Monday, November 06, 2017 10:15 PM ET
Insider Sales at Medidata Solutions (MDSO) are Significant and Extend the Selling Trend of Last Quarter
There was significant net selling of Medidata Solutions shares today, as reported in filings with the SEC. Two insiders — Glen Michael de Vries, Director and Officer, and Tarek Sherif, Director and Officer — disposed of 400,000 shares in the company having a market value of approximately $27,504,000. In the past 90 days prior to this transaction there was one insider buy/sell transaction which resulted in the sale of 5,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 405,000 shares and have averaged 135,000 shares per transaction over this time period.
The number of insider buy/sell trades at Medidata Solutions is greater than the 156 peer company average over the last 90-day period. The IT Services & Consulting peer group saw 267 buy/sell trades during this period for an average of 1.7 transactions per company. The number of shares per buy/sell trade for Medidata Solutions insiders was also higher. Within the peer group there were 1,801,089 shares purchased and 16,454,181 shares sold with company insiders selling 54,880 shares on average.
The data obtained in creating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
Today’s Insider Activity
* Glen Michael de Vries, Director and Officer, sold 200,000 shares
* Tarek Sherif, Director and Officer, sold 200,000 shares
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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