Brett T. White Sells 10,000 Shares of MINDBODY, Inc. (MB) Stock
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.
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.
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