Mimecast Ltd (NASDAQ:MIME) COO Edward Vincent Jennings sold 11,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $38.55, for a total transaction of $424,050.00. Following the sale, the chief operating officer now directly owns 12,251 shares of the company’s stock, valued at approximately $472,276.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Edward Vincent Jennings also recently made the following trade(s):

  • On Monday, August 12th, Edward Vincent Jennings sold 11,000 shares of Mimecast stock. The shares were sold at an average price of $42.90, for a total transaction of $471,900.00.
  • On Thursday, July 11th, Edward Vincent Jennings sold 11,000 shares of Mimecast stock. The shares were sold at an average price of $49.08, for a total transaction of $539,880.00.

NASDAQ:MIME traded up $0.15 during trading hours on Friday, reaching $38.77. The company had a trading volume of 545,276 shares, compared to its average volume of 535,535. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.49. Mimecast Ltd has a 52 week low of $29.67 and a 52 week high of $54.57. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of -553.86, a PEG ratio of 38.10 and a beta of 1.20. The firm’s 50 day moving average price is $43.77 and its 200-day moving average price is $46.51.

Mimecast (NASDAQ:MIME) last posted its earnings results on Monday, August 5th. The technology company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.11. Mimecast had a negative net margin of 2.09% and a negative return on equity of 2.63%. The business had revenue of $99.23 million during the quarter, compared to the consensus estimate of $97.32 million. During the same quarter in the previous year, the firm posted $0.04 EPS. The firm’s revenue was up 26.6% on a year-over-year basis. On average, analysts forecast that Mimecast Ltd will post 0.05 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC bought a new stake in Mimecast in the 2nd quarter worth approximately $32,000. First Mercantile Trust Co. grew its position in Mimecast by 223.4% in the 1st quarter. First Mercantile Trust Co. now owns 1,035 shares of the technology company’s stock worth $49,000 after purchasing an additional 715 shares during the period. Marshall Wace LLP bought a new stake in Mimecast in the 1st quarter worth approximately $49,000. Advisor Group Inc. grew its position in Mimecast by 39.1% in the 2nd quarter. Advisor Group Inc. now owns 1,349 shares of the technology company’s stock worth $64,000 after purchasing an additional 379 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Mimecast in the 2nd quarter worth approximately $79,000. 71.56% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on MIME shares. Robert W. Baird reissued a “buy” rating and set a $58.00 price target on shares of Mimecast in a research report on Tuesday, August 6th. Wedbush reduced their price target on shares of Mimecast from $50.00 to $46.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. Berenberg Bank started coverage on shares of Mimecast in a research report on Friday, May 31st. They set a “buy” rating and a $59.00 price target for the company. ValuEngine downgraded shares of Mimecast from a “buy” rating to a “hold” rating in a research report on Monday, August 12th. Finally, Cowen started coverage on shares of Mimecast in a research report on Thursday, May 23rd. They set an “outperform” rating and a $60.00 price target for the company. Four research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $55.56.

About Mimecast

Mimecast Limited, a email and data security company, provides cloud security and risk management services for corporate information and email. The company offers Mimecast Email Security services, including targeted threat protection services, such as URL Protect that addresses the threat from emails containing malicious links; Attachment Protect that reduces threat from weaponized or malware-laden attachments used in spear-phishing and other attacks; Impersonation Protect that gives protection from malware-less social engineering attacks; and Internal Email Protect, which allows customers to monitor, detect, and remediate security threats that originate from within their internal email systems.

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Insider Buying and Selling by Quarter for Mimecast (NASDAQ:MIME)

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