MINDBODY, Inc. (NASDAQ:MB) CFO Brett T. White sold 10,000 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Brett T. White also recently made the following trade(s):

  • On Friday, July 28th, Brett T. White sold 10,000 shares of MINDBODY stock. The stock was sold at an average price of $25.87, for a total transaction of $258,700.00.

MINDBODY, Inc. (NASDAQ MB) traded up 2.43% during trading on Thursday, reaching $25.30. 459,994 shares of the company traded hands. The company’s market capitalization is $1.17 billion. The firm has a 50-day moving average price of $24.25 and a 200-day moving average price of $26.40. MINDBODY, Inc. has a 52 week low of $16.71 and a 52 week high of $29.75.

MINDBODY (NASDAQ:MB) last issued its quarterly earnings data on Wednesday, July 26th. The technology company reported ($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.04. The business had revenue of $44.10 million for the quarter, compared to analyst estimates of $44.11 million. MINDBODY had a negative return on equity of 12.49% and a negative net margin of 11.34%. The firm’s revenue for the quarter was up 31.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.10) EPS. Analysts forecast that MINDBODY, Inc. will post ($0.09) earnings per share for the current fiscal year.

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A number of large investors have recently made changes to their positions in the stock. FMR LLC boosted its stake in MINDBODY by 481.5% during the 2nd quarter. FMR LLC now owns 3,150,890 shares of the technology company’s stock valued at $85,705,000 after purchasing an additional 2,609,059 shares during the period. Capital World Investors boosted its stake in MINDBODY by 14.7% during the 2nd quarter. Capital World Investors now owns 2,593,000 shares of the technology company’s stock valued at $70,530,000 after purchasing an additional 333,000 shares during the period. Vanguard Group Inc. boosted its stake in MINDBODY by 67.2% during the 2nd quarter. Vanguard Group Inc. now owns 1,511,343 shares of the technology company’s stock valued at $41,109,000 after purchasing an additional 607,182 shares during the period. Clearbridge Investments LLC boosted its stake in MINDBODY by 0.7% during the 1st quarter. Clearbridge Investments LLC now owns 1,484,458 shares of the technology company’s stock valued at $40,748,000 after purchasing an additional 9,596 shares during the period. Finally, Victory Capital Management Inc. bought a new stake in MINDBODY during the 2nd quarter valued at approximately $37,529,000. Hedge funds and other institutional investors own 92.75% of the company’s stock.

A number of brokerages have recently issued reports on MB. UBS AG reissued a “buy” rating and issued a $32.00 price objective (up from $30.00) on shares of MINDBODY in a research note on Wednesday, June 14th. BidaskClub cut shares of MINDBODY from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. KeyCorp reaffirmed a “hold” rating on shares of MINDBODY in a research note on Friday, August 25th. J P Morgan Chase & Co started coverage on shares of MINDBODY in a research note on Friday, June 9th. They set an “overweight” rating and a $38.00 target price for the company. Finally, Morgan Stanley raised their target price on shares of MINDBODY from $27.00 to $29.00 and gave the company an “equal weight” rating in a research note on Monday, May 15th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. MINDBODY currently has a consensus rating of “Buy” and an average price target of $29.25.

About MINDBODY

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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