Significant Insider Buying Reverses neutral Trend over Last 90 Days in Shares of MINDBODY (MB)

Thursday, September 21, 2017 10:15 PM ET

Significant Insider Buying Reverses neutral Trend over Last 90 Days in Shares of MINDBODY (MB)

One MINDBODY insider — Luxor Capital Group Lp, 10% Owner — today, purchased 420,048 shares having a market value of approximately $10,469,776, as disclosed in a form 4 document filed with the SEC. This is the first insider buy/sell trade in the past 90 days.

Compared to its peers over the last 90 days, insider buy/sell trading at MINDBODY is less than the 91-company peer group average. Software peer group saw 157 buy/sell trades during this period for an average of 1.7 transactions per company. However, the number of shares per buy/sell trade for MINDBODY is higher. Within the peer group there were 676,905 shares purchased and 10,257,494 shares sold with company insiders having sold 61,023 shares on average.

The data used in evaluating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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