Mimecast Ltd (NASDAQ:MIME) COO Edward Vincent Jennings Sells 11,000 Shares

Mimecast Ltd (NASDAQ:MIME) COO Edward Vincent Jennings sold 11,000 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $38.55, for a total transaction of $424,050.00. Following the completion of the sale, the chief operating officer now owns 12,251 shares in the company, valued at approximately $472,276.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

  • On Monday, August 12th, Edward Vincent Jennings sold 11,000 shares of Mimecast stock. The stock was sold at an average price of $42.90, for a total transaction of $471,900.00.
  • On Thursday, July 11th, Edward Vincent Jennings sold 11,000 shares of Mimecast stock. The stock was sold at an average price of $49.08, for a total transaction of $539,880.00.

Shares of Mimecast stock traded up $0.15 during trading hours on Friday, reaching $38.77. The company’s stock had a trading volume of 545,276 shares, compared to its average volume of 535,535. The firm has a 50 day moving average price of $43.77 and a 200-day moving average price of $46.51. Mimecast Ltd has a one year low of $29.67 and a one year high of $54.57. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market cap of $2.41 billion, a P/E ratio of -553.86, a P/E/G ratio of 38.10 and a beta of 1.20.

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

Several analysts have commented on the stock. Berenberg Bank assumed coverage on shares of Mimecast in a research note on Friday, May 31st. They issued a “buy” rating and a $59.00 price target on the stock. Wedbush decreased their price target on shares of Mimecast from $50.00 to $46.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. Rosenblatt Securities assumed coverage on shares of Mimecast in a research note on Wednesday, August 21st. They issued a “buy” rating and a $57.00 price target on the stock. Robert W. Baird reiterated a “buy” rating and issued a $58.00 price target on shares of Mimecast in a research note on Tuesday, August 6th. Finally, Cowen assumed coverage on shares of Mimecast in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $60.00 price target on the stock. Four analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $55.56.

Several institutional investors have recently bought and sold shares of the company. Whale Rock Capital Management LLC increased its holdings in shares of Mimecast by 90.8% in the 2nd quarter. Whale Rock Capital Management LLC now owns 3,797,844 shares of the technology company’s stock worth $177,397,000 after buying an additional 1,807,096 shares during the last quarter. Waddell & Reed Financial Inc. grew its holdings in Mimecast by 3.3% during the 2nd quarter. Waddell & Reed Financial Inc. now owns 2,091,838 shares of the technology company’s stock valued at $97,710,000 after purchasing an additional 66,585 shares during the last quarter. Holocene Advisors LP grew its holdings in Mimecast by 52.8% during the 2nd quarter. Holocene Advisors LP now owns 1,567,953 shares of the technology company’s stock valued at $73,239,000 after purchasing an additional 541,714 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Mimecast by 10.9% during the 2nd quarter. Wells Fargo & Company MN now owns 1,535,998 shares of the technology company’s stock valued at $71,747,000 after purchasing an additional 151,521 shares during the last quarter. Finally, FMR LLC grew its holdings in Mimecast by 17.1% during the 1st quarter. FMR LLC now owns 1,320,416 shares of the technology company’s stock valued at $62,522,000 after purchasing an additional 193,185 shares during the last quarter. Hedge funds and other institutional investors own 71.56% of the company’s stock.

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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