MINDBODY, Inc. (NASDAQ:MB) CFO Brett T. White sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $31.18, for a total value of $311,800.00. The sale was disclosed in a filing with the SEC, which is available through this link.

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

  • On Monday, October 2nd, Brett T. White sold 10,000 shares of MINDBODY stock. The stock was sold at an average price of $26.56, for a total value of $265,600.00.
  • On Tuesday, September 5th, Brett T. White sold 10,000 shares of MINDBODY stock. The stock was sold at an average price of $24.00, for a total value of $240,000.00.

MINDBODY (NASDAQ:MB) last announced its quarterly earnings results on Thursday, October 26th. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.05. The business had revenue of $46.60 million during the quarter, compared to the consensus estimate of $45.59 million. MINDBODY had a negative net margin of 9.26% and a negative return on equity of 9.70%. The business’s revenue was up 32.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.09) EPS.

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Several equities research analysts have weighed in on the company. KeyCorp raised MINDBODY from a “sector weight” rating to an “overweight” rating and boosted their price objective for the stock from $16.95 to $32.00 in a research note on Friday, September 22nd. Zacks Investment Research cut MINDBODY from a “buy” rating to a “hold” rating in a research note on Wednesday. BidaskClub cut MINDBODY from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. Roth Capital reissued a “buy” rating and set a $31.50 price objective on shares of MINDBODY in a research note on Thursday, September 28th. Finally, Jefferies Group LLC assumed coverage on MINDBODY in a research note on Thursday, August 24th. They set a “hold” rating and a $26.00 price objective on the stock. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $30.95.

Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its holdings in shares of MINDBODY by 2,171.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,111 shares of the technology company’s stock worth $112,000 after buying an additional 3,930 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of MINDBODY by 4.1% during the 1st quarter. Legal & General Group Plc now owns 4,218 shares of the technology company’s stock worth $116,000 after buying an additional 166 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of MINDBODY by 49.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 5,046 shares of the technology company’s stock worth $137,000 after buying an additional 1,678 shares during the last quarter. Quantbot Technologies LP increased its holdings in shares of MINDBODY by 75.5% during the 2nd quarter. Quantbot Technologies LP now owns 6,902 shares of the technology company’s stock worth $187,000 after buying an additional 2,970 shares during the last quarter. Finally, Credit Suisse AG acquired a new stake in shares of MINDBODY during the 1st quarter worth approximately $220,000. Institutional investors and hedge funds own 84.67% of the company’s stock.

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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