MINDBODY, Inc. (NASDAQ:MB) CEO Richard Lee Stollmeyer sold 17,739 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $31.95, for a total transaction of $566,761.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

  • On Wednesday, November 1st, Richard Lee Stollmeyer sold 17,739 shares of MINDBODY stock. The shares were sold at an average price of $31.16, for a total transaction of $552,747.24.
  • 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.

Shares of MINDBODY, Inc. (NASDAQ:MB) traded up $0.20 during mid-day trading on Tuesday, reaching $30.00. 363,988 shares of the company’s stock were exchanged, compared to its average volume of 434,620. MINDBODY, Inc. has a 1 year low of $19.65 and a 1 year high of $36.25. The company has a current ratio of 9.20, a quick ratio of 9.20 and a debt-to-equity ratio of 0.06.

MINDBODY (NASDAQ:MB) last announced its quarterly earnings data on Thursday, October 26th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. MINDBODY had a negative net margin of 9.26% and a negative return on equity of 8.39%. The firm had revenue of $46.60 million for the quarter, compared to analysts’ expectations of $45.59 million. During the same period last year, the firm earned ($0.09) earnings per share. The business’s revenue for the quarter was up 32.0% on a year-over-year basis. equities analysts anticipate that MINDBODY, Inc. will post -0.31 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in MB. Legal & General Group Plc boosted its stake in 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 acquiring an additional 166 shares during the last quarter. Vanguard Group Inc. boosted its stake in MINDBODY by 19.4% in the first quarter. Vanguard Group Inc. now owns 904,161 shares of the technology company’s stock valued at $24,820,000 after acquiring an additional 146,816 shares during the last quarter. Geode Capital Management LLC boosted its stake in MINDBODY by 15.9% in the first quarter. Geode Capital Management LLC now owns 169,238 shares of the technology company’s stock valued at $4,645,000 after acquiring an additional 23,176 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in MINDBODY by 27.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 28,000 shares of the technology company’s stock valued at $769,000 after acquiring an additional 6,000 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in MINDBODY by 5.2% in the first quarter. Bank of America Corp DE now owns 35,657 shares of the technology company’s stock valued at $979,000 after acquiring an additional 1,762 shares during the last quarter. 90.16% of the stock is currently owned by hedge funds and other institutional investors.

MB has been the topic of several research analyst reports. DA Davidson initiated coverage on shares of MINDBODY in a research note on Wednesday, November 15th. They set a “buy” rating and a $42.00 price target on the stock. KeyCorp raised shares of MINDBODY from a “sector weight” rating to an “overweight” rating and increased their price target for the company from $16.95 to $32.00 in a research note on Friday, September 22nd. Jefferies Group initiated coverage on shares of MINDBODY in a research note on Thursday, August 24th. They set a “hold” rating and a $26.00 price target on the stock. UBS reissued a “buy” rating and set a $40.00 price target (up from $34.00) on shares of MINDBODY in a research note on Thursday, November 9th. Finally, Zacks Investment Research cut shares of MINDBODY from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $32.54.

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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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