MINDBODY, Inc. (NASDAQ:MB) CFO Brett T. White sold 10,000 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $26.56, for a total value of $265,600.00. The sale was disclosed in a filing with the SEC, which is available at this link.

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

  • On Tuesday, September 5th, Brett T. White sold 10,000 shares of MINDBODY stock. The shares were sold at an average price of $24.00, for a total value of $240,000.00.
  • On Friday, July 28th, Brett T. White sold 10,000 shares of MINDBODY stock. The shares were sold at an average price of $25.87, for a total value of $258,700.00.

MINDBODY, Inc. (MB) traded up 3.13% on Tuesday, reaching $28.00. 842,165 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $25.55 and its 200 day moving average price is $25.55. MINDBODY, Inc. has a 52-week low of $16.95 and a 52-week high of $28.30. The company’s market cap is $1.30 billion.

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

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Several equities research analysts have commented on MB shares. BidaskClub upgraded shares of MINDBODY from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. KeyCorp reissued a “hold” rating on shares of MINDBODY in a research report on Thursday, July 27th. Jefferies Group LLC initiated coverage on MINDBODY in a research note on Thursday, August 24th. They issued a “hold” rating and a $26.00 target price on the stock. Zacks Investment Research upgraded MINDBODY from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Wednesday, September 27th. Finally, UBS AG reaffirmed a “buy” rating and issued a $32.00 target price (up from $30.00) on shares of MINDBODY in a report on Wednesday, June 14th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $30.95.

Institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC raised 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 buying an additional 2,609,059 shares during the period. Capital World Investors increased its stake in shares of MINDBODY by 14.7% in the second quarter. Capital World Investors now owns 2,593,000 shares of the technology company’s stock worth $70,530,000 after purchasing an additional 333,000 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of MINDBODY by 67.2% in 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. Clearbridge Investments LLC increased its stake in shares of MINDBODY by 0.7% in the first quarter. Clearbridge Investments LLC now owns 1,484,458 shares of the technology company’s stock worth $40,748,000 after purchasing an additional 9,596 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in shares of MINDBODY in the second quarter worth $37,529,000. Institutional investors and hedge funds own 92.75% of the company’s stock.

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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