Mindbody, Inc. (MB) Files Form 4 Insider Selling : Chet Ian Brandenburg Sells 1,500 Shares

Mindbody, Inc. (MB): Chet Ian Brandenburg , Chief Product Officer of Mindbody, Inc. sold 1,500 shares on Jun 15, 2016. The Insider selling transaction was reported by the company on Jun 17, 2016 to the Securities and Exchange Commission. The shares were sold at $14.00 per share for a total value of $21,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 17, 2016, Richard Lee Stollmeyer (President & CEO) sold 5,440 shares at $14.00 per share price.On Jun 3, 2016, Robert John Murphy (Chief Operating Officer) sold 34,600 shares at $13.40 per share price.Also, On Jun 3, 2016, Chet Ian Brandenburg (Chief Product Officer) sold 3,000 shares at $13.42 per share price.On May 13, 2016, Jeremy S. Levine (director) sold 0 shares at $0.00 per share price.

MINDBODY Inc: On Wednesday, Jun 15, 2016 heightened volatility was witnessed in MINDBODY Inc which led to swings in the share price. The shares opened for trading at $13.47 and hit $14.08 on the upside , eventually ending the session at $13.89, with a gain of 3.81% or 0.51 points. The heightened volatility saw the trading volume jump to 3,75,675 shares. The 52-week high of the share price is $18.39 and the company has a market cap of $551 M . The 52-week low of the share price is at $9.14.

MINDBODY Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.MINDBODY Inc is Initiated by Imperial Capital to Outperform and the brokerage firm has set the Price Target at $18. The Rating was issued on Jun 7, 2016.

MINDBODY Inc. is a company that operates an online wellness services marketplace with over 42000 local business subscribers. Through its integrated cloud-based business management software and payments platform the Company enables businesses to manage class and appointment schedules staff members client information online bookings inventory payroll and retail sales. The Company also offers marketing and client retention capabilities to help businesses acquire and retain their clients and analytics capabilities to help them improve their businesses and plan for the future. It connects consumers with local businesses through its MINDBODY Connect platform which powers a mobile interface that allows consumers to discover evaluate book and pay for wellness services whether they are near their homes or traveling. Its Connect Workplace offering extends its platform to corporate employers. Its applications and add-ons include MINDBODY Express and Engage by MINDBODY Connect.

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