Insider Selling: MINDBODY, Inc. (MB) CFO Sells 10,000 Shares of Stock
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.
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