MINDBODY Inc (NASDAQ:MB) CEO Richard Lee Stollmeyer sold 17,739 shares of the firm’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $27.85, for a total value of $494,031.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Richard Lee Stollmeyer also recently made the following trade(s):

  • On Thursday, November 1st, Richard Lee Stollmeyer sold 17,739 shares of MINDBODY stock. The shares were sold at an average price of $32.98, for a total value of $585,032.22.
  • On Monday, October 1st, Richard Lee Stollmeyer sold 17,739 shares of MINDBODY stock. The shares were sold at an average price of $40.59, for a total value of $720,026.01.

Shares of NASDAQ:MB traded down $0.50 on Thursday, reaching $26.20. 996,200 shares of the company traded hands, compared to its average volume of 631,868. MINDBODY Inc has a 52 week low of $23.02 and a 52 week high of $45.50. The stock has a market capitalization of $1.28 billion, a P/E ratio of -87.37 and a beta of 0.31. The company has a current ratio of 9.45, a quick ratio of 9.45 and a debt-to-equity ratio of 0.89.

MINDBODY (NASDAQ:MB) last announced its quarterly earnings data on Tuesday, November 6th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.02. MINDBODY had a negative return on equity of 9.15% and a negative net margin of 16.91%. The firm had revenue of $63.80 million for the quarter, compared to analysts’ expectations of $63.99 million. During the same period last year, the firm earned $0.01 earnings per share. The company’s revenue for the quarter was up 36.9% compared to the same quarter last year. As a group, research analysts predict that MINDBODY Inc will post -0.67 EPS for the current year.

A number of equities research analysts have weighed in on the company. TheStreet downgraded MINDBODY from a “c-” rating to a “d+” rating in a research report on Wednesday, November 7th. BidaskClub downgraded MINDBODY from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 11th. Zacks Investment Research downgraded MINDBODY from a “hold” rating to a “sell” rating in a research report on Wednesday. DA Davidson set a $33.00 price target on MINDBODY and gave the company a “buy” rating in a research report on Wednesday, November 7th. Finally, UBS Group downgraded MINDBODY from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. MINDBODY has a consensus rating of “Hold” and a consensus target price of $33.70.

Several large investors have recently made changes to their positions in MB. D.A. Davidson & CO. bought a new stake in shares of MINDBODY in the third quarter worth about $201,000. Whetstone Capital Advisors LLC bought a new stake in shares of MINDBODY in the third quarter worth about $232,000. Public Employees Retirement Association of Colorado bought a new stake in shares of MINDBODY in the third quarter worth about $259,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of MINDBODY in the second quarter worth about $265,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of MINDBODY in the third quarter worth about $302,000.

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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.

Further Reading: Earnings Per Share

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

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