Mimecast Ltd (NASDAQ:MIME) VP John J. Walsh, Jr. sold 5,814 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $45.91, for a total value of $266,920.74. Following the sale, the vice president now directly owns 9,511 shares in the company, valued at approximately $436,650.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of NASDAQ:MIME opened at $46.84 on Friday. Mimecast Ltd has a 52-week low of $25.14 and a 52-week high of $54.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.04 and a current ratio of 1.04. The business has a 50-day moving average price of $42.81 and a 200-day moving average price of $41.37.

Mimecast (NASDAQ:MIME) last announced its quarterly earnings results on Monday, May 11th. The technology company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.03. The company had revenue of $114.20 million during the quarter, compared to analysts’ expectations of $112.39 million. Mimecast had a positive return on equity of 0.61% and a negative net margin of 0.52%. Mimecast’s quarterly revenue was up 24.1% on a year-over-year basis. During the same period last year, the business earned $0.07 earnings per share. Analysts forecast that Mimecast Ltd will post 0.06 EPS for the current year.

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price target on Mimecast from $56.00 to $54.00 and set a “neutral” rating for the company in a report on Tuesday, May 12th. Zacks Investment Research raised Mimecast from a “sell” rating to a “hold” rating in a report on Wednesday, July 15th. Barclays raised their price target on Mimecast from $46.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Oppenheimer lowered their price target on Mimecast from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday, May 12th. Finally, Wedbush raised their price target on Mimecast from $40.00 to $46.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $51.65.

A number of hedge funds have recently made changes to their positions in MIME. Bainco International Investors purchased a new position in Mimecast during the first quarter valued at approximately $28,000. Advisor Group Holdings Inc. purchased a new position in Mimecast during the first quarter valued at approximately $35,000. First Mercantile Trust Co. raised its position in Mimecast by 31.0% during the first quarter. First Mercantile Trust Co. now owns 1,193 shares of the technology company’s stock valued at $42,000 after acquiring an additional 282 shares in the last quarter. Marshall Wace LLP purchased a new position in Mimecast during the first quarter valued at approximately $49,000. Finally, State of Tennessee Treasury Department purchased a new position in Mimecast during the first quarter valued at approximately $82,000. Institutional investors own 79.10% of the company’s stock.

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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