Insider Selling: Mimecast (MIME) CFO Sells 4,000 Shares of Stock
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.
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.
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