MINDBODY, Inc. (MB) CEO Sells $552,747.24 in Stock
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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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.
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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