MINDBODY, Inc. (NASDAQ:MB) CEO Richard Lee Stollmeyer sold 17,739 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $26.54, for a total transaction of $470,793.06. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Richard Lee Stollmeyer also recently made the following trade(s):

  • On Friday, September 1st, Richard Lee Stollmeyer sold 17,739 shares of MINDBODY stock. The stock was sold at an average price of $23.71, for a total value of $420,591.69.
  • On Tuesday, August 1st, Richard Lee Stollmeyer sold 17,739 shares of MINDBODY stock. The stock was sold at an average price of $25.13, for a total value of $445,781.07.

Shares of MINDBODY, Inc. (NASDAQ MB) traded up 3.13% during midday trading on Tuesday, hitting $28.00. The company had a trading volume of 842,165 shares. MINDBODY, Inc. has a 1-year low of $16.95 and a 1-year high of $28.30. The firm’s market capitalization is $1.30 billion. The stock has a 50 day moving average price of $25.55 and a 200 day moving average price of $25.55.

MINDBODY (NASDAQ:MB) last issued its earnings results on Wednesday, July 26th. The technology company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.04. MINDBODY had a negative net margin of 11.34% and a negative return on equity of 12.49%. The company had revenue of $44.10 million during the quarter, compared to the consensus estimate of $44.11 million. During the same quarter in the prior year, the firm posted ($0.10) EPS. MINDBODY’s quarterly revenue was up 31.3% compared to the same quarter last year. On average, equities analysts anticipate that MINDBODY, Inc. will post ($0.09) EPS for the current fiscal year.

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Several institutional investors have recently made changes to their positions in MB. FMR LLC boosted its stake in shares of MINDBODY by 481.5% in the second quarter. FMR LLC now owns 3,150,890 shares of the technology company’s stock worth $85,705,000 after acquiring an additional 2,609,059 shares during the period. Victory Capital Management Inc. purchased a new stake in shares of MINDBODY during the second quarter worth about $37,529,000. JPMorgan Chase & Co. grew its position in shares of MINDBODY by 439.4% during the first quarter. JPMorgan Chase & Co. now owns 1,225,145 shares of the technology company’s stock worth $33,630,000 after purchasing an additional 998,004 shares in the last quarter. Vanguard Group Inc. grew its position in shares of MINDBODY by 67.2% during the second quarter. Vanguard Group Inc. now owns 1,511,343 shares of the technology company’s stock worth $41,109,000 after purchasing an additional 607,182 shares in the last quarter. Finally, State Street Corp grew its position in shares of MINDBODY by 151.3% during the second quarter. State Street Corp now owns 620,907 shares of the technology company’s stock worth $16,885,000 after purchasing an additional 373,828 shares in the last quarter. Institutional investors and hedge funds own 92.75% of the company’s stock.

Several brokerages have recently weighed in on MB. UBS AG reiterated a “buy” rating and issued a $32.00 price target (up from $30.00) on shares of MINDBODY in a research report on Wednesday, June 14th. BidaskClub upgraded MINDBODY from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Roth Capital reissued a “buy” rating and set a $31.50 price objective on shares of MINDBODY in a report on Thursday, September 28th. Zacks Investment Research raised MINDBODY from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a report on Wednesday, September 27th. Finally, Craig Hallum restated a “buy” rating and issued a $30.00 target price on shares of MINDBODY in a research note on Monday, September 25th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $30.95.

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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