Monday, March 05, 2018 10:15 PM ET
Significant Insider purchase of MINDBODY (MB) Shares Extends the Buying Trend of 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 147,189 shares in the company having a net market value of approximately $5,381,321. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 43,000 company shares and the disposition of 610 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 189,579 shares and have averaged 63,600 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at MINDBODY is above its 100-company peer group average. The Software peer group saw 129 buy/sell trades during this period for an average of 1.3 transactions per company. However, the number of shares traded per transaction by MINDBODY insiders is lower than its peers. Within the peer group there were 306,900 shares purchased and 14,508,203 shares sold with company insiders having sold 110,088 shares on average over this time period.
The data obtained in creating 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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