MINDBODY, Inc. (MB) Insider Kimberly Gail Lytikainen Sells 30,500 Shares

MINDBODY, Inc. (NASDAQ:MB) insider Kimberly Gail Lytikainen sold 30,500 shares of the company’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $27.99, for a total value of $853,695.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of MINDBODY, Inc. (MB) traded up 0.450% during mid-day trading on Thursday, hitting $27.875. 43,766 shares of the company traded hands. The stock’s market capitalization is $1.29 billion. The firm’s 50 day moving average price is $26.14 and its 200-day moving average price is $26.14. MINDBODY, Inc. has a 1-year low of $16.95 and a 1-year high of $29.75.

MINDBODY (NASDAQ:MB) last announced its quarterly earnings results on Wednesday, July 26th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. The business had revenue of $44.10 million for the quarter, compared to analyst estimates of $44.11 million. MINDBODY had a negative net margin of 11.34% and a negative return on equity of 12.49%. The company’s revenue was up 31.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.10) EPS. On average, equities research analysts forecast that MINDBODY, Inc. will post ($0.09) EPS for the current year.

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MB has been the topic of several research reports. Zacks Investment Research raised MINDBODY from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a report on Wednesday, September 27th. Craig Hallum reissued a “buy” rating and issued a $30.00 price target on shares of MINDBODY in a research note on Monday, September 25th. KeyCorp reaffirmed a “hold” rating on shares of MINDBODY in a research note on Thursday, July 27th. Jefferies Group LLC assumed coverage on MINDBODY in a research note on Thursday, August 24th. They set a “hold” rating and a $26.00 price objective on the stock. Finally, BidaskClub raised MINDBODY from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. MINDBODY presently has an average rating of “Buy” and a consensus target price of $30.95.

A number of institutional investors have recently made changes to their positions in MB. Quantbot Technologies LP grew its holdings in MINDBODY by 96.3% in the 1st quarter. Quantbot Technologies LP now owns 3,932 shares of the technology company’s stock worth $107,000 after acquiring an additional 1,929 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in MINDBODY by 2,171.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,111 shares of the technology company’s stock worth $112,000 after acquiring an additional 3,930 shares during the last quarter. Legal & General Group Plc grew its holdings in MINDBODY by 4.1% in the 1st quarter. Legal & General Group Plc now owns 4,218 shares of the technology company’s stock worth $116,000 after acquiring an additional 166 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in MINDBODY by 49.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 5,046 shares of the technology company’s stock worth $137,000 after acquiring an additional 1,678 shares during the last quarter. Finally, Credit Suisse AG bought a new stake in MINDBODY in the 1st quarter worth $220,000. 92.75% of the stock is currently owned by institutional investors and hedge funds.

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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