Mimecast Ltd (NASDAQ:MIME) Director Neil Murray sold 25,000 shares of the firm’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $47.94, for a total transaction of $1,198,500.00. Following the completion of the transaction, the director now directly owns 2,284,147 shares of the company’s stock, valued at approximately $109,502,007.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

  • On Friday, March 22nd, Neil Murray sold 25,000 shares of Mimecast stock. The shares were sold at an average price of $46.65, for a total transaction of $1,166,250.00.
  • On Friday, February 22nd, Neil Murray sold 25,000 shares of Mimecast stock. The shares were sold at an average price of $48.31, for a total transaction of $1,207,750.00.

Shares of NASDAQ MIME traded up $0.78 during mid-day trading on Tuesday, reaching $49.50. 417,010 shares of the company were exchanged, compared to its average volume of 614,902. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market cap of $2.87 billion, a PE ratio of -260.53, a P/E/G ratio of 14.85 and a beta of 1.10. Mimecast Ltd has a twelve month low of $29.67 and a twelve month high of $51.66.

Mimecast (NASDAQ:MIME) last posted its earnings results on Monday, February 11th. The technology company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04). The company had revenue of $87.61 million for the quarter, compared to analyst estimates of $84.80 million. Mimecast had a negative return on equity of 6.51% and a negative net margin of 4.14%. As a group, analysts predict that Mimecast Ltd will post -0.03 EPS for the current fiscal year.

MIME has been the subject of a number of analyst reports. ValuEngine raised shares of Mimecast from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 13th. Summit Insights raised shares of Mimecast from a “hold” rating to a “buy” rating in a research report on Tuesday, February 12th. Monness Crespi & Hardt reissued a “buy” rating and issued a $52.00 price objective (up previously from $45.00) on shares of Mimecast in a research report on Tuesday, February 12th. BMO Capital Markets lifted their price objective on shares of Mimecast from $43.00 to $52.00 and gave the company an “outperform” rating in a research report on Tuesday, February 12th. Finally, BidaskClub raised shares of Mimecast from a “hold” rating to a “buy” rating in a research report on Thursday, January 31st. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $51.53.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Roundview Capital LLC lifted its stake in shares of Mimecast by 3.9% during the 4th quarter. Roundview Capital LLC now owns 20,561 shares of the technology company’s stock worth $691,000 after buying an additional 781 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Mimecast by 1,011.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 245,636 shares of the technology company’s stock worth $8,260,000 after buying an additional 223,526 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Mimecast during the 4th quarter worth about $192,000. HarbourVest Partners LLC acquired a new stake in shares of Mimecast during the 4th quarter worth about $789,000. Finally, Marshall Wace LLP acquired a new stake in shares of Mimecast during the 3rd quarter worth about $14,404,000. Institutional investors own 71.34% of the company’s stock.

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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.

Further Reading: Ex-Dividend

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

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