Model N Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NYSE:MODN Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
16 Feb 24	SellUS$149,390	Mark Anderson	Individual	5,663	US$26.38
16 Feb 24	SellUS$724,025	Jason Blessing	Individual	27,446	US$26.38
16 Feb 24	SellUS$217,398	John Ederer	Individual	8,241	US$26.38
16 Feb 24	SellUS$196,689	Suresh Kannan	Individual	7,456	US$26.38
16 Feb 24	SellUS$207,400	Chris Lyon	Individual	7,862	US$26.38
16 Feb 24	SellUS$146,778	Rehmann Rayani	Individual	5,564	US$26.38
16 Feb 24	SellUS$125,833	Laura Selig	Individual	4,770	US$26.38
14 Feb 24	SellUS$134,400	David Yarnold	Individual	5,000	US$26.88
05 Dec 23	SellUS$117,050	Rehmann Rayani	Individual	5,000	US$23.41
29 Nov 23	SellUS$246,033	Chris Lyon	Individual	10,614	US$23.18
16 Nov 23	SellUS$216,166	Jason Blessing	Individual	9,419	US$22.95
16 Nov 23	SellUS$102,862	John Ederer	Individual	4,482	US$22.95
16 Nov 23	SellUS$132,077	Suresh Kannan	Individual	5,755	US$22.95
16 Nov 23	SellUS$99,259	Rehmann Rayani	Individual	4,325	US$22.95
16 Nov 23	SellUS$81,450	Laura Selig	Individual	3,549	US$22.95
16 Nov 23	SellUS$117,389	Mark Anderson	Individual	5,115	US$22.95
16 Nov 23	SellUS$148,211	Chris Lyon	Individual	6,458	US$22.95
16 Aug 23	SellUS$72,079	Mark Anderson	Individual	2,577	US$27.97
16 Aug 23	SellUS$268,764	Jason Blessing	Individual	9,609	US$27.97
16 Aug 23	SellUS$90,539	John Ederer	Individual	3,237	US$27.97
16 Aug 23	SellUS$132,270	Suresh Kannan	Individual	4,729	US$27.97
16 Aug 23	SellUS$103,293	Chris Lyon	Individual	3,693	US$27.97
16 Aug 23	SellUS$76,022	Rehmann Rayani	Individual	2,718	US$27.97
16 Aug 23	SellUS$57,366	Laura Selig	Individual	2,051	US$27.97
16 May 23	SellUS$101,951	Mark Anderson	Individual	3,561	US$28.63
16 May 23	SellUS$358,591	Jason Blessing	Individual	12,525	US$28.63
16 May 23	SellUS$81,023	Laura Selig	Individual	2,830	US$28.63
16 May 23	SellUS$127,117	John Ederer	Individual	4,440	US$28.63
16 May 23	SellUS$167,314	Suresh Kannan	Individual	5,844	US$28.63
16 May 23	SellUS$103,583	Rehmann Rayani	Individual	3,618	US$28.63
16 May 23	SellUS$183,232	Chris Lyon	Individual	6,400	US$28.63

Insider Trading Volume

Insider Buying: MODN insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of MODN?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	8,725	0.0202%
Individual Insiders	4,047,970	9.39%
Institutions	39,051,896	90.6%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.5%.

Top Shareholders

Top 25 shareholders own 84.51% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
10.4%	BlackRock, Inc.	4,104,328	US$121.9m	11.2%	no data
9.78%	Conestoga Capital Advisors, LLC	3,855,355	US$114.5m	0.8%	1.74%
8.66%	Neuberger Berman Investment Advisers LLC	3,415,219	US$101.4m	-0.87%	0.08%
8.04%	Artisan Partners Limited Partnership	3,168,453	US$94.1m	-4.28%	0.08%
6.9%	ClearBridge Investments, LLC	2,718,760	US$80.7m	8.21%	0.06%
6.88%	The Vanguard Group, Inc.	2,710,820	US$80.5m	2.49%	no data
3.91%	First Light Asset Management, LLC	1,540,708	US$45.8m	-18.3%	4.2%
3.21%	Riverbridge Partners, LLC	1,265,298	US$37.6m	-0.22%	0.48%
2.83%	T. Rowe Price Group, Inc.	1,117,567	US$33.2m	7,140%	no data
2.38%	State Street Global Advisors, Inc.	939,581	US$27.9m	10%	no data
2.38%	Ranger Investment Management, L.P.	937,846	US$27.9m	8.17%	1.72%
2.29%	Jason Blessing	904,351	US$26.9m	148%	no data
2.03%	Nic Liberman	800,000	US$23.8m	0%	no data
1.98%	Renaissance Technologies LLC	778,926	US$23.1m	-12.1%	0.03%
1.95%	Geode Capital Management, LLC	767,755	US$22.8m	6.57%	no data
1.46%	Morgan Stanley, Investment Banking and Brokerage Investments	574,322	US$17.1m	299%	no data
1.43%	Bares Capital Management, Inc.	565,000	US$16.8m	63.8%	0.68%
1.28%	Stephens Investment Management Group, LLC	506,371	US$15.0m	38%	0.21%
1.18%	Northern Trust Global Investments	466,586	US$13.9m	-2.75%	no data
1.05%	Dimensional Fund Advisors LP	414,532	US$12.3m	0.5%	no data
1.03%	Millennium Management LLC	405,601	US$12.0m	-41.7%	0.01%
1.01%	Laini Liberman	400,000	US$11.9m	0%	no data
0.83%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	328,730	US$9.8m	-8.89%	no data
0.82%	Bessemer Investment Management LLC	324,421	US$9.6m	-15.8%	0.02%
0.78%	John Ederer	307,127	US$9.1m	674%	no data