Insider Selling: Michael Otner Sells 5,071 Shares of Medidata Solutions Stock (MDSO)
Medidata Solutions (NASDAQ:MDSO) EVP Michael Otner sold 5,071 shares of the company’s stock on the open market in a transaction dated Monday, October 28th. The stock was sold at an average price of $117.45, for a total transaction of $595,588.95. Following the sale, the executive vice president now directly owns 20,879 shares of the company’s stock, valued at approximately $2,452,239. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
MDSO has been the subject of a number of recent research reports. Analysts at Needham & Company raised their price target on shares of Medidata Solutions from $92.00 to $135.00 in a research note to investors on Friday, October 25th. They now have a “buy” rating on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Medidata Solutions in a research note to investors on Friday, October 25th. They now have a $145.00 price target on the stock, up previously from $105.00. Finally, analysts at B. Riley raised their price target on shares of Medidata Solutions from $75.00 to $93.00 in a research note to investors on Tuesday, October 22nd. They now have a “neutral” rating on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $99.73.
Medidata Solutions (NASDAQ:MDSO) traded down 4.50% during mid-day trading on Wednesday, hitting $109.228. 343,009 shares of the company’s stock traded hands. Medidata Solutions has a 1-year low of $31.30 and a 1-year high of $99.79. The stock’s 50-day moving average is $89.9 and its 200-day moving average is $71.32. The company has a market cap of $2.921 billion and a P/E ratio of 133.47.
Medidata Solutions (NASDAQ:MDSO) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.33 by $0.07. The company had revenue of $70.90 million for the quarter, compared to the consensus estimate of $70.74 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 27.1% on a year-over-year basis. On average, analysts predict that Medidata Solutions will post $1.43 earnings per share for the current fiscal year.
Medidata Solutions, Inc (NASDAQ:MDSO) is a global provider of software-as-a-service (SaaS), clinical technology solutions.
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