Medidata Solutions Inc (MDSO) EVP Daniel Patrick Shannon Sells 19,725 Shares

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.

MDSO has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered shares of Medidata Solutions from a “neutral” rating to an “underweight” rating in a report on Thursday, December 13th. Leerink Swann initiated coverage on shares of Medidata Solutions in a report on Wednesday, January 2nd. They issued a “market perform” rating and a $70.00 target price on the stock. Piper Jaffray Companies decreased their price objective on shares of Medidata Solutions to $83.00 and set an “overweight” rating for the company in a research note on Friday, January 4th. BidaskClub upgraded shares of Medidata Solutions from a “hold” rating to a “buy” rating in a research note on Wednesday, January 30th. Finally, TheStreet lowered shares of Medidata Solutions from a “b” rating to a “c+” rating in a research note on Thursday, December 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. Medidata Solutions presently has an average rating of “Hold” and an average target price of $83.64.

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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