MINDBODY Inc (NASDAQ:MB) CEO Sells $551,752.00 in Stock

MINDBODY Inc (NASDAQ:MB) CEO Richard Lee Stollmeyer sold 13,600 shares of the firm’s stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $40.57, for a total value of $551,752.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

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  • On Monday, April 2nd, Richard Lee Stollmeyer sold 17,739 shares of MINDBODY stock. The shares were sold at an average price of $37.73, for a total value of $669,292.47.
  • On Thursday, March 1st, Richard Lee Stollmeyer sold 17,739 shares of MINDBODY stock. The shares were sold at an average price of $35.25, for a total value of $625,299.75.
  • On Friday, February 23rd, Richard Lee Stollmeyer sold 17,739 shares of MINDBODY stock. The shares were sold at an average price of $35.76, for a total value of $634,346.64.
  • On Tuesday, January 2nd, Richard Lee Stollmeyer sold 17,741 shares of MINDBODY stock. The shares were sold at an average price of $30.30, for a total value of $537,552.30.

Shares of NASDAQ:MB opened at $38.55 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 8.66 and a quick ratio of 8.66. The firm has a market capitalization of $1,817.25, a PE ratio of -128.50 and a beta of -0.10. MINDBODY Inc has a twelve month low of $21.57 and a twelve month high of $43.45.

MINDBODY (NASDAQ:MB) last announced its quarterly earnings data on Wednesday, February 21st. The technology company reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.02. The firm had revenue of $49.70 million during the quarter, compared to analyst estimates of $48.96 million. MINDBODY had a negative return on equity of 6.29% and a negative net margin of 8.10%. The company’s revenue was up 30.1% on a year-over-year basis. During the same period last year, the company earned ($0.04) earnings per share. equities analysts anticipate that MINDBODY Inc will post -0.12 earnings per share for the current year.

A number of brokerages have issued reports on MB. Imperial Capital lifted their price objective on MINDBODY from $35.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Morgan Stanley restated an “equal weight” rating and issued a $39.00 target price (up from $37.00) on shares of MINDBODY in a research note on Thursday, February 22nd. Craig Hallum restated a “buy” rating and issued a $45.00 target price (up from $40.00) on shares of MINDBODY in a research note on Tuesday, March 13th. KeyCorp restated an “overweight” rating and issued a $47.00 target price (up from $41.00) on shares of MINDBODY in a research note on Tuesday, March 13th. Finally, ValuEngine upgraded MINDBODY from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $37.63.

A number of hedge funds have recently made changes to their positions in MB. Gotham Asset Management LLC acquired a new stake in MINDBODY in the fourth quarter worth about $253,000. Nordea Investment Management AB acquired a new stake in MINDBODY in the third quarter worth about $269,000. ClariVest Asset Management LLC acquired a new stake in MINDBODY in the third quarter worth about $269,000. UBS Asset Management Americas Inc. acquired a new stake in MINDBODY in the fourth quarter worth about $271,000. Finally, Arthur M. Cohen & Associates LLC acquired a new stake in MINDBODY in the fourth quarter worth about $274,000. Hedge funds and other institutional investors own 89.06% of the company’s stock.

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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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