The Insider and Chief Accounting Officer of LendingTree, Inc. (TREE), Carla Shumate, Sold 4,800 Shares; Trigran Investments Boosted Model N (MODN) Stake By $1.79 Million

February 8, 2018 - By Shannon Black

Trigran Investments Inc increased Model N Inc (MODN) stake by 14.94% reported in 2017Q3 SEC filing. Trigran Investments Inc acquired 127,982 shares as Model N Inc (MODN)’s stock rose 14.81%. The Trigran Investments Inc holds 984,594 shares with $14.72M value, up from 856,612 last quarter. Model N Inc now has $503.26 million valuation. The stock decreased 1.87% or $0.32 during the last trading session, reaching $17.08. About 188,184 shares traded. Model N, Inc. (NYSE:MODN) has risen 18.66% since February 8, 2017 and is uptrending. It has outperformed by 1.96% the S&P500.

Carla Shumate, an insider of Lendingtree Inc, currently Chief Accounting Officer lately disclosed a deal with the SEC. As disclosed in the legal document, Carla Shumate unloaded 4,800 shares of the Pinksheet-listed company, priced at $343.7 per share. $1,649,843 U.S Dollars was the deal’s value. The SEC report’s date was 08-02-2018. Carla Shumate now owns 2,427 shares or 0.02% of Lendingtree Inc’s total market cap (Market Capitalization is a measurement of business value based on share price and number of shares outstanding).

Since August 15, 2017, it had 0 insider buys, and 2 insider sales for $134,059 activity. 6,298 shares were sold by Generalis Amelia, worth $84,078 on Tuesday, September 5.

Among 9 analysts covering Model N Inc (NYSE:MODN), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Model N Inc had 11 analyst reports since February 16, 2016 according to SRatingsIntel. Dougherty & Company reinitiated the stock with “Buy” rating in Tuesday, December 19 report. The stock of Model N, Inc. (NYSE:MODN) has “Hold” rating given on Tuesday, December 13 by Craig Hallum. The company was upgraded on Wednesday, February 7 by JMP Securities. The stock of Model N, Inc. (NYSE:MODN) has “Hold” rating given on Wednesday, November 16 by Stifel Nicolaus. The company was downgraded on Tuesday, August 9 by JMP Securities. On Friday, November 11 the stock rating was upgraded by JP Morgan to “Overweight”. The stock of Model N, Inc. (NYSE:MODN) earned “Buy” rating by Craig Hallum on Tuesday, February 16. The firm has “Hold” rating by J.P. Morgan given on Tuesday, December 12. The firm has “Buy” rating by Deutsche Bank given on Tuesday, August 9.

Investors sentiment decreased to 1.62 in Q3 2017. Its down 0.77, from 2.39 in 2017Q2. It turned negative, as 8 investors sold MODN shares while 18 reduced holdings. 17 funds opened positions while 25 raised stakes. 16.24 million shares or 1.63% more from 15.98 million shares in 2017Q2 were reported. 1,821 were accumulated by Group Incorporated One Trading Limited Partnership. Goldman Sachs Group holds 0% or 18,743 shares in its portfolio. Jacobs Levy Equity Management Inc invested 0% in Model N, Inc. (NYSE:MODN). Alliancebernstein LP reported 16,700 shares. Morgan Stanley reported 0% in Model N, Inc. (NYSE:MODN). The Washington-based Parametric Portfolio Associates Limited Liability Company has invested 0% in Model N, Inc. (NYSE:MODN). The Ontario – Canada-based Manufacturers Life Insur The has invested 0% in Model N, Inc. (NYSE:MODN). Deutsche National Bank Ag has 0% invested in Model N, Inc. (NYSE:MODN) for 153,750 shares. 213,019 are held by Geode Cap Mngmt Ltd Com. Royal Comml Bank Of Canada accumulated 2,051 shares. Emerald Advisers Incorporated Pa stated it has 0.47% of its portfolio in Model N, Inc. (NYSE:MODN). Product Ptnrs Lc reported 47,799 shares. Schwab Charles Inv Mngmt has 45,800 shares for 0% of their portfolio. Trexquant LP holds 0.04% or 10,272 shares in its portfolio. Moreover, Ameritas Investment Partners has 0% invested in Model N, Inc. (NYSE:MODN) for 1,727 shares.

Analysts await LendingTree, Inc. (NASDAQ:TREE) to report earnings on February, 22. They expect $0.71 earnings per share, up 2.90% or $0.02 from last year’s $0.69 per share. TREE’s profit will be $8.50 million for 120.42 P/E if the $0.71 EPS becomes a reality. After $0.88 actual earnings per share reported by LendingTree, Inc. for the previous quarter, Wall Street now forecasts -19.32% negative EPS growth.

Since October 11, 2017, it had 0 insider buys, and 7 insider sales for $7.76 million activity. 4,000 shares valued at $1.40 million were sold by LEBDA DOUGLAS R on Wednesday, January 3. 1,500 LendingTree, Inc. (NASDAQ:TREE) shares with value of $400,620 were sold by Salvage Neil. OZONIAN STEVEN sold $530,160 worth of stock or 2,000 shares.

Investors sentiment increased to 1.3 in 2017 Q3. Its up 0.17, from 1.13 in 2017Q2. It improved, as 14 investors sold LendingTree, Inc. shares while 63 reduced holdings. 35 funds opened positions while 65 raised stakes. 8.39 million shares or 0.09% more from 8.38 million shares in 2017Q2 were reported. Partner Fund Management Ltd Partnership has 0.42% invested in LendingTree, Inc. (NASDAQ:TREE) for 86,982 shares. Riverhead Capital Management Ltd Liability reported 500 shares. The Texas-based Employees Retirement Of Texas has invested 0.03% in LendingTree, Inc. (NASDAQ:TREE). Everence Cap Mgmt invested 0.05% of its portfolio in LendingTree, Inc. (NASDAQ:TREE). Arrowgrass Prns (Us) Lp has 0.06% invested in LendingTree, Inc. (NASDAQ:TREE) for 35,700 shares. Emerald Mutual Fund Advisers holds 298,039 shares. Barclays Public Limited Liability stated it has 0% in LendingTree, Inc. (NASDAQ:TREE). 1,646 are held by Piedmont Inv Llc. Comml Bank Of Ny Mellon owns 99,817 shares for 0.01% of their portfolio. Northern Trust holds 88,592 shares. Arizona-based Tci Wealth Advsrs has invested 0% in LendingTree, Inc. (NASDAQ:TREE). Bancorporation Of America Corporation De has 0% invested in LendingTree, Inc. (NASDAQ:TREE) for 93,605 shares. Ny State Common Retirement Fund holds 0.01% or 17,866 shares. Royal Savings Bank Of Canada accumulated 4,100 shares. Cornerstone Capital Mgmt Ltd Liability Corporation reported 0% stake.

LendingTree, Inc., through its subsidiary, LendingTree, LLC, operates an online loan marketplace for clients seeking loans and other credit offerings in the United States. The company has market cap of $4.09 billion. The firm offers tools and resources, including free credit scores that facilitate comparison shopping for these loans and other credit offerings. It has a 149.87 P/E ratio. The Company’s mortgage products comprise purchase and refinance products.