Mirador Capital Partners LP cut its position in shares of Mimecast Ltd (NASDAQ:MIME) by 25.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,877 shares of the technology company’s stock after selling 5,681 shares during the quarter. Mirador Capital Partners LP’s holdings in Mimecast were worth $732,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of MIME. Marshall Wace LLP acquired a new position in Mimecast in the 1st quarter valued at $49,000. Northern Trust Corp raised its holdings in shares of Mimecast by 4.9% in the second quarter. Northern Trust Corp now owns 72,204 shares of the technology company’s stock worth $3,372,000 after buying an additional 3,386 shares during the last quarter. US Bancorp DE raised its holdings in shares of Mimecast by 15.9% in the second quarter. US Bancorp DE now owns 21,897 shares of the technology company’s stock worth $1,023,000 after buying an additional 2,996 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Mimecast by 235.1% in the second quarter. BlackRock Inc. now owns 333,184 shares of the technology company’s stock worth $15,563,000 after buying an additional 233,741 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Mimecast by 13.5% in the second quarter. Vanguard Group Inc. now owns 212,291 shares of the technology company’s stock worth $9,916,000 after buying an additional 25,249 shares during the last quarter. Institutional investors and hedge funds own 71.84% of the company’s stock.
Shares of MIME stock traded up $0.02 during trading hours on Friday, hitting $50.03. 8,715 shares of the company’s stock were exchanged, compared to its average volume of 546,112. The stock’s 50-day moving average is $44.77 and its 200-day moving average is $43.03. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of -712.57, a price-to-earnings-growth ratio of 38.97 and a beta of 1.18. Mimecast Ltd has a 52 week low of $32.50 and a 52 week high of $54.57.
In other news, CEO Peter Bauer sold 15,000 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $44.52, for a total transaction of $667,800.00. Following the completion of the transaction, the chief executive officer now owns 140,000 shares of the company’s stock, valued at approximately $6,232,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Neil Murray sold 35,000 shares of the business’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $38.78, for a total value of $1,357,300.00. Following the transaction, the director now directly owns 1,737,245 shares of the company’s stock, valued at approximately $67,370,361.10. The disclosure for this sale can be found here. In the last three months, insiders sold 120,000 shares of company stock worth $5,036,850. 11.60% of the stock is owned by insiders.
A number of research analysts have issued reports on the stock. BidaskClub raised shares of Mimecast from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 8th. Needham & Company LLC reissued a “buy” rating and issued a $65.00 target price on shares of Mimecast in a research report on Friday, November 8th. Robert W. Baird reissued a “buy” rating and issued a $58.00 target price on shares of Mimecast in a research report on Monday, January 6th. ValuEngine raised shares of Mimecast from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Finally, Zacks Investment Research cut shares of Mimecast from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company. Mimecast has an average rating of “Buy” and a consensus target price of $55.67.
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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