Medidata Solutions, Inc. (MDSO) President Sells $393,300.00 in Stock
Medidata Solutions, Inc. (NASDAQ:MDSO) President Vries Glen Michael De sold 7,500 shares of the company’s stock in a transaction on Wednesday, January 11th. The stock was sold at an average price of $52.44, for a total transaction of $393,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Vries Glen Michael De also recently made the following trade(s):
- On Wednesday, November 9th, Vries Glen Michael De sold 7,500 shares of Medidata Solutions stock. The stock was sold at an average price of $50.85, for a total transaction of $381,375.00.
Shares of Medidata Solutions, Inc. (NASDAQ:MDSO) opened at 52.71 on Friday. Medidata Solutions, Inc. has a 1-year low of $30.22 and a 1-year high of $57.85. The company has a 50 day moving average of $52.31 and a 200 day moving average of $52.02. The company has a market cap of $2.94 billion, a PE ratio of 120.34 and a beta of 1.54.
Medidata Solutions (NASDAQ:MDSO) last posted its quarterly earnings data on Tuesday, October 25th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.02. The firm earned $120.10 million during the quarter, compared to the consensus estimate of $118.96 million. Medidata Solutions had a net margin of 5.70% and a return on equity of 10.46%. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 EPS. Equities analysts expect that Medidata Solutions, Inc. will post $1.02 earnings per share for the current fiscal year.
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Several equities analysts have commented on the stock. Jefferies Group increased their target price on shares of Medidata Solutions from $36.00 to $41.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 26th. Pacific Crest set a $65.00 target price on shares of Medidata Solutions and gave the stock a “buy” rating in a research report on Sunday, December 4th. Finally, Zacks Investment Research downgraded shares of Medidata Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, January 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $55.20.
Hedge funds have recently bought and sold shares of the stock. Conestoga Capital Advisors LLC increased its stake in Medidata Solutions by 8.9% in the third quarter. Conestoga Capital Advisors LLC now owns 483,890 shares of the company’s stock worth $26,982,000 after buying an additional 39,480 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Medidata Solutions by 7.1% in the third quarter. Ameriprise Financial Inc. now owns 465,406 shares of the company’s stock worth $25,951,000 after buying an additional 30,764 shares in the last quarter. Nationwide Fund Advisors increased its stake in Medidata Solutions by 12.3% in the third quarter. Nationwide Fund Advisors now owns 402,050 shares of the company’s stock worth $22,418,000 after buying an additional 44,035 shares in the last quarter. BlackRock Fund Advisors increased its stake in Medidata Solutions by 4.8% in the third quarter. BlackRock Fund Advisors now owns 3,780,614 shares of the company’s stock worth $210,807,000 after buying an additional 173,397 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in Medidata Solutions by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 7,747 shares of the company’s stock worth $363,000 after buying an additional 934 shares in the last quarter. 99.61% of the stock is owned by hedge funds and other institutional investors.
About Medidata Solutions
Medidata Solutions Inc (Medidata) is a provider of cloud-based solutions for life sciences. The Company provides cloud-based solutions for clinical research in life sciences, offering platform technology that focuses on the clinical development. The Medidata Clinical Cloud provides a platform of technology and data analytics solutions designed to manage activities across clinical development.
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