Have Model N, Inc. (NYSE:MODN) Insiders Been Selling Their Stock?

We note that the Model N, Inc. (NYSE:MODN) Senior VP & Chief People Officer, Laura Selig, recently sold US$43k worth of stock for US$33.03 per share. However we note that the sale only shrunk their holding by 2.8%.

Check out our latest analysis for Model N

Model N Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the Senior VP & CFO, David Barter, for US$856k worth of shares, at about US$34.24 per share. So we know that an insider sold shares at around the present share price of US$33.47. While we don’t usually like to see insider selling, it’s more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

In the last year Model N insiders didn’t buy any company stock. You can see the insider transactions (by individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

NYSE:MODN Recent Insider Trading, February 21st 2020
NYSE:MODN Recent Insider Trading, February 21st 2020

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Insider Ownership of Model N

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Model N insiders own 19% of the company, currently worth about US$207m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Do The Model N Insider Transactions Indicate?

Insiders sold stock recently, but they haven’t been buying. And even if we look to the last year, we didn’t see any purchases. It is good to see high insider ownership, but the insider selling leaves us cautious. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

Of course Model N may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.