Is Selling Stock Like Medidata Solutions, Inc. (MDSO) After This Multiple Bottom Pattern Winning Strategy?

April 25, 2018 - By Peter Erickson

Medidata Solutions, Inc. (NASDAQ:MDSO) Logo

Investors sentiment increased to 1.71 in 2017 Q4. Its up 0.48, from 1.23 in 2017Q3. It is positive, as 22 investors sold Medidata Solutions, Inc. shares while 61 reduced holdings. 49 funds opened positions while 93 raised stakes. 61.06 million shares or 2.97% more from 59.30 million shares in 2017Q3 were reported.
Oregon Pub Employees Retirement Fund holds 20,438 shares or 0.03% of its portfolio. 20,735 were accumulated by Sirios Ltd Partnership. Thematic Prtn Limited Company holds 2.99% in Medidata Solutions, Inc. (NASDAQ:MDSO) or 1.43M shares. Kames Cap Public Limited Co holds 0.04% of its portfolio in Medidata Solutions, Inc. (NASDAQ:MDSO) for 25,521 shares. Miles Cap invested 0.13% of its portfolio in Medidata Solutions, Inc. (NASDAQ:MDSO). Shelton Cap Mgmt, California-based fund reported 4,277 shares. Summit Creek Advisors Lc holds 81,060 shares or 0.96% of its portfolio. Teachers Retirement Sys Of The State Of Kentucky reported 10,900 shares. Delta Asset Ltd Liability Corporation Tn has invested 0% of its portfolio in Medidata Solutions, Inc. (NASDAQ:MDSO). Pub Sector Pension Investment Board reported 9,700 shares. Atlantic Trust Group Incorporated reported 125 shares. Piermont Capital Mgmt has invested 0.12% in Medidata Solutions, Inc. (NASDAQ:MDSO). Private Advsr holds 0.16% in Medidata Solutions, Inc. (NASDAQ:MDSO) or 7,400 shares. Ww Asset Mngmt Inc owns 0.01% invested in Medidata Solutions, Inc. (NASDAQ:MDSO) for 3,489 shares. Ls Invest Advsr Limited Liability Company has invested 0.03% in Medidata Solutions, Inc. (NASDAQ:MDSO).

Since December 19, 2017, it had 0 buys, and 9 insider sales for $4.86 million activity. Shares for $1.88M were sold by de Vries Glen Michael on Friday, March 9. $1.89 million worth of Medidata Solutions, Inc. (NASDAQ:MDSO) shares were sold by Sherif Tarek.

The stock of Medidata Solutions, Inc. (MDSO) shows a multiple bottoms pattern with $66.66 target or 6.00 % below today’s $70.92 share price. The 6 months chart pattern indicates high risk for the $4.20B company. It was reported on Apr, 25 by Finviz.com. If the $66.66 price target is reached, the company will be worth $251.88 million less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock decreased 2.19% or $1.59 during the last trading session, reaching $70.92. About 497,949 shares traded. Medidata Solutions, Inc. (NASDAQ:MDSO) has risen 13.38% since April 25, 2017 and is uptrending. It has outperformed by 1.83% the S&P500.

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

Among 10 analysts covering Medidata Solutions (NASDAQ:MDSO), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Medidata Solutions had 13 analyst reports since October 26, 2017 according to SRatingsIntel. The rating was maintained by KeyBanc Capital Markets with “Buy” on Wednesday, January 3. The rating was maintained by Morgan Stanley on Friday, February 9 with “Overweight”. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, February 8. The rating was maintained by SunTrust with “Buy” on Monday, January 22. On Friday, April 20 the stock rating was maintained by Needham with “Buy”. Piper Jaffray maintained Medidata Solutions, Inc. (NASDAQ:MDSO) on Thursday, February 8 with “Buy” rating. Deutsche Bank initiated Medidata Solutions, Inc. (NASDAQ:MDSO) rating on Friday, December 8. Deutsche Bank has “Buy” rating and $78.0 target. Wells Fargo upgraded the stock to “Buy” rating in Friday, December 1 report. The rating was maintained by Piper Jaffray on Thursday, October 26 with “Buy”. Jefferies maintained the shares of MDSO in report on Thursday, February 8 with “Hold” rating.

Medidata Solutions, Inc. (NASDAQ:MDSO) Institutional Positions Chart

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