Mimecast Ltd (NASDAQ:MIME) COO Edward Vincent Jennings sold 11,000 shares of Mimecast stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $45.76, for a total transaction of $503,360.00. Following the transaction, the chief operating officer now directly owns 11,000 shares of the company’s stock, valued at $503,360. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Edward Vincent Jennings also recently made the following trade(s):

  • On Friday, February 22nd, Edward Vincent Jennings sold 130,000 shares of Mimecast stock. The stock was sold at an average price of $48.28, for a total transaction of $6,276,400.00.
  • On Monday, February 11th, Edward Vincent Jennings sold 11,000 shares of Mimecast stock. The stock was sold at an average price of $41.98, for a total transaction of $461,780.00.
  • On Tuesday, January 22nd, Edward Vincent Jennings sold 7,500 shares of Mimecast stock. The stock was sold at an average price of $33.24, for a total transaction of $249,300.00.
  • On Monday, December 24th, Edward Vincent Jennings sold 7,500 shares of Mimecast stock. The stock was sold at an average price of $29.98, for a total transaction of $224,850.00.

Mimecast stock opened at $46.38 on Friday. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of -244.11 and a beta of 1.12. 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 1 year low of $29.67 and a 1 year high of $51.66.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. acquired a new position in Mimecast during the 4th quarter valued at approximately $72,000. DekaBank Deutsche Girozentrale increased its stake in Mimecast by 131.4% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,661 shares of the technology company’s stock valued at $110,000 after purchasing an additional 1,511 shares in the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in Mimecast during the 4th quarter valued at approximately $192,000. First Republic Investment Management Inc. acquired a new position in Mimecast during the 3rd quarter valued at approximately $203,000. Finally, PEAK6 Investments LLC acquired a new position in Mimecast during the 3rd quarter valued at approximately $210,000. Hedge funds and other institutional investors own 70.89% of the company’s stock.

MIME has been the subject of a number of recent analyst reports. BidaskClub cut shares of Mimecast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 18th. Monness Crespi & Hardt reaffirmed a “buy” rating and set a $52.00 price target (up from $45.00) on shares of Mimecast in a research note on Tuesday, February 12th. Summit Insights raised shares of Mimecast from a “hold” rating to a “buy” rating in a research note on Tuesday, February 12th. ValuEngine raised shares of Mimecast from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 13th. Finally, Wedbush initiated coverage on shares of Mimecast in a research note on Thursday, December 6th. They set a “neutral” rating and a $40.00 price target for the company. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $50.93.

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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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