Mimecast Limited (NASDAQ:MIME) Director Neil Murray Sells 35,000 Shares of Stock

Mimecast Limited (NASDAQ:MIME) Director Neil Murray sold 35,000 shares of the stock in a transaction on Monday, September 20th. The stock was sold at an average price of $66.26, for a total value of $2,319,100.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

  • On Thursday, August 19th, Neil Murray sold 35,000 shares of Mimecast stock. The stock was sold at an average price of $57.95, for a total value of $2,028,250.00.
  • On Monday, July 19th, Neil Murray sold 35,000 shares of Mimecast stock. The stock was sold at an average price of $54.07, for a total value of $1,892,450.00.

Shares of Mimecast stock opened at $66.77 on Wednesday. The business has a 50-day moving average of $61.85 and a 200-day moving average of $52.05. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market capitalization of $4.39 billion, a PE ratio of 121.40, a P/E/G ratio of 3.16 and a beta of 1.38. Mimecast Limited has a 1-year low of $37.03 and a 1-year high of $71.45.

Mimecast (NASDAQ:MIME) last announced its earnings results on Tuesday, August 3rd. The technology company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. The company had revenue of $142.55 million during the quarter, compared to the consensus estimate of $138.13 million. Mimecast had a return on equity of 10.84% and a net margin of 6.94%. The company’s revenue was up 23.8% on a year-over-year basis. During the same period last year, the firm earned $0.22 earnings per share. On average, equities analysts expect that Mimecast Limited will post 0.63 earnings per share for the current fiscal year.

Several research analysts recently weighed in on MIME shares. Monness Crespi & Hardt increased their target price on Mimecast from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, August 4th. They noted that the move was a valuation call. Robert W. Baird increased their target price on Mimecast from $55.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $75.00 target price on shares of Mimecast in a research report on Wednesday, August 25th. Barclays increased their target price on Mimecast from $56.00 to $61.00 and gave the stock an “overweight” rating in a research report on Thursday, July 15th. Finally, The Goldman Sachs Group increased their target price on Mimecast from $66.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, September 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Mimecast has an average rating of “Hold” and an average target price of $65.43.

Institutional investors have recently made changes to their positions in the company. Davy Global Fund Management Ltd grew its stake in shares of Mimecast by 58.0% during the first quarter. Davy Global Fund Management Ltd now owns 45,742 shares of the technology company’s stock valued at $1,839,000 after acquiring an additional 16,800 shares in the last quarter. Rice Hall James & Associates LLC grew its stake in Mimecast by 56.6% in the second quarter. Rice Hall James & Associates LLC now owns 426,592 shares of the technology company’s stock worth $22,631,000 after purchasing an additional 154,127 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Mimecast by 32.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 389,423 shares of the technology company’s stock worth $15,659,000 after purchasing an additional 94,729 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Mimecast by 6.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 18,608 shares of the technology company’s stock worth $748,000 after purchasing an additional 1,055 shares in the last quarter. Finally, Swiss National Bank grew its stake in Mimecast by 2.2% in the first quarter. Swiss National Bank now owns 138,600 shares of the technology company’s stock worth $5,573,000 after purchasing an additional 3,000 shares in the last quarter. Institutional investors own 81.87% of the company’s stock.

Mimecast Company Profile

Mimecast Ltd. engages in the provision of cloud security and risk management services for corporate information and email. It develops in suite of cloud services designed to offer cyber resilience for email and deliver comprehensive email risk management beyond the primary mail server. The firm’s products allow to secure and stores corporate communications and information to address compliance and e-discovery requirements.

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

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