The CFO of Medidata Solutions (MDSO) is Buying Shares


Today, the CFO of Medidata Solutions (NASDAQ: MDSO), Rouven Bergmann, bought shares of MDSO for $1.07M.

This recent transaction increases Rouven Bergmann’s holding in the company by 25.36% to a total of $6.52 million. Following Rouven Bergmann’s last MDSO Buy transaction on May 23, 2018, the stock climbed by 6.5%.

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Based on Medidata Solutions’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $156 million and quarterly net profit of $16.59 million. In comparison, last year the company earned revenue of $137 million and had a net profit of $8.25 million. MDSO’s market cap is $4.93B and the company has a P/E ratio of 93.90. Currently, Medidata Solutions has an average volume of 290.9K.

Six different firms, including RBC Capital and Deutsche Bank, currently also have a Buy rating on the stock. Based on 10 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $87.50, reflecting a 5.7% upside.

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Medidata Solutions, Inc. provides cloud based solutions for life sciences for customer’s clinical development processes including concept, conclusion, research optimization, and development investments. Its cloud-based technology including its unified platform, pioneering analytics, and clinical technology allows the development of new therapies pharmaceutical companies, biotech, and medical device firms, academic medical centers and contract research organizations around the world. It operates through the following geographical segments: United States, Japan, and Other. The company was founded by Glen M. de Vries, Edward F. Ikeguchi and Tarek A. Sherif in June 1999 and is headquartered in New York, NY.

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