Mimecast Ltd (MIME) COO Sells $540,210.00 in Stock

Mimecast Ltd (NASDAQ:MIME) COO Edward Vincent Jennings sold 11,000 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $49.11, for a total transaction of $540,210.00. Following the transaction, the chief operating officer now directly owns 12,251 shares of the company’s stock, valued at $601,646.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Thursday, April 11th, Edward Vincent Jennings sold 11,000 shares of Mimecast stock. The shares were sold at an average price of $47.95, for a total transaction of $527,450.00.
  • On Monday, March 11th, Edward Vincent Jennings sold 11,000 shares of Mimecast stock. The shares were sold at an average price of $45.76, for a total transaction of $503,360.00.
  • On Friday, February 22nd, Edward Vincent Jennings sold 130,000 shares of Mimecast stock. The shares were sold at an average price of $48.28, for a total transaction of $6,276,400.00.

MIME stock traded up $0.83 during trading on Wednesday, reaching $46.88. The company had a trading volume of 635,782 shares, compared to its average volume of 638,231. Mimecast Ltd has a 52 week low of $29.67 and a 52 week high of $54.57. The company has a market cap of $2.87 billion, a P/E ratio of -669.71, a PEG ratio of 14.83 and a beta of 1.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.29 and a quick ratio of 1.29.



Mimecast (NASDAQ:MIME) last released its quarterly earnings results on Monday, May 13th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.02). Mimecast had a negative return on equity of 2.85% and a negative net margin of 2.06%. The company had revenue of $92.20 million during the quarter, compared to the consensus estimate of $91.34 million. During the same period in the previous year, the company earned ($0.05) earnings per share. Mimecast’s quarterly revenue was up 25.6% on a year-over-year basis. On average, equities research analysts expect that Mimecast Ltd will post 0.16 earnings per share for the current fiscal year.

Several brokerages have recently commented on MIME. ValuEngine downgraded shares of Mimecast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. BidaskClub downgraded shares of Mimecast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. BMO Capital Markets upped their price objective on shares of Mimecast from $52.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday. Wedbush reaffirmed a “neutral” rating and set a $50.00 price objective (up from $47.00) on shares of Mimecast in a research note on Tuesday. Finally, Zacks Investment Research downgraded shares of Mimecast from a “buy” rating to a “hold” rating in a research note on Saturday, February 16th. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Mimecast has an average rating of “Buy” and an average target price of $52.94.

A number of hedge funds have recently added to or reduced their stakes in MIME. Advisor Group Inc. grew its holdings in Mimecast by 33.6% in the first quarter. Advisor Group Inc. now owns 970 shares of the technology company’s stock worth $46,000 after purchasing an additional 244 shares during the period. Roundview Capital LLC grew its holdings in Mimecast by 1.3% in the first quarter. Roundview Capital LLC now owns 20,836 shares of the technology company’s stock worth $987,000 after purchasing an additional 275 shares during the period. Zions Bancorporation N.A. grew its holdings in Mimecast by 6.7% in the first quarter. Zions Bancorporation N.A. now owns 4,844 shares of the technology company’s stock worth $229,000 after purchasing an additional 305 shares during the period. NumerixS Investment Technologies Inc grew its holdings in Mimecast by 19.5% in the first quarter. NumerixS Investment Technologies Inc now owns 2,390 shares of the technology company’s stock worth $114,000 after purchasing an additional 390 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in Mimecast by 4.5% in the first quarter. Advisors Asset Management Inc. now owns 10,386 shares of the technology company’s stock worth $492,000 after purchasing an additional 445 shares during the period. 64.43% of the stock is owned by institutional investors.

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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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