MINDBODY, Inc. (NASDAQ:MB) insider Bradford Lee Wills sold 1,043 shares of the company’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $28.08, for a total value of $29,287.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bradford Lee Wills also recently made the following trade(s):

  • On Wednesday, June 14th, Bradford Lee Wills sold 260 shares of MINDBODY stock. The shares were sold at an average price of $28.00, for a total value of $7,280.00.
  • On Tuesday, May 16th, Bradford Lee Wills sold 260 shares of MINDBODY stock. The shares were sold at an average price of $27.80, for a total value of $7,228.00.
  • On Thursday, April 27th, Bradford Lee Wills sold 1,043 shares of MINDBODY stock. The shares were sold at an average price of $28.33, for a total value of $29,548.19.
  • On Monday, April 17th, Bradford Lee Wills sold 260 shares of MINDBODY stock. The shares were sold at an average price of $27.80, for a total value of $7,228.00.

Shares of MINDBODY, Inc. (NASDAQ:MB) traded down 1.10% during trading on Thursday, reaching $27.00. The company had a trading volume of 832,121 shares. The stock’s 50-day moving average price is $27.70 and its 200-day moving average price is $26.05. MINDBODY, Inc. has a 52 week low of $15.46 and a 52 week high of $29.75. The company’s market capitalization is $1.11 billion.

MINDBODY (NASDAQ:MB) last posted its quarterly earnings results on Thursday, May 4th. The technology company reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. MINDBODY had a negative net margin of 13.60% and a negative return on equity of 19.36%. The business had revenue of $42.20 million during the quarter, compared to analyst estimates of $42.09 million. During the same period in the previous year, the business posted ($0.12) EPS. The company’s quarterly revenue was up 31.9% on a year-over-year basis. On average, equities analysts expect that MINDBODY, Inc. will post ($0.14) EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc raised its position in MINDBODY by 4.1% in the first quarter. Legal & General Group Plc now owns 4,218 shares of the technology company’s stock valued at $116,000 after buying an additional 166 shares during the period. American International Group Inc. raised its position in MINDBODY by 7.1% in the first quarter. American International Group Inc. now owns 8,871 shares of the technology company’s stock valued at $244,000 after buying an additional 588 shares during the period. Teachers Advisors LLC raised its position in MINDBODY by 4.8% in the fourth quarter. Teachers Advisors LLC now owns 24,524 shares of the technology company’s stock valued at $522,000 after buying an additional 1,132 shares during the period. Nicholas Investment Partners LP raised its position in MINDBODY by 0.7% in the first quarter. Nicholas Investment Partners LP now owns 201,048 shares of the technology company’s stock valued at $5,521,000 after buying an additional 1,329 shares during the period. Finally, Bank of America Corp DE raised its position in MINDBODY by 5.2% in the first quarter. Bank of America Corp DE now owns 35,657 shares of the technology company’s stock valued at $979,000 after buying an additional 1,762 shares during the period. 77.20% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently commented on the company. Pacific Crest lowered MINDBODY from an “overweight” rating to a “sector weight” rating in a research note on Friday, May 5th. Morgan Stanley increased their price target on MINDBODY from $27.00 to $29.00 and gave the company an “equal weight” rating in a research note on Friday, May 5th. BidaskClub raised MINDBODY from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 24th. Roth Capital set a $32.00 price target on MINDBODY and gave the company a “buy” rating in a research note on Tuesday, June 6th. Finally, J P Morgan Chase & Co assumed coverage on MINDBODY in a research note on Friday, June 9th. They set an “overweight” rating and a $38.00 price target for the company. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $28.60.

MINDBODY Company Profile

MINDBODY, Inc is a provider of cloud-based business management software for the wellness services industry and operates as a consumer marketplace with local business subscribers on its platform. The Company’s subscribers provide a range of wellness services to active consumers. Its integrated software and payments platform helps business owners in the wellness services industry run, market and build their businesses.

Insider Buying and Selling by Quarter for MINDBODY (NASDAQ:MB)

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