MINDBODY Inc (MB) Insider Bradford Lee Wills Sells 8,172 Shares
MINDBODY Inc (NASDAQ:MB) insider Bradford Lee Wills sold 8,172 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $27.80, for a total value of $227,181.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Bradford Lee Wills also recently made the following trade(s):
- On Friday, January 27th, Bradford Lee Wills sold 1,043 shares of MINDBODY stock. The stock was sold at an average price of $25.25, for a total value of $26,335.75.
- On Monday, January 9th, Bradford Lee Wills sold 10,220 shares of MINDBODY stock. The stock was sold at an average price of $25.25, for a total value of $258,055.00.
MINDBODY Inc (NASDAQ:MB) traded up 0.91% during midday trading on Monday, reaching $27.85. The company’s stock had a trading volume of 204,950 shares. The company’s 50-day moving average is $25.67 and its 200 day moving average is $21.77. MINDBODY Inc has a 52 week low of $11.91 and a 52 week high of $28.15. The firm’s market capitalization is $1.14 billion.
MINDBODY (NASDAQ:MB) last released its quarterly earnings results on Wednesday, February 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.04. MINDBODY had a negative return on equity of 22.49% and a negative net margin of 16.53%. The firm had revenue of $38.20 million for the quarter, compared to analyst estimates of $38.17 million. During the same quarter last year, the company posted ($0.17) earnings per share. The business’s revenue was up 35.0% on a year-over-year basis. Analysts expect that MINDBODY Inc will post ($0.10) earnings per share for the current fiscal year.
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Several equities research analysts have commented on MB shares. Craig Hallum started coverage on MINDBODY in a research note on Monday, December 5th. They set a “buy” rating and a $28.00 price objective for the company. Roth Capital set a $26.00 price objective on 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 objective on shares of MINDBODY in a research note on Saturday, January 7th. Finally, Zacks Investment Research lowered MINDBODY from a “buy” rating to a “hold” rating in a research note on Tuesday, February 7th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $24.63.
Institutional investors have recently added to or reduced their stakes in the company. Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of MINDBODY during the third quarter worth approximately $5,126,000. Nicholas Investment Partners LP increased its stake in shares of MINDBODY by 22.5% in the fourth quarter. Nicholas Investment Partners LP now owns 199,719 shares of the company’s stock worth $4,253,000 after buying an additional 36,682 shares during the last quarter. Federated Investors Inc. PA increased its stake in shares of MINDBODY by 21.3% in the fourth quarter. Federated Investors Inc. PA now owns 183,270 shares of the company’s stock worth $3,903,000 after buying an additional 32,148 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of MINDBODY during the fourth quarter worth approximately $2,765,000. Finally, Citadel Advisors LLC increased its stake in shares of MINDBODY by 626.8% in the third quarter. Citadel Advisors LLC now owns 101,064 shares of the company’s stock worth $1,987,000 after buying an additional 87,159 shares during the last quarter. 81.13% of the stock is currently owned by hedge funds and other institutional investors.
MINDBODY, Inc is a provider of cloud-based business management software for the wellness services industry and operates as a consumer marketplace with over 51,000 local business subscribers on its platform in over 130 countries and territories. The Company’s subscribers provide a range of wellness services to approximately 28 million active consumers.
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