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Medidata Solutions (NASDAQ:MDSO) EVP Steven Isaac Hirschfeld sold 23,801 shares of the stock on the open market in a transaction dated Friday, August 22nd. The stock was sold at an average price of $44.00, for a total transaction of $1,047,244.00. Following the transaction, the executive vice president now directly owns 68,488 shares of the company’s stock, valued at approximately $3,013,472. The sale was disclosed in a filing with the SEC, which is available at this link.

A number of research firms have recently commented on MDSO. 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 analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $57.40.

Shares of Medidata Solutions (NASDAQ:MDSO) traded up 1.43% on Monday, hitting $44.69. The stock had a trading volume of 366,657 shares. Medidata Solutions has a 52 week low of $32.10 and a 52 week high of $68.21. The stock’s 50-day moving average is $42.86 and its 200-day moving average is $47.0. The company has a market cap of $2.356 billion and a P/E ratio of 361.15.

Medidata Solutions (NASDAQ:MDSO) last announced its earnings results on Tuesday, July 29th. The company reported $0.17 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.36 earnings per share. Medidata Solutions’s revenue was up 22.2% compared to the same quarter last year. 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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