MINDBODY, Inc. (NASDAQ:MB) insider Kimberly Gail Lytikainen sold 50,000 shares of MINDBODY stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $28.39, for a total transaction of $1,419,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Kimberly Gail Lytikainen also recently made the following trade(s):

  • On Monday, October 9th, Kimberly Gail Lytikainen sold 30,500 shares of MINDBODY stock. The shares were sold at an average price of $27.99, for a total transaction of $853,695.00.

Shares of MINDBODY, Inc. (MB) traded up 15.17% during midday trading on Friday, hitting $32.65. 2,081,111 shares of the company’s stock traded hands. The stock’s market cap is $1.51 billion. MINDBODY, Inc. has a 52 week low of $19.00 and a 52 week high of $34.11. The company has a 50 day moving average of $26.81 and a 200 day moving average of $26.81.

MINDBODY (NASDAQ:MB) last released its quarterly earnings results on Thursday, October 26th. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.05. MINDBODY had a negative return on equity of 12.49% and a negative net margin of 11.34%. The company had revenue of $46.60 million during the quarter, compared to analysts’ expectations of $45.59 million. During the same quarter in the prior year, the business posted ($0.09) earnings per share. The company’s revenue for the quarter was up 32.0% compared to the same quarter last year. On average, equities analysts forecast that MINDBODY, Inc. will post ($0.09) EPS for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in MB. FMR LLC grew 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 purchasing an additional 2,609,059 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of MINDBODY in the second quarter worth $37,529,000. Vanguard Group Inc. grew 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. State Street Corp grew its stake in shares of MINDBODY by 151.3% in 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. Finally, Renaissance Technologies LLC grew its stake in shares of MINDBODY by 44.2% in the second quarter. Renaissance Technologies LLC now owns 1,110,900 shares of the technology company’s stock worth $30,216,000 after purchasing an additional 340,300 shares in the last quarter. 84.62% of the stock is owned by institutional investors.

A number of research firms recently weighed in on MB. KeyCorp reiterated a “buy” rating and issued a $32.00 price objective on shares of MINDBODY in a research report on Sunday, October 22nd. BidaskClub upgraded shares of MINDBODY from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Roth Capital reiterated a “buy” rating and issued a $31.50 price objective on shares of MINDBODY in a research report on Thursday, September 28th. Zacks Investment Research upgraded shares of MINDBODY from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Wednesday, September 27th. Finally, Craig Hallum reiterated a “buy” rating and issued a $30.00 price objective on shares of MINDBODY in a research report on Monday, September 25th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price 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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