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.

About MINDBODY

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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