Richard Lee Stollmeyer Sells 17,739 Shares of MINDBODY, Inc. (MB) Stock
MINDBODY, Inc. (NASDAQ:MB) CEO Richard Lee Stollmeyer sold 17,739 shares of MINDBODY stock in a transaction on Friday, September 1st. The stock was sold at an average price of $23.71, for a total transaction of $420,591.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Richard Lee Stollmeyer also recently made the following trade(s):
- On Tuesday, August 1st, Richard Lee Stollmeyer sold 17,739 shares of MINDBODY stock. The stock was sold at an average price of $25.13, for a total transaction of $445,781.07.
- On Monday, July 3rd, Richard Lee Stollmeyer sold 17,739 shares of MINDBODY stock. The stock was sold at an average price of $26.16, for a total transaction of $464,052.24.
MINDBODY, Inc. (NASDAQ MB) opened at 25.30 on Friday. The firm’s 50-day moving average is $24.24 and its 200-day moving average is $26.39. MINDBODY, Inc. has a 12 month low of $16.71 and a 12 month high of $29.75. The stock’s market capitalization is $1.17 billion.
MINDBODY (NASDAQ:MB) last released its earnings results on Wednesday, July 26th. The technology company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. MINDBODY had a negative return on equity of 12.49% and a negative net margin of 11.34%. The business had revenue of $44.10 million for the quarter, compared to analyst estimates of $44.11 million. During the same quarter last year, the firm posted ($0.10) earnings per share. The business’s revenue was up 31.3% compared to the same quarter last year. On average, equities analysts expect that MINDBODY, Inc. will post ($0.09) earnings per share for the current fiscal year.
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A number of hedge funds have recently added to or reduced their stakes in the business. FMR LLC increased its stake in MINDBODY by 481.5% in the second quarter. FMR LLC now owns 3,150,890 shares of the technology company’s stock worth $85,705,000 after purchasing an additional 2,609,059 shares during the period. Capital World Investors increased its stake in MINDBODY by 14.7% in the second quarter. Capital World Investors now owns 2,593,000 shares of the technology company’s stock worth $70,530,000 after purchasing an additional 333,000 shares during the period. Vanguard Group Inc. increased its stake in MINDBODY by 67.2% in the second quarter. Vanguard Group Inc. now owns 1,511,343 shares of the technology company’s stock worth $41,109,000 after purchasing an additional 607,182 shares during the period. Clearbridge Investments LLC increased its stake in MINDBODY by 0.7% in the first quarter. Clearbridge Investments LLC now owns 1,484,458 shares of the technology company’s stock worth $40,748,000 after purchasing an additional 9,596 shares during the period. Finally, Victory Capital Management Inc. purchased a new stake in MINDBODY in the second quarter worth $37,529,000. Institutional investors and hedge funds own 92.75% of the company’s stock.
MB has been the topic of several analyst reports. Zacks Investment Research raised shares of MINDBODY from a “sell” rating to a “hold” rating in a research note on Friday, May 19th. J P Morgan Chase & Co initiated coverage on shares of MINDBODY in a research note on Friday, June 9th. They issued an “overweight” rating and a $38.00 target price on the stock. KeyCorp reaffirmed a “hold” rating on shares of MINDBODY in a research note on Thursday, July 27th. Jefferies Group LLC initiated coverage on shares of MINDBODY in a research note on Thursday, August 24th. They issued a “hold” rating and a $26.00 target price on the stock. Finally, Credit Suisse Group lifted their target price on shares of MINDBODY from $27.00 to $31.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $29.25.
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.
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