Luxor Capital Group, Lp Buys 43,000 Shares of MINDBODY Inc (MB) Stock

MINDBODY Inc (NASDAQ:MB) major shareholder Luxor Capital Group, Lp purchased 43,000 shares of MINDBODY stock in a transaction that occurred on Monday, February 12th. The shares were bought at an average price of $31.36 per share, with a total value of $1,348,480.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

MINDBODY Inc (NASDAQ MB) traded up $0.90 during trading on Wednesday, hitting $32.60. 277,973 shares of the stock traded hands, compared to its average volume of 367,493. MINDBODY Inc has a twelve month low of $21.57 and a twelve 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. The stock has a market cap of $1,520.00 and a PE ratio of -88.11.

Several analysts recently issued reports on the stock. Morgan Stanley upped their price objective on shares of MINDBODY from $34.00 to $37.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. BidaskClub raised shares of MINDBODY from a “hold” rating to a “buy” rating in a research note on Wednesday, January 24th. KeyCorp reaffirmed a “buy” rating and set a $41.00 price objective (up previously from $34.00) on shares of MINDBODY in a research note on Monday, January 22nd. Zacks Investment Research cut shares of MINDBODY from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Finally, UBS Group reaffirmed a “buy” rating and set a $40.00 price objective (up previously from $34.00) on shares of MINDBODY in a research note on Thursday, November 9th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $34.32.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of MINDBODY by 2.0% in the 4th quarter. BlackRock Inc. now owns 2,460,372 shares of the technology company’s stock valued at $74,917,000 after buying an additional 48,837 shares during the period. Victory Capital Management Inc. grew its stake in shares of MINDBODY by 19.7% in the 4th quarter. Victory Capital Management Inc. now owns 1,725,271 shares of the technology company’s stock valued at $52,535,000 after buying an additional 283,575 shares during the period. Vanguard Group Inc. grew its stake in shares of 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 buying an additional 607,182 shares during the period. Ranger Investment Management L.P. grew its stake in shares of MINDBODY by 18.2% in the 4th quarter. Ranger Investment Management L.P. now owns 862,396 shares of the technology company’s stock valued at $26,260,000 after buying an additional 132,911 shares during the period. Finally, State Street Corp grew its stake in shares of 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 buying an additional 373,828 shares during the period. 91.01% of the stock is owned by institutional investors and hedge funds.

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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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