Medidata Solutions Inc (NASDAQ:MDSO) EVP Daniel Patrick Shannon sold 19,725 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $75.17, for a total transaction of $1,482,728.25. Following the completion of the sale, the executive vice president now owns 70,497 shares in the company, valued at approximately $5,299,259.49. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
NASDAQ:MDSO traded up $1.25 on Friday, hitting $76.21. The stock had a trading volume of 439,080 shares, compared to its average volume of 485,942. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.71 and a current ratio of 2.71. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of 79.39, a price-to-earnings-growth ratio of 5.10 and a beta of 1.36. Medidata Solutions Inc has a 1 year low of $60.10 and a 1 year high of $88.87.
Medidata Solutions (NASDAQ:MDSO) last posted its quarterly earnings data on Tuesday, February 12th. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.08. The firm had revenue of $167.19 million during the quarter, compared to analyst estimates of $168.08 million. Medidata Solutions had a net margin of 8.17% and a return on equity of 10.03%. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter last year, the business posted $0.41 EPS. As a group, sell-side analysts forecast that Medidata Solutions Inc will post 0.8 earnings per share for the current year.
Large investors have recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Medidata Solutions during the 4th quarter worth approximately $46,802,000. Polen Capital Management LLC boosted its holdings in Medidata Solutions by 8,218.5% in the 3rd quarter. Polen Capital Management LLC now owns 616,652 shares of the company’s stock worth $45,207,000 after buying an additional 609,239 shares during the period. Nikko Asset Management Americas Inc. boosted its holdings in Medidata Solutions by 50.3% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 1,078,390 shares of the company’s stock worth $72,705,000 after buying an additional 361,023 shares during the period. Credit Suisse AG boosted its holdings in Medidata Solutions by 55.2% in the 3rd quarter. Credit Suisse AG now owns 785,586 shares of the company’s stock worth $57,592,000 after buying an additional 279,402 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in Medidata Solutions by 45.5% in the 3rd quarter. Alliancebernstein L.P. now owns 876,648 shares of the company’s stock worth $64,267,000 after buying an additional 274,315 shares during the period.
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About Medidata Solutions
Medidata Solutions, Inc provides cloud-based solutions for life sciences worldwide. It offers the Medidata Clinical Cloud, a platform, pioneering analytics, and clinical technology for the development of new therapies. The company's platform solutions include data capture and management and trial planning and management.
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