MINDBODY Inc (MB) Holdings Reduced by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its stake in MINDBODY Inc (NASDAQ:MB) by 31.0% during the fourth quarter, Holdings Channel reports. The firm owned 845,399 shares of the technology company’s stock after selling 380,001 shares during the period. Renaissance Technologies LLC’s holdings in MINDBODY were worth $25,742,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Nationwide Fund Advisors boosted its holdings in shares of MINDBODY by 8.7% in the 3rd quarter. Nationwide Fund Advisors now owns 22,669 shares of the technology company’s stock valued at $586,000 after purchasing an additional 1,814 shares during the last quarter. California Public Employees Retirement System boosted its holdings in shares of MINDBODY by 11.2% in the 4th quarter. California Public Employees Retirement System now owns 18,826 shares of the technology company’s stock valued at $573,000 after purchasing an additional 1,900 shares during the last quarter. Moody Aldrich Partners LLC boosted its holdings in shares of MINDBODY by 15.6% in the 3rd quarter. Moody Aldrich Partners LLC now owns 14,665 shares of the technology company’s stock valued at $379,000 after purchasing an additional 1,975 shares during the last quarter. Swiss National Bank boosted its holdings in shares of MINDBODY by 5.2% in the 4th quarter. Swiss National Bank now owns 50,400 shares of the technology company’s stock valued at $1,535,000 after purchasing an additional 2,500 shares during the last quarter. Finally, California State Teachers Retirement System boosted its holdings in shares of MINDBODY by 4.2% in the 3rd quarter. California State Teachers Retirement System now owns 68,032 shares of the technology company’s stock valued at $1,759,000 after purchasing an additional 2,725 shares during the last quarter. Institutional investors own 89.06% of the company’s stock.

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MB has been the topic of several recent research reports. KeyCorp restated an “overweight” rating and set a $47.00 target price (up previously from $41.00) on shares of MINDBODY in a report on Tuesday, March 13th. BidaskClub lowered shares of MINDBODY from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Credit Suisse Group restated an “outperform” rating and set a $36.00 target price (up previously from $33.00) on shares of MINDBODY in a report on Thursday, February 22nd. Craig Hallum restated a “buy” rating and set a $40.00 target price (up previously from $32.00) on shares of MINDBODY in a report on Thursday, February 22nd. Finally, Morgan Stanley lifted their target price on shares of MINDBODY from $34.00 to $37.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $37.63.

In other news, insider Kunal Mittal sold 6,210 shares of the business’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $40.00, for a total value of $248,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard Lee Stollmeyer sold 17,741 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $30.30, for a total transaction of $537,552.30. The disclosure for this sale can be found here. In the last quarter, insiders acquired 234,777 shares of company stock worth $8,298,316 and sold 157,838 shares worth $5,683,757. Insiders own 8.22% of the company’s stock.

MB stock opened at $39.65 on Friday. MINDBODY Inc has a 1-year low of $21.57 and a 1-year high of $43.45. The company has a debt-to-equity ratio of 0.06, a current ratio of 8.66 and a quick ratio of 8.66.

MINDBODY (NASDAQ:MB) last issued its quarterly earnings data on Wednesday, February 21st. The technology company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. MINDBODY had a negative net margin of 8.10% and a negative return on equity of 6.29%. The firm had revenue of $49.70 million for the quarter, compared to analyst estimates of $48.96 million. During the same quarter in the previous year, the business posted ($0.04) EPS. The firm’s revenue was up 30.1% compared to the same quarter last year. sell-side analysts expect that MINDBODY Inc will post -0.12 EPS for the current year.

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MINDBODY Profile

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.

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Institutional Ownership by Quarter for MINDBODY (NASDAQ:MB)

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