Kimberly Gail Lytikainen Sells 50,000 Shares of MINDBODY, Inc. (MB) Stock
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.
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.
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