Insider Selling: Eileen Schloss Unloads 16,847 Shares of Medidata Solutions Stock (MDSO)
Medidata Solutions (NASDAQ:MDSO) EVP Eileen Schloss sold 16,847 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $60.76, for a total transaction of $1,023,623.72. Following the transaction, the executive vice president now directly owns 45,363 shares in the company, valued at approximately $2,756,256. The sale was disclosed in a filing with the SEC, which is available at this link.
MDSO has been the subject of a number of recent research reports. Analysts at Citigroup Inc. initiated coverage on shares of Medidata Solutions in a research note on Tuesday. They set a “buy” rating on the stock. Separately, analysts at TheStreet downgraded shares of Medidata Solutions from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Finally, analysts at Zacks downgraded shares of Medidata Solutions from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 6th. They now have a $68.40 price target on the stock. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $109.30.
Medidata Solutions (NASDAQ:MDSO) traded up 1.39% on Wednesday, hitting $61.21. The stock had a trading volume of 892,465 shares. Medidata Solutions has a 52-week low of $23.69 and a 52-week high of $66.01. The stock’s 50-day moving average is $59.68 and its 200-day moving average is $53.65. The company has a market cap of $3.164 billion and a price-to-earnings ratio of 194.74.
Medidata Solutions (NASDAQ:MDSO) last released its earnings data on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.06. The company had revenue of $74.60 million for the quarter, compared to the consensus estimate of $73.97 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 27.3% on a year-over-year basis. On average, analysts predict that Medidata Solutions will post $0.79 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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