MINDBODY, Inc. (NASDAQ:MB) insider Kimberly Gail Lytikainen sold 30,500 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $27.99, for a total transaction of $853,695.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of MINDBODY, Inc. (MB) traded down 0.36% on Wednesday, reaching $27.75. 242,178 shares of the company’s stock were exchanged. The company’s market capitalization is $1.29 billion. The firm’s 50 day moving average price is $26.07 and its 200-day moving average price is $26.07. MINDBODY, Inc. has a 12 month low of $16.95 and a 12 month high of $29.75.

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

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A number of large investors have recently added to or reduced their stakes in the stock. FMR LLC increased its holdings in 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 last quarter. Capital World Investors increased its holdings in 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 buying an additional 333,000 shares during the last quarter. Vanguard Group Inc. increased its holdings in 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 buying an additional 607,182 shares during the last quarter. Clearbridge Investments LLC increased its holdings in 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 buying an additional 9,596 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new position in MINDBODY in the second quarter worth approximately $37,529,000. Hedge funds and other institutional investors own 92.75% of the company’s stock.

MB has been the subject of a number of recent analyst reports. UBS AG restated 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. BidaskClub downgraded shares of MINDBODY from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Zacks Investment Research upgraded shares of MINDBODY from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Thursday, July 6th. Craig Hallum restated a “buy” rating and issued a $30.00 target price on shares of MINDBODY in a report on Monday, September 25th. Finally, Roth Capital restated a “buy” rating and issued a $31.50 target price on shares of MINDBODY in a report on Thursday, September 28th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price 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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