Dupont Capital Management Corp acquired a new stake in MINDBODY Inc (NASDAQ:MB) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 62,600 shares of the technology company’s stock, valued at approximately $2,279,000. Dupont Capital Management Corp owned about 0.13% of MINDBODY at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Bank of Montreal Can boosted its position in shares of MINDBODY by 147.9% during the 4th quarter. Bank of Montreal Can now owns 1,014 shares of the technology company’s stock worth $37,000 after purchasing an additional 605 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in shares of MINDBODY during the 3rd quarter worth $201,000. Whetstone Capital Advisors LLC purchased a new stake in shares of MINDBODY during the 3rd quarter worth $232,000. Public Employees Retirement Association of Colorado purchased a new stake in shares of MINDBODY during the 3rd quarter worth $259,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of MINDBODY during the 3rd quarter worth $302,000.
In related news, CFO Brett T. White sold 10,000 shares of the business’s stock in a transaction dated Monday, December 24th. The shares were sold at an average price of $36.32, for a total value of $363,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard Lee Stollmeyer sold 17,739 shares of the business’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $27.85, for a total transaction of $494,031.15. The disclosure for this sale can be found here. Insiders sold a total of 57,427 shares of company stock valued at $1,936,999 in the last three months. 6.02% of the stock is currently owned by corporate insiders.
NASDAQ:MB opened at $36.51 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 9.45 and a current ratio of 9.45. MINDBODY Inc has a 52-week low of $21.61 and a 52-week high of $45.50.
MINDBODY (NASDAQ:MB) last released its quarterly earnings results on Tuesday, November 6th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, topping the 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 business had revenue of $63.80 million during the quarter, compared to the consensus estimate of $63.99 million. During the same quarter in the previous year, the company posted $0.01 EPS. The business’s revenue was up 36.9% on a year-over-year basis. As a group, research analysts forecast that MINDBODY Inc will post -0.67 EPS for the current fiscal year.
Several equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of MINDBODY from a “sell” rating to a “hold” rating in a research report on Wednesday, January 9th. Jefferies Financial Group lowered shares of MINDBODY from a “buy” rating to a “hold” rating in a research report on Wednesday, January 9th. JMP Securities downgraded MINDBODY from an “outperform” rating to a “market perform” rating and set a $36.42 price target for the company. in a research note on Thursday, January 24th. TheStreet raised MINDBODY from a “d+” rating to a “c-” rating in a research note on Thursday, January 24th. Finally, BidaskClub downgraded MINDBODY from a “hold” rating to a “sell” rating in a research note on Saturday, February 2nd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $36.29.
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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.
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