Insider Selling: Mindbody Inc. (MB) Insider Sells $38,884.92 in Stock

Mindbody Inc. (NASDAQ:MB) insider Kimberly Gail Lytikainen sold 1,004 shares of the stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $38.73, for a total value of $38,884.92. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

  • On Monday, May 7th, Kimberly Gail Lytikainen sold 3,500 shares of Mindbody stock. The shares were sold at an average price of $44.66, for a total value of $156,310.00.
  • On Wednesday, March 7th, Kimberly Gail Lytikainen sold 25,091 shares of Mindbody stock. The shares were sold at an average price of $37.84, for a total value of $949,443.44.

MB stock traded up $0.05 during trading on Friday, hitting $37.55. 6,104 shares of the company traded hands, compared to its average volume of 703,180. The stock has a market capitalization of $1.84 billion, a PE ratio of -124.83 and a beta of -0.09. Mindbody Inc. has a 1 year low of $21.57 and a 1 year high of $45.50. The company has a debt-to-equity ratio of 0.06, a current ratio of 8.10 and a quick ratio of 8.10.

Mindbody (NASDAQ:MB) last issued its earnings results on Tuesday, May 8th. The technology company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.02. The company had revenue of $53.82 million during the quarter, compared to analysts’ expectations of $53.84 million. Mindbody had a negative return on equity of 4.62% and a negative net margin of 6.47%. Mindbody’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.03) EPS. analysts anticipate that Mindbody Inc. will post -0.57 EPS for the current year.

Hedge funds have recently modified their holdings of the stock. AGF Investments America Inc. purchased a new stake in Mindbody in the 1st quarter worth approximately $657,000. Two Sigma Investments LP lifted its holdings in Mindbody by 24.3% in the 4th quarter. Two Sigma Investments LP now owns 187,549 shares of the technology company’s stock worth $5,711,000 after buying an additional 36,605 shares during the period. Quadrature Capital Ltd purchased a new stake in Mindbody in the 4th quarter worth approximately $453,000. Schwab Charles Investment Management Inc. lifted its holdings in Mindbody by 10.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 171,159 shares of the technology company’s stock worth $5,212,000 after buying an additional 16,094 shares during the period. Finally, Swiss National Bank lifted its holdings in Mindbody by 5.2% in the 4th quarter. Swiss National Bank now owns 50,400 shares of the technology company’s stock worth $1,535,000 after buying an additional 2,500 shares during the period. Institutional investors own 90.56% of the company’s stock.

Several brokerages have recently commented on MB. ValuEngine upgraded Mindbody from a “buy” rating to a “strong-buy” rating in a research report on Monday, May 7th. BidaskClub upgraded Mindbody from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 8th. Morgan Stanley increased their price objective on Mindbody from $39.00 to $42.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 9th. Craig Hallum cut Mindbody from a “buy” rating to a “hold” rating and set a $28.00 target price for the company. in a report on Wednesday, May 9th. Finally, Credit Suisse Group restated a “neutral” rating and set a $36.00 target price on shares of Mindbody in a report on Wednesday, May 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $36.86.

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.

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

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