MINDBODY, Inc. (NASDAQ:MB) CEO Richard Lee Stollmeyer sold 17,739 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $31.16, for a total transaction of $552,747.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Richard Lee Stollmeyer also recently made the following trade(s):

  • On Monday, October 2nd, Richard Lee Stollmeyer sold 17,739 shares of MINDBODY stock. The shares were sold at an average price of $26.54, for a total transaction of $470,793.06.
  • On Friday, September 1st, Richard Lee Stollmeyer sold 17,739 shares of MINDBODY stock. The shares were sold at an average price of $23.71, for a total transaction of $420,591.69.

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

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Large investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA grew its stake in shares of MINDBODY by 2,171.3% in the second quarter. BNP Paribas Arbitrage SA now owns 4,111 shares of the technology company’s stock valued at $112,000 after buying an additional 3,930 shares in the last quarter. Legal & General Group Plc grew its stake in shares of MINDBODY by 4.1% in the first quarter. Legal & General Group Plc now owns 4,218 shares of the technology company’s stock valued at $116,000 after buying an additional 166 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of MINDBODY by 49.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 5,046 shares of the technology company’s stock valued at $137,000 after buying an additional 1,678 shares in the last quarter. Quantbot Technologies LP grew its stake in shares of MINDBODY by 75.5% in the second quarter. Quantbot Technologies LP now owns 6,902 shares of the technology company’s stock valued at $187,000 after buying an additional 2,970 shares in the last quarter. Finally, Credit Suisse AG bought a new position in shares of MINDBODY in the first quarter valued at $220,000. 84.67% of the stock is owned by institutional investors and hedge funds.

MB has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of MINDBODY from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Roth Capital reaffirmed a “buy” rating and issued a $31.50 target price on shares of MINDBODY in a report on Thursday, September 28th. BidaskClub raised shares of MINDBODY from a “hold” rating to a “buy” rating in a report on Friday, September 8th. KeyCorp reaffirmed a “hold” rating on shares of MINDBODY in a report on Friday, August 25th. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $30.00 target price on shares of MINDBODY in a report on Monday, September 25th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. MINDBODY presently has a consensus rating of “Buy” and an average price target 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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