MIME has been the topic of several other reports. ValuEngine upgraded Mimecast from a hold rating to a buy rating in a report on Monday, February 4th. Summit Insights upgraded Mimecast from a hold rating to a buy rating in a report on Tuesday, February 12th. Jefferies Financial Group lifted their price objective on Mimecast to $55.00 and gave the stock a buy rating in a report on Tuesday, February 12th. Deutsche Bank lifted their price objective on Mimecast to $52.00 and gave the stock a buy rating in a report on Tuesday, February 12th. Finally, Royal Bank of Canada lifted their price objective on Mimecast to $52.00 and gave the stock an outperform rating in a report on Tuesday, February 12th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $51.53.
MIME stock opened at $49.14 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.20. Mimecast has a 52-week low of $29.67 and a 52-week high of $51.66. The company has a market cap of $3.00 billion, a price-to-earnings ratio of -258.63, a price-to-earnings-growth ratio of 15.53 and a beta of 1.10.
In other news, COO Edward Vincent Jennings sold 130,000 shares of the business’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $48.28, for a total value of $6,276,400.00. Following the completion of the sale, the chief operating officer now directly owns 130,000 shares in the company, valued at approximately $6,276,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher Fitzgerald sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $47.42, for a total value of $94,840.00. Following the completion of the sale, the director now owns 23,821 shares of the company’s stock, valued at $1,129,591.82. The disclosure for this sale can be found here. Insiders sold a total of 506,943 shares of company stock valued at $22,812,529 over the last quarter. Company insiders own 29.00% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Roundview Capital LLC boosted its position in Mimecast by 3.9% during the 4th quarter. Roundview Capital LLC now owns 20,561 shares of the technology company’s stock valued at $691,000 after purchasing an additional 781 shares during the period. Canada Pension Plan Investment Board boosted its position in Mimecast by 1,011.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 245,636 shares of the technology company’s stock valued at $8,260,000 after purchasing an additional 223,526 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new position in Mimecast during the 4th quarter valued at approximately $192,000. HarbourVest Partners LLC acquired a new position in Mimecast during the 4th quarter valued at approximately $789,000. Finally, Marshall Wace LLP acquired a new position in Mimecast during the 3rd quarter valued at approximately $14,404,000. Institutional investors and hedge funds own 71.34% of the company’s stock.
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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