Insider Selling: Bryan Charles Spielman Unloads 20,000 Shares of Medidata Solutions Stock (MDSO)
Medidata Solutions (NASDAQ:MDSO) EVP Bryan Charles Spielman sold 20,000 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $47.73, for a total value of $954,600.00. Following the sale, the executive vice president now directly owns 62,453 shares in the company, valued at approximately $2,980,882. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. 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 given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $57.40.
Shares of Medidata Solutions (NASDAQ:MDSO) traded down 0.17% on Wednesday, hitting $46.18. The stock had a trading volume of 439,696 shares. 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 $43.14 and a 200-day moving average of $47.01. The company has a market cap of $2.435 billion and a price-to-earnings ratio of 379.18.
Medidata Solutions (NASDAQ:MDSO) last posted its quarterly 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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