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

Mindbody Inc. (NASDAQ:MB) insider Kimberly Gail Lytikainen sold 1,004 shares of the company’s stock in a transaction that occurred on 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 Securities & Exchange Commission, 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.

Shares of Mindbody traded down $0.75, reaching $38.35, during trading on Tuesday, MarketBeat Ratings reports. 267,400 shares of the stock were exchanged, compared to its average volume of 452,573. The company has a quick ratio of 8.10, a current ratio of 8.10 and a debt-to-equity ratio of 0.06. Mindbody Inc. has a 1-year low of $21.57 and a 1-year high of $45.50. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of -127.83 and a beta of -0.09.

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

Several large investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in Mindbody during the first quarter worth $122,000. Sei Investments Co. bought a new stake in Mindbody during the first quarter worth $143,000. Granite Springs Asset Management LLC bought a new stake in Mindbody during the first quarter worth $210,000. Xact Kapitalforvaltning AB bought a new stake in Mindbody during the first quarter worth $223,000. Finally, Amalgamated Bank bought a new stake in Mindbody during the first quarter worth $223,000. 90.56% of the stock is currently owned by institutional investors.

MB has been the topic of several recent analyst reports. DA Davidson reissued a “buy” rating on shares of Mindbody in a research note on Wednesday, May 9th. Craig Hallum lowered Mindbody from a “buy” rating to a “hold” rating and set a $28.00 price target on the stock. in a research note on Wednesday, May 9th. Morgan Stanley boosted their price target on Mindbody from $39.00 to $42.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 9th. Credit Suisse Group reissued a “neutral” rating and issued a $36.00 price target on shares of Mindbody in a research note on Wednesday, May 9th. Finally, BidaskClub raised Mindbody from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. Mindbody presently has an average rating of “Buy” and an average target price 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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