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|
Type
|
Public |
|---|---|
| Traded as | NYSE: MODN |
| Founded | 1999 (1999) |
| Founder | Zack Rinat |
| Headquarters | Redwood City, United States |
|
Area served
|
Worldwide |
|
Key people
|
|
| Revenue | US$100,000,000 (2014) |
|
Number of employees
|
600 (2014) |
| Website | www.modeln.com |
Model N, Inc. is a public American software company founded in 1999 and headquartered in Redwood City, California. The name "Model N" refers to "model next", as in 'the next big thing', according to founder Zack Rinat. The company's focus is on revenue management software, based on developments by Rinat, initially for pharmaceutical and medical device companies.
In 2004, the company added a Medicaid Claims Processing application to its Revenue Management Suite main product, making it the "first Medicaid solution integrated with commercial revenue management".
In the spring of 2006, Model N completed an acquisition of Azerity, a software company that focused on pricing and quoting practices for the high tech industry. Due to this acquisition, Model N serves high tech customers such as ON Semiconductor and Dell. In early 2012, Model N acquired LeapFrogRX, an analytics company based in Waltham, Massachusetts.
In 2013, the company went public under the New York Stock Exchange ticker symbol MODN, raising about US$100,000,000. Venture capital firm Accel-KKR backed the initial public offering.
In November of 2013, Model N released CPQ (Configure Price Quote) software known as REVVY CPQ.
As of 2014, customers of Model N include Merck, Amgen, Johnson & Johnson among pharmaceutical companies; and Dell, Nokia and VMware among technology companies. Model N is also a provider of revenue management solutions for about 1 in 5 semiconductor companies globally.
Model N's founder and executive chairman is Zack Rinat. In 2016, Edward Sander was announced as chief executive officer (CEO), replacing Rinat. In 2014, Mark Tisdel and Shail Khiyara were appointed to the posts of chief financial officer (CFO) and chief marketing officer (CMO), respectively. Tisdel replaces CFO Sujan Jain. As of 2014, Charles Robel is the company's lead director, and Sarah Friar is among the directors.
Zack Rinat was born around 1959 and has served as a commander in the "Israeli special-forces". Prior to founding Model N, Rinat co-founded the software company NetDynamics, which was purchased by Sun Microsystems in 1998.
Coordinates: 37°32′13″N 122°15′30″W / 37.537°N 122.2584°W / 37.537; -122.2584
| Period | Date | Adjusted Actuals EPS | GAAP EPS |
|---|---|---|---|
| Q4 2022 | 2022-11-07 | Future report Set alerts | |
| Q3 2022 | 2022-08-09 | 0.23 | 0.23 |
| Q2 2022 | 2022-05-10 | 0.00 | 0.00 |
| Q1 2022 | 2022-02-08 | 0.15 | 0.15 |
| Q4 2021 | 2021-11-09 | 0.18 | 0.18 |
| Q3 2021 | 2021-08-09 | 0.16 | 0.16 |
| Q2 2021 | 2021-05-10 | 0.04 | 0.04 |
| Q1 2021 | 2021-02-09 | 0.16 | 0.16 |
| Q4 2020 | 2020-11-10 | 0.00 | 0.00 |
| Q3 2020 | 2020-08-04 | 0.15 | -0.07 |
| 2016-05-10 | Reiterated Rating | Deutsche Bank | Buy | $18.00 |
| 2016-05-10 | Reiterated Rating | Deutsche Bank AG | Buy | $18.00 |
| 2016-02-24 | Reiterated Rating | Deutsche Bank | Buy | $18.00 |
| 2016-02-16 | Initiated Coverage | Craig Hallum | Buy | $17.00 |
| 2016-02-09 | Reiterated Rating | Deutsche Bank | Buy | $18.00 |
| 2015-11-11 | Reiterated Rating | Deutsche Bank | Buy | $18.00 |
| 2015-08-11 | Reiterated Rating | Deutsche Bank | Buy | $18.00 |
