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Medidata Solutions (NASDAQ:MDSO) announced its earnings results on Tuesday. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.05, AnalystRatingsNetwork.com reports. The company had revenue of $76.60 million for the quarter, compared to the consensus estimate of $79.50 million. During the same quarter in the previous year, the company posted $0.18 earnings per share.

In other Medidata Solutions news, President Vries Glen Michael De unloaded 20,000 shares of the company’s stock on the open market in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $47.71, for a total value of $954,200.00. Following the transaction, the president now directly owns 1,077,574 shares of the company’s stock, valued at approximately $51,411,056. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Several analysts have recently commented on the stock. Analysts at SunTrust initiated coverage on shares of Medidata Solutions in a research note on Tuesday, March 25th. They set a “buy” rating and a $72.00 price target on the stock. On the ratings front, analysts at Citigroup Inc. initiated coverage on shares of Medidata Solutions in a research note on Tuesday, February 18th. They set a “buy” rating on the stock. Finally, analysts at TheStreet downgraded shares of Medidata Solutions from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Medidata Solutions presently has an average rating of “Buy” and an average target price of $105.16.

Medidata Solutions (NASDAQ:MDSO) opened at 52.69 on Tuesday. Medidata Solutions has a 1-year low of $26.505 and a 1-year high of $68.21. The stock’s 50-day moving average is $57.35 and its 200-day moving average is $57.52. The company has a market cap of $2.738 billion and a P/E ratio of 167.58.

Medidata Solutions, Inc (NASDAQ:MDSO) is a global provider of software-as-a-service (SaaS), clinical technology solutions.

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