Mimecast Ltd (NASDAQ:MIME) COO Edward Vincent Jennings sold 11,000 shares of Mimecast stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $44.12, for a total transaction of $485,320.00. Following the completion of the transaction, the chief operating officer now directly owns 12,251 shares in the company, valued at $540,514.12. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Edward Vincent Jennings also recently made the following trade(s):
- On Monday, May 13th, Edward Vincent Jennings sold 11,000 shares of Mimecast stock. The shares were sold at an average price of $49.11, for a total transaction of $540,210.00.
- On Thursday, April 11th, Edward Vincent Jennings sold 11,000 shares of Mimecast stock. The shares were sold at an average price of $47.95, for a total transaction of $527,450.00.
Shares of MIME opened at $43.92 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.30 and a current ratio of 1.30. Mimecast Ltd has a 1 year low of $29.67 and a 1 year high of $54.57.
Mimecast (NASDAQ:MIME) last announced its quarterly earnings data on Monday, May 13th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). The firm had revenue of $92.20 million during the quarter, compared to analyst estimates of $91.34 million. Mimecast had a negative net margin of 2.06% and a negative return on equity of 2.72%. The business’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.05) earnings per share. Sell-side analysts anticipate that Mimecast Ltd will post 0.09 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Advisor Group Inc. increased its stake in Mimecast by 33.6% in the 1st quarter. Advisor Group Inc. now owns 970 shares of the technology company’s stock valued at $46,000 after buying an additional 244 shares during the period. First Mercantile Trust Co. grew its stake in shares of Mimecast by 223.4% during 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 acquired a new position in shares of Mimecast during the 1st quarter worth $49,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Mimecast during the 4th quarter worth $72,000. Finally, NumerixS Investment Technologies Inc grew its stake in shares of Mimecast by 19.5% during the 1st quarter. NumerixS Investment Technologies Inc now owns 2,390 shares of the technology company’s stock worth $114,000 after purchasing an additional 390 shares during the period. 71.70% of the stock is currently owned by institutional investors.
A number of equities analysts have recently commented on the stock. BidaskClub cut shares of Mimecast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 14th. ValuEngine cut shares of Mimecast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 14th. Imperial Capital reaffirmed an “outperform” rating and issued a $55.00 target price (up from $52.00) on shares of Mimecast in a report on Tuesday, May 14th. Bank of America assumed coverage on shares of Mimecast in a report on Friday, April 12th. They issued a “buy” rating and a $60.00 target price on the stock. Finally, BMO Capital Markets lifted their target price on shares of Mimecast from $52.00 to $55.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $54.31.
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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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