MINDBODY, Inc. (MB) CFO Brett T. White Sells 10,000 Shares

MINDBODY, Inc. (NASDAQ:MB) CFO Brett T. White sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $31.18, for a total transaction of $311,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

  • On Monday, October 2nd, Brett T. White sold 10,000 shares of MINDBODY stock. The stock was 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 stock was sold at an average price of $24.00, for a total transaction of $240,000.00.

MINDBODY, Inc. (MB) traded up $0.85 during trading on Friday, hitting $31.65. 132,040 shares of the stock were exchanged, compared to its average volume of 507,664.

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

ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by Community Financial News and is owned by of Community Financial News. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.com-unik.info/2017/11/03/mindbody-inc-mb-cfo-brett-t-white-sells-10000-shares.html.

A number of brokerages have commented on MB. KeyCorp reaffirmed a “buy” rating and set a $32.00 target price on shares of MINDBODY in a research note on Sunday, October 22nd. BidaskClub raised shares of MINDBODY from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Jefferies Group LLC began coverage on shares of MINDBODY in a research note on Thursday, August 24th. They set a “hold” rating and a $26.00 target price on the stock. Zacks Investment Research raised shares of MINDBODY from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Wednesday, September 27th. Finally, Craig Hallum reaffirmed a “buy” rating and set a $30.00 target price on shares of MINDBODY in a research note on Monday, September 25th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. MINDBODY currently has an average rating of “Buy” and an average target price of $30.95.

Institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. purchased a new stake in shares of MINDBODY in the 2nd quarter valued at approximately $37,529,000. Federated Investors Inc. PA raised its stake in shares of MINDBODY by 112.3% in the 2nd quarter. Federated Investors Inc. PA now owns 401,845 shares of the technology company’s stock valued at $10,930,000 after acquiring an additional 212,537 shares during the period. Bank of America Corp DE raised its stake in shares of MINDBODY by 5.2% in the 1st quarter. Bank of America Corp DE now owns 35,657 shares of the technology company’s stock valued at $979,000 after acquiring an additional 1,762 shares during the period. Vanguard Group Inc. raised its stake in shares of MINDBODY by 19.4% in the 1st quarter. Vanguard Group Inc. now owns 904,161 shares of the technology company’s stock valued at $24,820,000 after acquiring an additional 146,816 shares during the period. Finally, State of Wisconsin Investment Board purchased a new stake in shares of MINDBODY in the 2nd quarter valued at approximately $6,664,000. 84.67% 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)

What are top analysts saying about MINDBODY Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for MINDBODY Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit