Mimecast (NASDAQ:MIME) CFO Peter Andrew James Campbell sold 4,000 shares of the company’s stock in a transaction dated Monday, April 23rd. The stock was sold at an average price of $38.21, for a total value of $152,840.00. Following the completion of the transaction, the chief financial officer now directly owns 252,516 shares of the company’s stock, valued at approximately $9,648,636.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

NASDAQ MIME opened at $37.84 on Friday. Mimecast has a 12 month low of $23.59 and a 12 month high of $39.51. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.39 and a quick ratio of 1.39.

Mimecast (NASDAQ:MIME) last released its quarterly earnings results on Monday, February 12th. The technology company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Mimecast had a negative return on equity of 9.88% and a negative net margin of 3.51%. The firm had revenue of $67.30 million for the quarter, compared to analyst estimates of $64.92 million. The company’s revenue for the quarter was up 39.3% compared to the same quarter last year. research analysts anticipate that Mimecast will post -0.17 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. bought a new stake in shares of Mimecast during the 4th quarter valued at about $2,417,000. UBS Asset Management Americas Inc. boosted its position in shares of Mimecast by 18.5% during the 4th quarter. UBS Asset Management Americas Inc. now owns 399,100 shares of the technology company’s stock valued at $11,442,000 after purchasing an additional 62,200 shares in the last quarter. GW&K Investment Management LLC boosted its position in shares of Mimecast by 41.1% during the 4th quarter. GW&K Investment Management LLC now owns 125,404 shares of the technology company’s stock valued at $3,595,000 after purchasing an additional 36,536 shares in the last quarter. Bank of New York Mellon Corp boosted 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 purchasing an additional 6,041 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its position in shares of Mimecast by 927.1% during the 3rd quarter. New York State Common Retirement Fund now owns 181,173 shares of the technology company’s stock valued at $5,149,000 after purchasing an additional 163,534 shares in the last quarter. Institutional investors own 64.51% of the company’s stock.

A number of equities research analysts have commented on MIME shares. BidaskClub upgraded Mimecast from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 10th. Royal Bank of Canada reiterated a “buy” rating and issued a $38.00 price target on shares of Mimecast in a research report on Tuesday, February 13th. BMO Capital Markets started coverage on Mimecast in a research report on Friday, January 5th. They issued an “outperform” rating and a $35.00 price target on the stock. Needham & Company LLC upped their price target on Mimecast from $40.00 to $46.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Barclays reiterated a “buy” rating and issued a $40.00 price target on shares of Mimecast in a research report on Friday, April 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $37.60.

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.

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.