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

MINDBODY, Inc. (NASDAQ:MB) insider Kimberly Gail Lytikainen sold 30,500 shares of the company’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $27.99, for a total transaction of $853,695.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

MINDBODY, Inc. (NASDAQ MB) opened at 27.90 on Friday. The company’s market cap is $1.29 billion. The stock’s 50 day moving average is $26.21 and its 200-day moving average is $26.21. MINDBODY, Inc. has a 52-week low of $16.95 and a 52-week 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, beating the consensus estimate of ($0.05) by $0.04. MINDBODY had a negative net margin of 11.34% and a negative return on equity of 12.49%. The company had revenue of $44.10 million for the quarter, compared to analysts’ expectations of $44.11 million. During the same quarter in the previous year, the company earned ($0.10) earnings per share. MINDBODY’s quarterly revenue was up 31.3% on a year-over-year basis. Equities research analysts predict that MINDBODY, Inc. will post ($0.09) EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Kimberly Gail Lytikainen Sells 30,500 Shares of MINDBODY, Inc. (MB) Stock” was first reported by Stock Observer and is owned by of Stock Observer. If you are reading this report on another publication, it was stolen and reposted in violation of US and international copyright & trademark laws. The original version of this report can be viewed at https://www.thestockobserver.com/2017/10/13/kimberly-gail-lytikainen-sells-30500-shares-of-mindbody-inc-mb-stock.html.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC boosted its stake in MINDBODY by 481.5% during the second quarter. FMR LLC now owns 3,150,890 shares of the technology company’s stock worth $85,705,000 after acquiring an additional 2,609,059 shares in the last quarter. Capital World Investors boosted its stake in MINDBODY by 14.7% during the second quarter. Capital World Investors now owns 2,593,000 shares of the technology company’s stock worth $70,530,000 after acquiring an additional 333,000 shares in the last quarter. Vanguard Group Inc. boosted its stake in MINDBODY by 67.2% during the second quarter. Vanguard Group Inc. now owns 1,511,343 shares of the technology company’s stock worth $41,109,000 after acquiring an additional 607,182 shares in the last quarter. Clearbridge Investments LLC boosted its stake in MINDBODY by 0.7% during the first quarter. Clearbridge Investments LLC now owns 1,484,458 shares of the technology company’s stock worth $40,748,000 after acquiring an additional 9,596 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new stake in MINDBODY during the second quarter worth about $37,529,000. Institutional investors own 92.75% of the company’s stock.

A number of analysts have commented on the stock. BidaskClub raised shares of MINDBODY from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. KeyCorp reissued a “hold” rating on shares of MINDBODY in a research report on Thursday, July 27th. Jefferies Group LLC began coverage on shares of MINDBODY in a research report on Thursday, August 24th. They set a “hold” rating and a $26.00 price objective on the stock. Zacks Investment Research raised shares of MINDBODY from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Wednesday, September 27th. Finally, Craig Hallum reissued a “buy” rating and set a $30.00 price objective on shares of MINDBODY in a research report on Monday, September 25th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average 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)

Receive News & Ratings for MINDBODY Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MINDBODY Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply