Insider Selling: MINDBODY Inc (MB) CEO Sells 17,741 Shares of Stock

MINDBODY Inc (NASDAQ:MB) CEO Richard Lee Stollmeyer sold 17,741 shares of MINDBODY stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $30.30, for a total value of $537,552.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

  • On Friday, December 1st, Richard Lee Stollmeyer sold 17,739 shares of MINDBODY stock. The stock was sold at an average price of $31.95, for a total value of $566,761.05.
  • On Wednesday, November 1st, Richard Lee Stollmeyer sold 17,739 shares of MINDBODY stock. The stock was sold at an average price of $31.16, for a total value of $552,747.24.

Shares of MINDBODY Inc (NASDAQ:MB) traded up $0.05 on Thursday, reaching $32.10. 383,675 shares of the company traded hands, compared to its average volume of 660,633. The stock has a market cap of $1,500.00 and a price-to-earnings ratio of -86.76. MINDBODY Inc has a 12-month low of $21.57 and a 12-month high of $36.25. The company has a debt-to-equity ratio of 0.06, a quick ratio of 9.20 and a current ratio of 9.20.

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

MB has been the topic of several analyst reports. KeyCorp reiterated a “buy” rating and set a $32.00 price target on shares of MINDBODY in a report on Sunday, October 22nd. Roth Capital reiterated a “buy” rating and set a $31.50 price target on shares of MINDBODY in a report on Thursday, September 28th. Zacks Investment Research upgraded MINDBODY from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Wednesday, September 27th. BidaskClub upgraded MINDBODY from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Finally, Craig Hallum reiterated a “buy” rating and set a $30.00 price target on shares of MINDBODY in a report on Monday, September 25th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. MINDBODY presently has an average rating of “Buy” and a consensus price target of $32.54.

A number of institutional investors and hedge funds have recently modified their holdings of MB. FMR LLC grew its position in MINDBODY by 481.5% in the 2nd quarter. FMR LLC now owns 3,150,890 shares of the technology company’s stock valued at $85,705,000 after acquiring an additional 2,609,059 shares in the last quarter. Vanguard Group Inc. grew its position in MINDBODY by 67.2% in the 2nd quarter. Vanguard Group Inc. now owns 1,511,343 shares of the technology company’s stock valued at $41,109,000 after acquiring an additional 607,182 shares in the last quarter. State Street Corp grew its position in MINDBODY by 151.3% in the 2nd quarter. State Street Corp now owns 620,907 shares of the technology company’s stock valued at $16,885,000 after acquiring an additional 373,828 shares in the last quarter. Renaissance Technologies LLC grew its position in MINDBODY by 44.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,110,900 shares of the technology company’s stock valued at $30,216,000 after acquiring an additional 340,300 shares in the last quarter. Finally, Capital World Investors grew its position in MINDBODY by 14.7% in the 2nd quarter. Capital World Investors now owns 2,593,000 shares of the technology company’s stock valued at $70,530,000 after acquiring an additional 333,000 shares in the last quarter. Hedge funds and other institutional investors own 90.14% of the company’s stock.

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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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