Monday, October 16, 2017 10:15 PM ET
MINDBODY (MB) Insider Makes Significant Share purchase Extending the Buying Trend over Last Quarter
Notable insider buying activity was revealed in MINDBODY shares in a form 4 document filed with the SEC today, showing — Luxor Capital Group Lp, 10% Owner — acquired 83,022 shares in the company having a net market value of approximately $2,320,375. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 872,572 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 955,594 shares and have averaged 477,797 shares per transaction over this time period.
The number of buy-sell trades for MINDBODY is close to that of the 94 member peer company average. The Software peer group saw 167 buy/sell trades during this period for an average of 1.8 transactions per company. However, the number of shares per buy/sell trade transacted by MINDBODY insiders is higher. Within the peer group there were 1,625,950 shares purchased and 10,204,229 shares sold with company insiders selling 51,367 shares on average.
In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to evaluate and write this story.
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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