The Manufacturers Life Insurance Company boosted its holdings in shares of MINDBODY, Inc. (NASDAQ:MB) by 145.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,637 shares of the technology company’s stock after acquiring an additional 16,948 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.07% of MINDBODY worth $779,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of MB. Parametric Portfolio Associates LLC grew its holdings in MINDBODY by 102.8% during the first quarter. Parametric Portfolio Associates LLC now owns 43,895 shares of the technology company’s stock valued at $1,205,000 after purchasing an additional 22,251 shares during the last quarter. American International Group Inc. grew its holdings in MINDBODY by 7.1% during the first quarter. American International Group Inc. now owns 8,871 shares of the technology company’s stock valued at $244,000 after purchasing an additional 588 shares during the last quarter. Legal & General Group Plc grew its holdings in MINDBODY by 4.1% during the first quarter. Legal & General Group Plc now owns 4,218 shares of the technology company’s stock valued at $116,000 after purchasing an additional 166 shares during the last quarter. Vanguard Group Inc. grew its holdings in MINDBODY by 19.4% during the first quarter. Vanguard Group Inc. now owns 904,161 shares of the technology company’s stock valued at $24,820,000 after purchasing an additional 146,816 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in MINDBODY by 15.9% during the first quarter. Geode Capital Management LLC now owns 169,238 shares of the technology company’s stock valued at $4,645,000 after purchasing an additional 23,176 shares during the last quarter. 84.50% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently issued reports on MB shares. UBS AG restated a “buy” rating and issued a $40.00 price objective (up previously from $34.00) on shares of MINDBODY in a research note on Thursday, November 9th. Zacks Investment Research downgraded shares of MINDBODY from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Roth Capital restated a “buy” rating and issued a $31.50 price objective on shares of MINDBODY in a research note on Thursday, September 28th. BidaskClub upgraded shares of MINDBODY from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Finally, KeyCorp restated a “hold” rating on shares of MINDBODY in a research note on Friday, August 25th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $32.54.

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In other MINDBODY news, CEO Richard Lee Stollmeyer sold 17,739 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $23.71, for a total transaction of $420,591.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brett T. White sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $24.00, for a total value of $240,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 955,594 shares of company stock valued at $25,273,140 and sold 168,717 shares valued at $4,684,727. 8.22% of the stock is currently owned by insiders.

Shares of MINDBODY, Inc. (NASDAQ MB) opened at $34.05 on Friday. MINDBODY, Inc. has a twelve month low of $19.50 and a twelve month high of $34.40. The company has a debt-to-equity ratio of 0.06, a current ratio of 9.20 and a quick ratio of 9.20.

MINDBODY (NASDAQ:MB) last posted its earnings results on Thursday, October 26th. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.05. The company had revenue of $46.60 million during the quarter, compared to analyst estimates of $45.59 million. MINDBODY had a negative return on equity of 8.39% and a negative net margin of 9.26%. The company’s revenue for the quarter was up 32.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.09) EPS. research analysts anticipate that MINDBODY, Inc. will post -0.31 earnings per share for the current fiscal year.

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.

Institutional Ownership by Quarter for MINDBODY (NASDAQ:MB)

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