MINDBODY, Inc. (NASDAQ:MB) major shareholder Luxor Capital Group, Lp purchased 341,079 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The stock was bought at an average price of $27.95 per share, for a total transaction of $9,533,158.05. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Luxor Capital Group, Lp also recently made the following trade(s):

  • On Monday, October 2nd, Luxor Capital Group, Lp purchased 111,445 shares of MINDBODY stock. The stock was bought at an average price of $26.45 per share, for a total transaction of $2,947,720.25.
  • On Thursday, September 21st, Luxor Capital Group, Lp purchased 420,048 shares of MINDBODY stock. The stock was bought at an average price of $24.93 per share, for a total transaction of $10,471,796.64.

MINDBODY, Inc. (NASDAQ:MB) traded up 0.36% during mid-day trading on Thursday, hitting $27.65. 345,340 shares of the company traded hands. MINDBODY, Inc. has a one year low of $16.95 and a one year high of $28.30. The firm’s market capitalization is $1.28 billion. The firm has a 50 day moving average of $25.66 and a 200 day moving average of $25.66.

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 consensus estimate of ($0.05) by $0.04. The company had revenue of $44.10 million during the quarter, compared to analysts’ expectations of $44.11 million. MINDBODY had a negative net margin of 11.34% and a negative return on equity of 12.49%. MINDBODY’s revenue for the quarter was up 31.3% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.10) earnings per share. Equities research analysts expect 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 modified their holdings of MB. FMR LLC grew its stake in MINDBODY by 481.5% in the 2nd 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 in the last quarter. Victory Capital Management Inc. purchased a new position in MINDBODY in the 2nd quarter worth approximately $37,529,000. JPMorgan Chase & Co. grew its stake in MINDBODY by 439.4% in the 1st quarter. JPMorgan Chase & Co. now owns 1,225,145 shares of the technology company’s stock worth $33,630,000 after buying an additional 998,004 shares in the last quarter. Vanguard Group Inc. grew its stake in MINDBODY by 67.2% in the 2nd quarter. Vanguard Group Inc. now owns 1,511,343 shares of the technology company’s stock worth $41,109,000 after buying an additional 607,182 shares in the last quarter. Finally, State Street Corp grew its stake in MINDBODY by 151.3% in the 2nd quarter. State Street Corp now owns 620,907 shares of the technology company’s stock worth $16,885,000 after buying an additional 373,828 shares in the last quarter. 92.75% of the stock is owned by institutional investors.

A number of brokerages have issued reports on MB. J P Morgan Chase & Co began coverage on shares of MINDBODY in a research report on Friday, June 9th. They set an “overweight” rating and a $38.00 target price on the stock. Zacks Investment Research lowered shares of MINDBODY from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Craig Hallum restated a “buy” rating and set a $30.00 target price on shares of MINDBODY in a research report on Monday, September 25th. KeyCorp restated a “hold” rating on shares of MINDBODY in a research report on Thursday, July 27th. Finally, Jefferies Group LLC began coverage on shares of MINDBODY in a research report on Thursday, August 24th. They set a “hold” rating and a $26.00 target price on the stock. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $30.95.

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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