Mimecast Ltd (MIME) CFO Sells $138,520.00 in Stock

Mimecast Ltd (NASDAQ:MIME) CFO Peter Andrew James Campbell sold 4,000 shares of the firm’s stock in a transaction dated Monday, October 22nd. The stock was sold at an average price of $34.63, for a total value of $138,520.00. Following the completion of the transaction, the chief financial officer now directly owns 224,000 shares in the company, valued at approximately $7,757,120. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Peter Andrew James Campbell also recently made the following trade(s):

  • On Monday, September 24th, Peter Andrew James Campbell sold 4,000 shares of Mimecast stock. The stock was sold at an average price of $41.88, for a total value of $167,520.00.
  • On Wednesday, August 22nd, Peter Andrew James Campbell sold 4,000 shares of Mimecast stock. The stock was sold at an average price of $38.73, for a total value of $154,920.00.

NASDAQ MIME opened at $32.51 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.41 and a current ratio of 1.41. Mimecast Ltd has a 1-year low of $26.50 and a 1-year high of $46.87.



Mimecast (NASDAQ:MIME) last released its quarterly earnings results on Thursday, August 9th. The technology company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. The business had revenue of $78.40 million during the quarter, compared to analysts’ expectations of $76.71 million. Mimecast had a negative return on equity of 11.41% and a negative net margin of 5.55%. The firm’s revenue for the quarter was up 34.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.01 EPS. Research analysts forecast that Mimecast Ltd will post -0.13 EPS for the current year.

MIME has been the subject of several research analyst reports. Zacks Investment Research upgraded Mimecast from a “sell” rating to a “hold” rating in a research report on Wednesday, September 12th. BidaskClub upgraded Mimecast from a “hold” rating to a “buy” rating in a research report on Wednesday, September 12th. Monness Crespi & Hardt upgraded Mimecast from a “neutral” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Thursday, September 13th. BMO Capital Markets cut their target price on Mimecast from $48.00 to $47.00 and set an “outperform” rating for the company in a research report on Friday, August 10th. Finally, JPMorgan Chase & Co. increased their target price on Mimecast from $44.00 to $46.00 and gave the stock a “neutral” rating in a research report on Friday, August 10th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $45.07.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC grew its holdings in Mimecast by 14.5% during the 2nd quarter. FMR LLC now owns 1,278,693 shares of the technology company’s stock valued at $52,695,000 after buying an additional 161,449 shares in the last quarter. Sei Investments Co. grew its holdings in Mimecast by 90.2% during the 2nd quarter. Sei Investments Co. now owns 6,606 shares of the technology company’s stock valued at $272,000 after buying an additional 3,133 shares in the last quarter. BlackRock Inc. grew its holdings in Mimecast by 309.7% during the 1st quarter. BlackRock Inc. now owns 22,453 shares of the technology company’s stock valued at $796,000 after buying an additional 16,972 shares in the last quarter. US Bancorp DE grew its holdings in Mimecast by 16.7% during the 2nd quarter. US Bancorp DE now owns 24,684 shares of the technology company’s stock valued at $1,018,000 after buying an additional 3,524 shares in the last quarter. Finally, Whale Rock Capital Management LLC grew its holdings in Mimecast by 46.5% during the 2nd quarter. Whale Rock Capital Management LLC now owns 1,206,131 shares of the technology company’s stock valued at $49,705,000 after buying an additional 382,777 shares in the last quarter. Institutional investors and hedge funds own 67.71% 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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