Insider Selling: MINDBODY, Inc. (MB) CFO Sells $319,400.00 in Stock

MINDBODY, Inc. (NASDAQ:MB) CFO Brett T. White sold 10,000 shares of MINDBODY stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $31.94, for a total value of $319,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Brett T. White also recently made the following trade(s):

  • On Wednesday, November 1st, Brett T. White sold 10,000 shares of MINDBODY stock. The stock was sold at an average price of $31.18, for a total value of $311,800.00.
  • On Monday, October 2nd, Brett T. White sold 10,000 shares of MINDBODY stock. The stock was sold at an average price of $26.56, for a total value of $265,600.00.
  • On Tuesday, September 5th, Brett T. White sold 10,000 shares of MINDBODY stock. The shares were sold at an average price of $24.00, for a total value of $240,000.00.

Shares of MINDBODY, Inc. (NASDAQ:MB) opened at $30.60 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 9.20 and a quick ratio of 9.20. MINDBODY, Inc. has a 12 month low of $19.65 and a 12 month high of $36.25.

MINDBODY (NASDAQ:MB) last announced 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. The firm had revenue of $46.60 million for the quarter, compared to the consensus estimate of $45.59 million. MINDBODY had a negative return on equity of 8.39% and a negative net margin of 9.26%. The firm’s revenue for the quarter was up 32.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.09) EPS. research analysts anticipate that MINDBODY, Inc. will post -0.31 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in MB. FMR LLC raised its stake in shares of MINDBODY by 481.5% in the 2nd quarter. FMR LLC now owns 3,150,890 shares of the technology company’s stock worth $85,705,000 after buying an additional 2,609,059 shares in the last quarter. Victory Capital Management Inc. bought a new stake in shares of MINDBODY in the 2nd quarter worth $37,529,000. Vanguard Group Inc. raised 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 worth $41,109,000 after buying an additional 607,182 shares in the last quarter. State Street Corp raised 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 worth $16,885,000 after buying an additional 373,828 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of MINDBODY by 44.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,110,900 shares of the technology company’s stock worth $30,216,000 after buying an additional 340,300 shares in the last quarter. 90.16% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently issued reports on MB shares. Jefferies Group started coverage on MINDBODY in a research report on Thursday, August 24th. They set a “hold” rating and a $26.00 price objective for the company. KeyCorp restated a “hold” rating on shares of MINDBODY in a research report on Friday, August 25th. BidaskClub upgraded MINDBODY from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Craig Hallum restated a “buy” rating and set a $30.00 price objective on shares of MINDBODY in a research report on Monday, September 25th. Finally, Zacks Investment Research upgraded MINDBODY from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Wednesday, September 27th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $32.54.

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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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