
SEC CIK: 0001118417

SEC filings (opens in a new tab)

Model N, Inc. was delisted on Jun 27, 2024; its insiders filed their last Form 4 on Jun 27, 2024; 163 institutions reported holding it in 13F filings for Q1 2024, worth $1.13B in total; no superinvestor held it.

Key figures

Market cap: –; Not available
Insider buys: 0; Open market, last 90 days
Insider sells: 0; Open market, last 90 days
13F holders: 163; Q1 2024, −5 vs. previous quarter
13F value: $1.13B; Reported value at the end of Q1 2024
Superinvestors holding: 0; At the end of Q1 2024

Financials

See financial statements

From SEC filings, in USD.

Revenue, FY2023: $249.5M; +13.8% year over year
Net income, FY2023: -$33.9M; No comparable prior period
Free cash flow, FY2023: $23.1M; −4.7% year over year
Revenue, Q2 FY2024: $65.1M; +4.0% year over year

Revenue flow, FY2023

Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue.

Net loss for FY2023: $33.9M (13.6% of revenue).

Superinvestors holding MODN, Q1 2024

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No superinvestor reported holding MODN at the end of Q1 2024.

Latest insider trades

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Open-market purchases and sales by Model N, Inc. insiders from Form 4, newest first.

Insider trades
Filed (ET)	Trade date	Filing delay	Insider	Transaction	Shares	Avg price	Value	Holding change	Flags
May 24, 2024 (view filing)	May 23	1 day	Lyon ChristopherChief Revenue Officer	SSale	−6.75K	$29.84	−$201.5K	−3.1%214.2K after
May 17, 2024 (view filing)	May 16	1 day	Selig LauraChief People Officer	SSale	−5.41K	$29.79	−$161.2K	−3.8%136.1K after	4 lots
May 17, 2024 (view filing)	May 16	1 day	Lyon ChristopherChief Revenue Officer	SSale	−8.79K	$29.79	−$261.7K	−3.8%220.9K after	4 lots
May 17, 2024 (view filing)	May 16	1 day	Blessing JasonChief Executive Officer	SSale	−20.2K	$29.79	−$601.1K	−2.2%884.2K after	4 lots
May 17, 2024 (view filing)	May 16	1 day	Rayani RehmannChief Strategy & Mktg Officer	SSale	−7.37K	$29.79	−$219.5K	−5.4%129.6K after	4 lots
May 17, 2024 (view filing)	May 16	1 day	Ederer JohnChief Financial Officer	SSale	−10.7K	$29.79	−$320.0K	−3.5%296.4K after	4 lots
May 17, 2024 (view filing)	May 16	1 day	Anderson, Mark, AlbertChief Services Officer	SSale	−6.19K	$29.79	−$184.5K	−2.3%260.9K after	4 lots
May 17, 2024 (view filing)	May 16	1 day	Kannan SureshChief Product Officer	SSale	−8.69K	$29.79	−$258.7K	−3.3%250.9K after	4 lots
Mar 15, 2024 (view filing)	Mar 14	1 day	DeCarlis KimberlyDirector	SSale	−500	$25.63	−$12.8K	−2.7%18.1K after
Mar 15, 2024 (view filing)	Mar 14	1 day	Ederer JohnChief Financial Officer	SSale	−8.02K	$25.31	−$202.9K	−2.5%307.1K after

Top 10 13F holders, Q1 2024

See all 163 holders

The largest institutional positions in Model N, Inc. at the end of Q1 2024; share changes are against Q4 2023.

Institutions holding MODN in Q1 2024
Institution	Shares	Value	% of portfolio	Change in shares	Action
BlackRock Inc.	3,909,616	$111.3M	0.00%	−194,712−4.7%	Reduced
Conestoga Capital Advisors, LLC	3,855,355	$109.8M	1.59%	+30,461+0.8%	Added
Neuberger Berman Group LLC	3,393,656	$96.6M	0.08%	−21,563−0.6%	Reduced
Artisan Partners Limited Partnership	3,106,002	$88.4M	0.13%	−62,451−2.0%	Reduced
Clearbridge Investments, LLC	2,902,776	$82.6M	0.07%	+184,016+6.8%	Added
Vanguard Group Inc	2,807,589	$79.9M	0.00%	+96,769+3.6%	Added
Riverbridge Partners LLC	1,265,298	$36.0M	0.44%	−2,848−0.2%	Reduced
T. Rowe Price Investment Management, Inc.	1,098,849	$31.3M	0.02%	−1,893−0.2%	Reduced
State Street Corp	970,239	$27.6M	0.00%	+30,658+3.3%	Added
First Light Asset Management, LLC	894,241	$25.5M	1.95%	−646,467−42.0%	Reduced