MINDBODY Inc (MB) Insider Sells $363,796.35 in Stock

MINDBODY Inc (NASDAQ:MB) insider Kimberly Gail Lytikainen sold 9,437 shares of the company’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $38.55, for a total value of $363,796.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Kimberly Gail Lytikainen also recently made the following trade(s):

  • On Tuesday, August 28th, Kimberly Gail Lytikainen sold 641 shares of MINDBODY stock. The shares were sold at an average price of $36.89, for a total value of $23,646.49.
  • On Tuesday, August 7th, Kimberly Gail Lytikainen sold 16,794 shares of MINDBODY stock. The shares were sold at an average price of $37.00, for a total value of $621,378.00.

MB stock traded up $0.13 during mid-day trading on Friday, hitting $41.25. The stock had a trading volume of 814,971 shares, compared to its average volume of 544,435. The company has a debt-to-equity ratio of 0.86, a current ratio of 9.61 and a quick ratio of 9.61. MINDBODY Inc has a 1-year low of $27.60 and a 1-year high of $45.50. The firm has a market cap of $1.94 billion, a P/E ratio of -137.50 and a beta of -0.20.

MINDBODY (NASDAQ:MB) last issued its earnings results on Tuesday, July 31st. The technology company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.04). MINDBODY had a negative return on equity of 6.83% and a negative net margin of 11.85%. The firm had revenue of $61.61 million during the quarter, compared to analyst estimates of $60.48 million. As a group, research analysts expect that MINDBODY Inc will post -0.63 EPS for the current year.

MB has been the topic of several recent analyst reports. TheStreet raised MINDBODY from a “d+” rating to a “c” rating in a research report on Monday, June 18th. William Blair initiated coverage on MINDBODY in a research report on Wednesday, September 26th. They set a “market perform” rating on the stock. Wells Fargo & Co initiated coverage on MINDBODY in a research report on Friday, September 7th. They set an “outperform” rating and a $45.00 price target on the stock. Credit Suisse Group dropped their price target on MINDBODY from $41.00 to $38.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 1st. Finally, DA Davidson upped their price target on MINDBODY to $48.00 and gave the company a “buy” rating in a research report on Wednesday, September 19th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $40.20.

Hedge funds have recently modified their holdings of the business. Fox Run Management L.L.C. bought a new stake in shares of MINDBODY during the 3rd quarter worth about $310,000. Northern Trust Corp boosted its stake in shares of MINDBODY by 3.5% during the 2nd quarter. Northern Trust Corp now owns 491,938 shares of the technology company’s stock worth $18,988,000 after acquiring an additional 16,598 shares in the last quarter. California Public Employees Retirement System bought a new stake in shares of MINDBODY during the 2nd quarter worth about $313,000. DF Dent & Co. Inc. bought a new stake in shares of MINDBODY during the 2nd quarter worth about $826,000. Finally, Arrowgrass Capital Partners US LP bought a new stake in shares of MINDBODY during the 2nd quarter worth about $4,439,000. 96.82% of the stock is currently owned by institutional investors.

About MINDBODY

MINDBODY, Inc operates a cloud-based business management software and payments platform for the small and medium-sized businesses in the wellness services industry. Its platform enables businesses to run, market, and build scheduling and online booking, performance tracking, staff management, client relationship management, integrated payment processing, retail point-of-sale, purchase tracking, inventory, hardware integration, analytics and reporting, branded Web, mobility, social integration, client acquisition dashboard, security and compliance, and integration with other cloud-based partners for yoga, Pilates, indoor cycling, group and personal training, boutique fitness, salons, spas, and integrative health businesses.

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

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