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.
COPYRIGHT VIOLATION NOTICE: “MINDBODY Inc (MB) CFO Brett T. White Sells 20,000 Shares” was published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this report on another domain, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The correct version of this report can be read at https://www.chaffeybreeze.com/2017/04/21/brett-t-white-sells-20000-shares-of-mindbody-inc-mb-stock-updated.html.
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.
Receive News & Ratings for MINDBODY Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MINDBODY Inc and related companies with MarketBeat.com's FREE daily email newsletter.