Mindbody, Inc. (MB) Files Form 4 Insider Selling : Richard Lee Stollmeyer Sells 21,760 Shares

Mindbody, Inc. (MB): Richard Lee Stollmeyer , President & CEO of Mindbody, Inc. sold 21,760 shares on Jul 1, 2016. The Insider selling transaction was reported by the company on Jul 6, 2016 to the Securities and Exchange Commission. The shares were sold at $15.93 per share for a total value of $346,693.38 , 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 30, 2016, Richard Lee Stollmeyer (President & CEO) sold 5,440 shares at $16.00 per share price.On Jun 17, 2016, Chet Ian Brandenburg (Chief Product Officer) sold 1,500 shares at $14.00 per share price.Also, On Jun 3, 2016, Robert John Murphy (Chief Operating Officer) sold 34,600 shares at $13.40 per share price.On May 13, 2016, Jeremy S. Levine (director) sold 0 shares at $0.00 per share price.

Shares of MINDBODY Inc (MB) ended Tuesday, Jul 6, 2016 session in red amid volatile trading. The shares closed down -0.39 points or -2.41% at $15.76 with 1,83,789 shares getting traded. Post opening the session at $16.1, the shares hit an intraday low of $15.46 and an intraday high of $16.1 and the price vacillated in this range throughout the day. The company has a market cap of $626 M and the number of outstanding shares has been calculated to be 3,96,91,595 shares. The 52-week high of MINDBODY Inc is $18.39 and the 52-week low is $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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