Mimecast Ltd (NASDAQ:MIME) Director Neil Murray sold 139,496 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $46.64, for a total transaction of $6,506,093.44. Following the transaction, the director now directly owns 2,281,665 shares in the company, valued at approximately $106,416,855.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

  • On Monday, April 22nd, Neil Murray sold 25,000 shares of Mimecast stock. The shares were sold at an average price of $47.94, for a total transaction of $1,198,500.00.
  • 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 MIME traded up $0.76 during mid-day trading on Friday, hitting $46.32. The company’s stock had a trading volume of 6,826 shares, compared to its average volume of 629,170. The stock has a market capitalization of $2.75 billion, a P/E ratio of -660.14, a P/E/G ratio of 26.86 and a beta of 1.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.29 and a quick ratio of 1.29. Mimecast Ltd has a fifty-two week low of $29.67 and a fifty-two week 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 Thomson Reuters’ consensus estimate of $0.01 by ($0.02). The business had revenue of $92.20 million during the quarter, compared to analyst estimates of $91.34 million. Mimecast had a negative return on equity of 2.85% and a negative net margin of 2.06%. The business’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.05) EPS. As a group, equities research analysts forecast that Mimecast Ltd will post 0.09 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Advisor Group Inc. boosted its holdings in shares of Mimecast by 33.6% in the first quarter. Advisor Group Inc. now owns 970 shares of the technology company’s stock worth $46,000 after buying an additional 244 shares during the period. First Mercantile Trust Co. boosted its holdings in shares of Mimecast by 223.4% in the first quarter. First Mercantile Trust Co. now owns 1,035 shares of the technology company’s stock worth $49,000 after buying an additional 715 shares during the period. Marshall Wace LLP acquired a new position in shares of Mimecast in the first quarter worth about $49,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Mimecast in the fourth quarter worth about $72,000. Finally, NumerixS Investment Technologies Inc boosted its holdings in shares of Mimecast by 19.5% in the first quarter. NumerixS Investment Technologies Inc now owns 2,390 shares of the technology company’s stock worth $114,000 after buying an additional 390 shares during the period. 67.70% of the stock is currently owned by institutional investors.

Several equities analysts have commented on MIME shares. BidaskClub raised shares of Mimecast from a “hold” rating to a “buy” rating in a research note on Thursday, January 31st. ValuEngine raised shares of Mimecast from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. BMO Capital Markets raised their target price on shares of Mimecast from $43.00 to $52.00 and gave the company an “outperform” rating in a research note on Tuesday, February 12th. Jefferies Financial Group raised their target price on shares of Mimecast to $55.00 and gave the company a “buy” rating in a research note on Tuesday, February 12th. Finally, Wedbush raised their target price on shares of Mimecast from $40.00 to $47.00 and gave the company a “neutral” rating in a research note on Tuesday, February 12th. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Mimecast presently has a consensus rating of “Buy” and a consensus target price of $53.56.

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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.

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

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