MINDBODY, Inc. (MB) CEO Richard Lee Stollmeyer Sells 17,739 Shares

MINDBODY, Inc. (NASDAQ:MB) CEO Richard Lee Stollmeyer sold 17,739 shares of MINDBODY stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $31.16, for a total value of $552,747.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Richard Lee Stollmeyer also recently made the following trade(s):

  • On Monday, October 2nd, Richard Lee Stollmeyer sold 17,739 shares of MINDBODY stock. The shares were sold at an average price of $26.54, for a total value of $470,793.06.
  • On Friday, September 1st, Richard Lee Stollmeyer sold 17,739 shares of MINDBODY stock. The shares were sold at an average price of $23.71, for a total value of $420,591.69.

Shares of MINDBODY, Inc. (NASDAQ MB) traded up $0.85 during trading on Friday, hitting $31.65. The company had a trading volume of 132,040 shares, compared to its average volume of 507,664.

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 return on equity of 8.39% and a negative net margin of 9.26%. The firm had revenue of $46.60 million during the quarter, compared to analyst estimates of $45.59 million. During the same quarter in the previous year, the business earned ($0.09) EPS. MINDBODY’s revenue for the quarter 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 year.

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Several institutional investors have recently made changes to their positions in the stock. FMR LLC increased its stake in shares of MINDBODY by 481.5% in the 2nd quarter. FMR LLC now owns 3,150,890 shares of the technology company’s stock valued at $85,705,000 after purchasing an additional 2,609,059 shares in the last quarter. Capital World Investors increased its stake in shares of MINDBODY by 14.7% in the 2nd quarter. Capital World Investors now owns 2,593,000 shares of the technology company’s stock valued at $70,530,000 after purchasing an additional 333,000 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of MINDBODY by 67.2% in the 2nd quarter. Vanguard Group Inc. now owns 1,511,343 shares of the technology company’s stock valued at $41,109,000 after purchasing an additional 607,182 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of MINDBODY by 4.5% in the 3rd quarter. Victory Capital Management Inc. now owns 1,441,696 shares of the technology company’s stock valued at $37,268,000 after purchasing an additional 61,950 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in MINDBODY by 44.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,110,900 shares of the technology company’s stock worth $30,216,000 after buying an additional 340,300 shares during the last quarter. Hedge funds and other institutional investors own 84.67% of the company’s stock.

A number of research firms have weighed in on MB. Zacks Investment Research lowered MINDBODY from a “buy” rating to a “hold” rating in a research note on Wednesday. KeyCorp reiterated a “buy” rating and set a $32.00 price objective on shares of MINDBODY in a research note on Sunday, October 22nd. BidaskClub upgraded MINDBODY from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Craig Hallum reiterated a “buy” rating and set a $30.00 price objective on shares of MINDBODY in a research note on Monday, September 25th. Finally, Roth Capital reiterated a “buy” rating and set a $31.50 price objective on shares of MINDBODY in a research note on Thursday, September 28th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $30.95.

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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