Insider Selling: Michael I. Otner Unloads 10,000 Shares of Medidata Solutions Stock (MDSO)
Medidata Solutions (NASDAQ:MDSO) EVP Michael I. Otner sold 10,000 shares of the stock on the open market in a transaction dated Thursday, August 7th. The stock was sold at an average price of $44.84, for a total transaction of $448,400.00. Following the completion of the transaction, the executive vice president now directly owns 63,609 shares in the company, valued at approximately $2,852,228. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on MDSO shares. Analysts at Stifel Nicolaus raised their price target on shares of Medidata Solutions from $47.00 to $55.00 in a research note on Thursday, July 31st. Separately, analysts at Topeka Capital Markets reiterated a “buy” rating on shares of Medidata Solutions in a research note on Wednesday, July 30th. They now have a $50.00 price target on the stock, up previously from $49.00. Finally, analysts at Jefferies Group raised their price target on shares of Medidata Solutions from $50.00 to $53.00 in a research note on Wednesday, July 30th. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Medidata Solutions presently has a consensus rating of “Buy” and an average price target of $57.45.
Medidata Solutions (NASDAQ:MDSO) traded up 1.75% on Monday, hitting $45.85. 393,370 shares of the company’s stock traded hands. Medidata Solutions has a 52 week low of $32.10 and a 52 week high of $68.21. The stock has a 50-day moving average of $42.13 and a 200-day moving average of $48.1. The company has a market cap of $2.418 billion and a price-to-earnings ratio of 369.34.
Medidata Solutions (NASDAQ:MDSO) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.18 by $0.01. The company had revenue of $83.20 million for the quarter, compared to the consensus estimate of $81.90 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 22.2% on a year-over-year basis. Analysts expect that Medidata Solutions will post $0.76 EPS 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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