What’s Ahead for Medidata Solutions Incorporated (NASDAQ:MDSO) After More Shorted Shares?

February 15, 2018 - By Marie Mckinney

 What’s Ahead for Medidata Solutions Incorporated (NASDAQ:MDSO) After More Shorted Shares?

Investors sentiment increased to 1.23 in 2017 Q3. Its up 0.06, from 1.17 in 2017Q2. It is positive, as 38 investors sold Medidata Solutions, Inc. shares while 60 reduced holdings. 33 funds opened positions while 88 raised stakes. 59.30 million shares or 4.96% more from 56.50 million shares in 2017Q2 were reported.
Brown Mgmt Limited reported 5.45 million shares. Voya Inv Llc reported 703,604 shares. Qs Invsts Ltd Llc has invested 0% in Medidata Solutions, Inc. (NASDAQ:MDSO). Loomis Sayles Com Limited Partnership has invested 0.07% in Medidata Solutions, Inc. (NASDAQ:MDSO). Riverhead Mngmt Ltd Liability Corp has 0.02% invested in Medidata Solutions, Inc. (NASDAQ:MDSO) for 5,821 shares. American Grp Inc Inc holds 0.04% or 157,494 shares. Alliancebernstein Ltd Partnership reported 88,457 shares or 0.01% of all its holdings. Ftb Advsrs stated it has 0.01% in Medidata Solutions, Inc. (NASDAQ:MDSO). 21,792 are held by Advisors Asset Incorporated. New York-based Clearbridge Invests Limited Liability Com has invested 0.16% in Medidata Solutions, Inc. (NASDAQ:MDSO). Blackrock reported 6.60 million shares. Sg Americas Securities Limited Liability Corp reported 1,896 shares stake. Advantus Capital Mngmt Inc has invested 0.01% of its portfolio in Medidata Solutions, Inc. (NASDAQ:MDSO). Great West Life Assurance Communication Can has invested 0.01% in Medidata Solutions, Inc. (NASDAQ:MDSO). First Trust Advsrs Lp holds 44,389 shares.

Since August 15, 2017, it had 0 insider purchases, and 3 insider sales for $474,820 activity. On Tuesday, August 15 Capone Michael L sold $372,650 worth of Medidata Solutions, Inc. (NASDAQ:MDSO) or 5,000 shares.

The stock of Medidata Solutions Incorporated (NASDAQ:MDSO) registered an increase of 11.09% in short interest. MDSO’s total short interest was 6.11M shares in February as published by FINRA. Its up 11.09% from 5.50M shares, reported previously. With 555,500 shares average volume, it will take short sellers 11 days to cover their MDSO’s short positions. The short interest to Medidata Solutions Incorporated’s float is 11.44%.

The stock increased 4.75% or $3.02 during the last trading session, reaching $66.59. About 625,472 shares traded or 12.04% up from the average. Medidata Solutions, Inc. (NASDAQ:MDSO) has risen 68.37% since February 15, 2017 and is uptrending. It has outperformed by 51.67% the S&P500.

Medidata Solutions, Inc. provides cloud solutions for life sciences worldwide. The company has market cap of $3.90 billion. It offers Medidata Clinical Cloud that provides a software-as-a-service platform of technology and data analytics solutions to optimize activities across clinical development. It has a 89.99 P/E ratio. The companyÂ’s platform solutions includes Plan Study that addresses the areas to ensure optimal study design, grant development and negotiation, and investigator payments; and Support Sites, which provides robust risk management, reduced source document verification, real-time monitoring, on-time, accurate payments.

Medidata Solutions, Inc. (NASDAQ:MDSO) Ratings Coverage

Among 17 analysts covering Medidata Solutions Inc. (NASDAQ:MDSO), 14 have Buy rating, 0 Sell and 3 Hold. Therefore 82% are positive. Medidata Solutions Inc. had 43 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Sunday, October 22 by KeyBanc Capital Markets. The rating was upgraded by Suntrust Robinson to “Buy” on Friday, February 10. The firm earned “Buy” rating on Thursday, October 26 by Piper Jaffray. The stock of Medidata Solutions, Inc. (NASDAQ:MDSO) earned “Hold” rating by Jefferies on Tuesday, July 18. The firm has “Hold” rating by Jefferies given on Friday, June 16. Leerink Swann initiated Medidata Solutions, Inc. (NASDAQ:MDSO) on Tuesday, April 26 with “Market Perform” rating. Dougherty upgraded the stock to “Buy” rating in Monday, November 13 report. The stock of Medidata Solutions, Inc. (NASDAQ:MDSO) earned “Buy” rating by Needham on Thursday, February 11. The company was maintained on Wednesday, October 28 by Stifel Nicolaus. On Friday, September 25 the stock rating was maintained by Topeka Capital Markets with “Hold”.

Another recent and important Medidata Solutions, Inc. (NASDAQ:MDSO) news was published by Seekingalpha.com which published an article titled: “Medidata Solutions’ (MDSO) CEO Tarek Sherif on Q3 2017 Results – Earnings Call …” on October 26, 2017.

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