MINDBODY, Inc. (MB) Major Shareholder Luxor Capital Group, Lp Buys 83,022 Shares of Stock

MINDBODY, Inc. (NASDAQ:MB) major shareholder Luxor Capital Group, Lp bought 83,022 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was acquired at an average cost of $27.95 per share, with a total value of $2,320,464.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Luxor Capital Group, Lp also recently made the following trade(s):

  • On Thursday, October 5th, Luxor Capital Group, Lp bought 341,079 shares of MINDBODY stock. The stock was acquired at an average cost of $27.95 per share, with a total value of $9,533,158.05.
  • On Monday, October 2nd, Luxor Capital Group, Lp acquired 111,445 shares of MINDBODY stock. The shares were purchased at an average cost of $26.45 per share, with a total value of $2,947,720.25.
  • On Thursday, September 21st, Luxor Capital Group, Lp acquired 420,048 shares of MINDBODY stock. The shares were purchased at an average cost of $24.93 per share, with a total value of $10,471,796.64.

MINDBODY, Inc. (NASDAQ:MB) opened at 27.95 on Tuesday. The firm’s market capitalization is $1.30 billion. The stock’s 50 day moving average price is $26.29 and its 200 day moving average price is $26.29. MINDBODY, Inc. has a 52-week low of $16.95 and a 52-week high of $29.75.

MINDBODY (NASDAQ:MB) last released its quarterly earnings results on Wednesday, July 26th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. The business had revenue of $44.10 million during the quarter, compared to the consensus estimate of $44.11 million. MINDBODY had a negative return on equity of 12.49% and a negative net margin of 11.34%. The company’s quarterly revenue was up 31.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.10) EPS. On average, analysts predict that MINDBODY, Inc. will post ($0.09) EPS for the current fiscal year.

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Several research firms have recently weighed in on MB. BidaskClub raised MINDBODY from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 24th. Craig Hallum reaffirmed a “buy” rating and set a $30.00 price objective on shares of MINDBODY in a research report on Monday, September 25th. Zacks Investment Research raised MINDBODY from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Thursday, July 6th. KeyCorp reaffirmed a “hold” rating on shares of MINDBODY in a research report on Thursday, July 27th. Finally, Roth Capital reaffirmed a “buy” rating and set a $31.50 price objective on shares of MINDBODY in a research report on Thursday, September 28th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. MINDBODY has a consensus rating of “Buy” and a consensus price target of $30.95.

A number of hedge funds have recently added to or reduced their stakes in MB. Wells Fargo & Company MN boosted its stake in MINDBODY by 9.4% during the 1st quarter. Wells Fargo & Company MN now owns 81,124 shares of the technology company’s stock valued at $2,228,000 after purchasing an additional 6,961 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in MINDBODY by 5.5% during the 1st quarter. Bank of New York Mellon Corp now owns 140,570 shares of the technology company’s stock valued at $3,858,000 after purchasing an additional 7,292 shares during the last quarter. Swiss National Bank boosted its stake in MINDBODY by 52.1% during the 1st quarter. Swiss National Bank now owns 22,200 shares of the technology company’s stock valued at $609,000 after purchasing an additional 7,600 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in MINDBODY by 102.8% during the 1st quarter. Parametric Portfolio Associates LLC now owns 43,895 shares of the technology company’s stock valued at $1,205,000 after purchasing an additional 22,251 shares during the last quarter. Finally, American International Group Inc. boosted its stake in MINDBODY by 7.1% during the 1st quarter. American International Group Inc. now owns 8,871 shares of the technology company’s stock valued at $244,000 after purchasing an additional 588 shares during the last quarter. Institutional investors and hedge funds own 92.75% of the company’s stock.

About MINDBODY

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)

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