MINDBODY Inc (MB) CFO Brett T. White Sells 20,000 Shares

MINDBODY Inc (NASDAQ:MB) CFO Brett T. White sold 20,000 shares of the company’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $27.28, for a total transaction of $545,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of MINDBODY Inc (NASDAQ:MB) traded up 0.91% during trading on Friday, reaching $27.60. 79,187 shares of the company’s stock were exchanged. The stock’s market capitalization is $1.13 billion. The company’s 50-day moving average is $26.99 and its 200 day moving average is $23.32. MINDBODY Inc has a 52 week low of $11.91 and a 52 week high of $28.25.

MINDBODY (NASDAQ:MB) last issued its quarterly earnings results on Wednesday, February 8th. The technology company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.04. MINDBODY had a negative net margin of 16.53% and a negative return on equity of 22.49%. The firm had revenue of $38.20 million for the quarter, compared to analysts’ expectations of $38.17 million. During the same period in the previous year, the business earned ($0.17) earnings per share. MINDBODY’s revenue for the quarter was up 35.0% compared to the same quarter last year. On average, analysts forecast that MINDBODY Inc will post ($0.11) earnings per share for the current year.

Insider Buying and Selling by Quarter for MINDBODY (NASDAQ:MB)

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A number of analysts recently weighed in on MB shares. Roth Capital set a $26.00 price target on shares of MINDBODY and gave the stock a “buy” rating in a research note on Sunday, December 25th. Imperial Capital reiterated an “outperform” rating and set a $25.00 price target on shares of MINDBODY in a research note on Saturday, January 7th. Zacks Investment Research cut shares of MINDBODY from a “buy” rating to a “hold” rating in a research note on Tuesday, February 7th. Finally, JMP Securities reiterated an “outperform” rating and set a $32.00 price target on shares of MINDBODY in a research note on Tuesday, April 4th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $25.88.

A number of large investors have recently modified their holdings of the company. Exencial Wealth Advisors LLC boosted its stake in shares of MINDBODY by 18.3% in the fourth quarter. Exencial Wealth Advisors LLC now owns 12,904 shares of the technology company’s stock valued at $275,000 after buying an additional 2,000 shares during the period. Blackstone Group L.P. acquired a new stake in shares of MINDBODY during the third quarter valued at approximately $350,000. Summit Partners Public Asset Management LLC acquired a new stake in shares of MINDBODY during the third quarter valued at approximately $3,932,000. Capital World Investors boosted its stake in shares of MINDBODY by 573.1% in the third quarter. Capital World Investors now owns 1,001,276 shares of the technology company’s stock valued at $19,685,000 after buying an additional 852,515 shares during the period. Finally, Analytic Investors LLC bought a new stake in MINDBODY during the third quarter valued at about $2,081,000. Hedge funds and other institutional investors own 81.13% of the company’s stock.

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.

5 Day Chart for NASDAQ:MB

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