| 2015-07-07 | Initiated Coverage | JMP Securities | Outperform | $20.00 |
| 2015-05-12 | Reiterated Rating | Deutsche Bank | Buy | $18.00 |
| 2014-07-09 | Initiated Coverage | Northland Securities | Outperform | $13.00 |
| 2014-05-02 | Reiterated Rating | Deutsche Bank | Buy | $18.00 |
| 2014-02-11 | Boost Price Target | Deutsche Bank | Buy | $12.00 to $18.00 |
| 2013-11-20 | Reiterated Rating | Stifel Nicolaus | Hold | $25.00 |
| 2013-11-20 | Lower Price Target | Deutsche Bank | Buy | $15.00 to $12.00 |
| 2016-05-10 | Reiterated Rating | Deutsche Bank | Buy | $18.00 |
| 2016-05-10 | Reiterated Rating | Deutsche Bank AG | Buy | $18.00 |
| 2016-02-24 | Reiterated Rating | Deutsche Bank | Buy | $18.00 |
| 2016-02-16 | Initiated Coverage | Craig Hallum | Buy | $17.00 |
| 2016-02-09 | Reiterated Rating | Deutsche Bank | Buy | $18.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In MODN 131 funds of 2213 total. Show all
| Fund name | Ticker shares |
|---|---|
| Conestoga Capital Advisors, LLC | 4.87M |
| Neuberger Berman Group LLC | 3.15M |
| Artisan Partners Limited Partnership | 3.10M |
| BlackRock Inc. | 2.95M |
| First Light Asset Management, LLC | 2.61M |
| Clearbridge Investments, LLC | 2.32M |
| Vanguard Group, Inc | 2.00M |
| RIVERBRIDGE PARTNERS LLC | 1.43M |
| RENAISSANCE TECHNOLOGIES LLC | 0.81M |
| STATE STREET CORP | 0.76M |
| EMERALD ADVISERS INC/PA | 0.72M |
| BlackRock Fund Advisors | 0.72M |
| Bares Capital Management, Inc. | 0.61M |
| GEODE CAPITAL MANAGEMENT, LLC | 0.60M |
| EMERALD MUTUAL FUND ADVISERS TRUST | 0.59M |
| Name Relationship | Total Shares | Holding stocks |
|---|---|---|
| Rinat Zack CHAIRMAN & CEO | 10.79% (2682208) | MODN / |
| ACCEL-KKR INTERNET CO LLC | 4.54% (1127737) | MODN / |
| ACCEL-KKR CO LLC | 4.54% (1127737) | MODN / |
| Sander, Edward Chief Executive Officer | 1.69% (419512) | MODN / |
| Tisdel Mark SVP & Chief Financial Officer | 1.21% (301345) | MODN / |
| Mellott Russell SVP and Chief Revenue Officer | 0.66% (164377) | MODN / |
| Barter David SVP, Chief Financial Officer | 0.56% (139772) | MODN / |
| LARSEN CHRISTOPHER SVP and Chief Sales Officer | 0.54% (134456) | MODN / |
| ACCEL VIII ASSOCIATES LLC | 0.51% (126071) | MODN / |
| BREYER JAMES | 0.51% (126071) | BCOV / BX / FOXA / MODN / |
| Anderson, Mark, Albert SVP, Global Services | 0.47% (116797) | MODN / |
| Gokhale Neeraj SVP, Chief Product Officer | 0.39% (97339) | MODN / |
| Jain Sujan SVP & CFO | 0.36% (90000) | MODN / |
| Khiyara Shail SVP & Chief Marketing Officer | 0.35% (86411) | MODN / |
| ROBEL CHARLES J | 0.34% (84961) | ADSK / INFA / JIVE / MODN / PANW / |
| Miller, David, Steven SVP, Product Marketing | 0.29% (71023) | MODN / |
| Generalis Amelia SVP, Chief People Officer | 0.28% (70436) | MODN / |
| Bonnette David | 0.27% (67514) | MODN / |
| Carrasquilla Eric SVP, Product Management | 0.24% (59691) | MODN / |
| LaRoche Michael SVP, Global Cust. Svcs & Suppt | 0.20% (49626) | MODN / |
| LESLIE MARK | 0.19% (47911) | MODN / |
| GARRETT MARK | 0.18% (45094) | ADBE / CSCO / INFA / MODN / |
| Henricks Alan S. | 0.16% (40778) | ATEN / ELLI / MODN / |
| Friar Sarah | 0.13% (31485) | MODN / NEWR / WMT / |
| Fisher Melissa B | 0.12% (30589) | DGIT / ISNS / MODN / QLYS / |
| Adams Timothy M | 0.11% (26628) | ATHN / DWRE / MODN / |
| Dail Baljit | 0.08% (18729) | MODN / |
| Larson James | 0.07% (17062) | JIVE / MODN / |
| Meritech Management Associates II L.L.C. | 0.05% (13183) | MODN / |
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