Mimecast Ltd (NASDAQ:MIME) Director Neil Murray sold 35,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $42.13, for a total value of $1,474,550.00. Following the completion of the sale, the director now directly owns 1,951,665 shares in the company, valued at approximately $82,223,646.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

  • On Friday, July 19th, Neil Murray sold 35,000 shares of Mimecast stock. The shares were sold at an average price of $48.91, for a total value of $1,711,850.00.
  • On Wednesday, June 19th, Neil Murray sold 235,000 shares of Mimecast stock. The shares were sold at an average price of $45.98, for a total value of $10,805,300.00.

MIME traded down $0.49 on Thursday, hitting $43.09. 4,226 shares of the company were exchanged, compared to its average volume of 459,787. The firm has a fifty day simple moving average of $46.54 and a two-hundred day simple moving average of $46.89. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.20 and a current ratio of 1.20. Mimecast Ltd has a 12 month low of $29.67 and a 12 month high of $54.57. The stock has a market capitalization of $2.59 billion, a PE ratio of -616.00, a price-to-earnings-growth ratio of 40.92 and a beta of 1.12.

Mimecast (NASDAQ:MIME) last posted its quarterly earnings results on Monday, August 5th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.11. Mimecast had a negative return on equity of 2.63% and a negative net margin of 2.09%. The business had revenue of $99.23 million for the quarter, compared to analyst estimates of $97.32 million. During the same period last year, the company earned $0.04 EPS. Mimecast’s revenue for the quarter was up 26.6% compared to the same quarter last year. On average, equities analysts expect that Mimecast Ltd will post 0.05 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in shares of Mimecast by 936.0% in the fourth quarter. BlackRock Inc. now owns 97,782 shares of the technology company’s stock valued at $3,288,000 after buying an additional 88,344 shares in the last quarter. Northern Trust Corp grew its stake in shares of Mimecast by 19.4% in the fourth quarter. Northern Trust Corp now owns 67,260 shares of the technology company’s stock valued at $2,262,000 after buying an additional 10,911 shares in the last quarter. Norges Bank bought a new position in Mimecast during the fourth quarter worth $8,826,000. Boston Advisors LLC bought a new position in Mimecast during the first quarter worth $2,587,000. Finally, Avalon Advisors LLC bought a new position in Mimecast during the first quarter worth $2,526,000. Institutional investors and hedge funds own 69.48% of the company’s stock.

A number of equities analysts recently weighed in on MIME shares. BMO Capital Markets raised their price objective on Mimecast from $52.00 to $55.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. Needham & Company LLC reissued a “buy” rating and set a $65.00 price objective (up from $52.00) on shares of Mimecast in a report on Monday, May 6th. ValuEngine cut Mimecast from a “buy” rating to a “hold” rating in a report on Monday, August 12th. Berenberg Bank started coverage on Mimecast in a report on Friday, May 31st. They set a “buy” rating and a $59.00 price objective on the stock. Finally, Rosenblatt Securities started coverage on Mimecast in a report on Wednesday. They set a “buy” rating and a $57.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $55.56.

About Mimecast

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

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