Mimecast (NASDAQ:MIME) COO Edward Vincent Jennings sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, April 23rd. The stock was sold at an average price of $37.84, for a total transaction of $283,800.00. Following the completion of the transaction, the chief operating officer now owns 7,500 shares of the company’s stock, valued at $283,800. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
NASDAQ:MIME opened at $37.58 on Thursday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.41. Mimecast has a 12 month low of $23.48 and a 12 month high of $39.51. The company has a market capitalization of $2,178.34, a price-to-earnings ratio of -375.80 and a beta of 0.24.
Mimecast (NASDAQ:MIME) last posted its earnings results on Monday, February 12th. The technology company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Mimecast had a negative net margin of 3.51% and a negative return on equity of 9.88%. The business had revenue of $67.30 million during the quarter, compared to the consensus estimate of $64.92 million. The company’s revenue for the quarter was up 39.3% on a year-over-year basis. sell-side analysts forecast that Mimecast will post -0.17 earnings per share for the current year.
Several hedge funds have recently modified their holdings of the company. Peregrine Capital Management LLC grew its position in shares of Mimecast by 0.6% during the 4th quarter. Peregrine Capital Management LLC now owns 577,305 shares of the technology company’s stock valued at $16,551,000 after acquiring an additional 3,419 shares during the period. American Century Companies Inc. grew its position in shares of Mimecast by 2.8% during the 4th quarter. American Century Companies Inc. now owns 193,162 shares of the technology company’s stock valued at $5,538,000 after acquiring an additional 5,187 shares during the period. Bank of New York Mellon Corp grew its position in shares of Mimecast by 1.6% during the 4th quarter. Bank of New York Mellon Corp now owns 391,621 shares of the technology company’s stock valued at $11,229,000 after acquiring an additional 6,041 shares during the period. California Public Employees Retirement System grew its position in shares of Mimecast by 22.5% during the 3rd quarter. California Public Employees Retirement System now owns 34,413 shares of the technology company’s stock valued at $978,000 after acquiring an additional 6,313 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Mimecast by 28.4% during the 4th quarter. Geode Capital Management LLC now owns 44,509 shares of the technology company’s stock valued at $1,276,000 after acquiring an additional 9,850 shares during the period. 64.51% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently weighed in on MIME shares. Barclays restated a “buy” rating and issued a $40.00 price objective on shares of Mimecast in a report on Friday, April 13th. BidaskClub raised shares of Mimecast from a “hold” rating to a “buy” rating in a research report on Friday, April 13th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $38.00 target price on shares of Mimecast in a research report on Tuesday, February 13th. Needham & Company LLC lifted their target price on shares of Mimecast from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Finally, BMO Capital Markets lifted their target price on shares of Mimecast from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $37.60.
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Mimecast Company Profile
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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