Mimecast Ltd (NASDAQ:MIME) Director Neil Murray sold 19,348 shares of Mimecast stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $30.03, for a total transaction of $581,020.44. Following the transaction, the director now directly owns 1,572,317 shares of the company’s stock, valued at $47,216,679.51. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Neil Murray also recently made the following trade(s):

  • On Wednesday, February 19th, Neil Murray sold 35,000 shares of Mimecast stock. The shares were sold at an average price of $49.12, for a total transaction of $1,719,200.00.
  • On Tuesday, January 21st, Neil Murray sold 35,000 shares of Mimecast stock. The stock was sold at an average price of $49.86, for a total transaction of $1,745,100.00.

Shares of Mimecast stock opened at $33.77 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a 50 day simple moving average of $40.72 and a 200 day simple moving average of $42.28. Mimecast Ltd has a fifty-two week low of $25.14 and a fifty-two week high of $54.57. The firm has a market cap of $2.08 billion, a P/E ratio of -307.00, a P/E/G ratio of 31.92 and a beta of 1.38.

Mimecast (NASDAQ:MIME) last posted its quarterly earnings data on Monday, February 10th. The technology company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. The firm had revenue of $110.16 million for the quarter, compared to the consensus estimate of $108.12 million. Mimecast had a negative return on equity of 0.64% and a negative net margin of 1.64%. The business’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.09 EPS. On average, sell-side analysts expect that Mimecast Ltd will post 0.05 EPS for the current year.

MIME has been the subject of several recent analyst reports. ValuEngine raised shares of Mimecast from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. TheStreet raised Mimecast from a “c” rating to a “b” rating in a report on Thursday, February 13th. Monness Crespi & Hardt increased their price target on Mimecast from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Rosenblatt Securities raised their price target on Mimecast from $57.00 to $63.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $58.00 price target on shares of Mimecast in a report on Tuesday, February 11th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $57.88.

Several hedge funds have recently added to or reduced their stakes in MIME. Point72 Asset Management L.P. bought a new position in Mimecast in the fourth quarter valued at about $32,614,000. Millennium Management LLC raised its holdings in Mimecast by 2,270.3% during the 3rd quarter. Millennium Management LLC now owns 576,156 shares of the technology company’s stock worth $20,551,000 after purchasing an additional 551,849 shares during the last quarter. Norges Bank acquired a new position in Mimecast during the 4th quarter valued at about $15,072,000. CIBC Private Wealth Group LLC acquired a new position in Mimecast during the 4th quarter valued at about $9,467,000. Finally, Pictet Asset Management Ltd. acquired a new position in Mimecast during the 4th quarter valued at about $9,350,000. Institutional investors own 75.60% of the company’s stock.

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.

Further Reading: What are convertible shares? 

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

Receive News & Ratings for Mimecast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mimecast and related companies with MarketBeat.com's FREE daily email newsletter.