MINDBODY, Inc. (NASDAQ:MB) CFO Brett T. White sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $31.94, for a total transaction of $319,400.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Brett T. White also recently made the following trade(s):

  • On Wednesday, November 1st, Brett T. White sold 10,000 shares of MINDBODY stock. The shares were sold at an average price of $31.18, for a total transaction of $311,800.00.
  • On Monday, October 2nd, Brett T. White sold 10,000 shares of MINDBODY stock. The shares were sold at an average price of $26.56, for a total transaction of $265,600.00.
  • On Tuesday, September 5th, Brett T. White sold 10,000 shares of MINDBODY stock. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00.

Shares of MINDBODY, Inc. (MB) opened at $29.80 on Tuesday. The company has a current ratio of 9.20, a quick ratio of 9.20 and a debt-to-equity ratio of 0.06. MINDBODY, Inc. has a 1 year low of $19.65 and a 1 year high of $36.25.

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

A number of brokerages have weighed in on MB. DA Davidson began coverage on shares of MINDBODY in a research note on Wednesday, November 15th. They set a “buy” rating and a $42.00 target price for the company. UBS reissued a “buy” rating and set a $40.00 price target (up previously from $34.00) on shares of MINDBODY in a research report on Thursday, November 9th. Zacks Investment Research downgraded shares of MINDBODY from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. KeyCorp reissued a “buy” rating and set a $32.00 price target on shares of MINDBODY in a research report on Sunday, October 22nd. Finally, Roth Capital reissued a “buy” rating and set a $31.50 price target on shares of MINDBODY in a research report on Thursday, September 28th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $32.54.

A number of hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC boosted its holdings in MINDBODY by 0.3% in the second quarter. Parallel Advisors LLC now owns 14,920 shares of the technology company’s stock worth $387,000 after purchasing an additional 45 shares during the last quarter. Legal & General Group Plc boosted its holdings in MINDBODY by 4.1% in the first quarter. Legal & General Group Plc now owns 4,218 shares of the technology company’s stock worth $116,000 after purchasing an additional 166 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in MINDBODY by 49.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 5,046 shares of the technology company’s stock worth $137,000 after purchasing an additional 1,678 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of MINDBODY by 5.2% during the 1st quarter. Bank of America Corp DE now owns 35,657 shares of the technology company’s stock worth $979,000 after acquiring an additional 1,762 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its stake in shares of MINDBODY by 8.7% during the 3rd quarter. Nationwide Fund Advisors now owns 22,669 shares of the technology company’s stock worth $586,000 after acquiring an additional 1,814 shares during the last quarter. Institutional investors own 90.16% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for MINDBODY (NASDAQ:MB)

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