In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), MINDBODY Inc. (NASDAQ:MB) reported that Abdiel Qualified Master Fund Lp has picked up 3,861,459 of common stock as of 2017-06-01.
The acquisition brings the aggregate amount owned by Abdiel Qualified Master Fund Lp to a total of 3,861,459 representing less than 9.4% stake in the company.
For those not familiar with the company, MINDBODY, Inc. is a provider of cloud-based business management software for the wellness services industry and operates as a consumer marketplace with local business subscribers on its platform. The Company’s subscribers provide a range of wellness services to active consumers. Its integrated software and payments platform helps business owners in the wellness services industry run, market and build their businesses. It also helps consumers discover, evaluate, engage and transact with these businesses through the Web and mobile devices. The platform addresses various aspects of operating a wellness business, including client scheduling and online booking; retail point-of-sale; analytics and reporting; user experience; mobility; social integration; dynamic cloud-based architecture; open platform for third-party application development; integration with other cloud-based partners, and security and compliance.
A glance at MINDBODY Inc. (NASDAQ:MB)’s key stats reveals a current market capitalization of 1.28 Billion based on 45.36 Million shares outstanding and a price at last close of $28.27 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-05-25, Luxor picked up 257,500 at a purchase price of $27.95. This brings their total holding to 2,543,053 as of the date of the filing.
On the sell side, the most recent transaction saw Wills unload 1,040 shares at a sale price of $27.89. This brings their total holding to 23,388.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on MINDBODY Inc. (NASDAQ:MB) as things move forward to see if its progress aligns with these transactions.
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