Peter Bauer Sells 7,182 Shares of Mimecast Ltd (MIME) Stock

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Mimecast Ltd (NASDAQ:MIME) CEO Peter Bauer sold 7,182 shares of the company’s stock in a transaction that occurred on Wednesday, January 9th. The stock was sold at an average price of $35.02, for a total value of $251,513.64. Following the completion of the transaction, the chief executive officer now owns 78,750 shares of the company’s stock, valued at $2,757,825. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Peter Bauer also recently made the following trade(s):

  • On Tuesday, December 31st, Peter Bauer sold 2,453 shares of Mimecast stock. The stock was sold at an average price of $34.00, for a total value of $83,402.00.
  • On Monday, December 31st, Peter Bauer sold 2,453 shares of Mimecast stock. The stock was sold at an average price of $34.00, for a total value of $83,402.00.
  • On Friday, November 23rd, Peter Bauer sold 18,750 shares of Mimecast stock. The stock was sold at an average price of $35.30, for a total value of $661,875.00.
  • On Wednesday, November 14th, Peter Bauer sold 7,500 shares of Mimecast stock. The stock was sold at an average price of $35.00, for a total value of $262,500.00.
  • On Monday, October 22nd, Peter Bauer sold 11,250 shares of Mimecast stock. The stock was sold at an average price of $34.60, for a total value of $389,250.00.

NASDAQ:MIME opened at $33.47 on Friday. Mimecast Ltd has a fifty-two week low of $29.67 and a fifty-two week high of $46.87. The firm has a market cap of $2.09 billion, a P/E ratio of -176.16 and a beta of 0.99. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.28 and a current ratio of 1.28.

Mimecast (NASDAQ:MIME) last released its quarterly earnings results on Thursday, November 8th. The technology company reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.03. Mimecast had a negative return on equity of 10.33% and a negative net margin of 5.44%. The company had revenue of $82.17 million for the quarter, compared to analyst estimates of $80.77 million. The business’s revenue was up 30.2% compared to the same quarter last year. Sell-side analysts forecast that Mimecast Ltd will post -0.03 EPS for the current year.

Large investors have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale raised its holdings in Mimecast by 131.4% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,661 shares of the technology company’s stock valued at $110,000 after buying an additional 1,511 shares during the period. Simplex Trading LLC purchased a new stake in Mimecast during the 3rd quarter valued at $183,000. First Republic Investment Management Inc. purchased a new stake in Mimecast during the 3rd quarter valued at $203,000. PEAK6 Investments LLC purchased a new stake in Mimecast during the 3rd quarter valued at $210,000. Finally, Advisors Asset Management Inc. purchased a new stake in Mimecast during the 2nd quarter valued at $238,000. Institutional investors own 70.61% of the company’s stock.

MIME has been the topic of several recent research reports. Zacks Investment Research raised Mimecast from a “sell” rating to a “hold” rating in a report on Friday, September 28th. BidaskClub raised Mimecast from a “hold” rating to a “buy” rating in a report on Thursday, September 27th. BMO Capital Markets decreased their price objective on Mimecast from $47.00 to $43.00 and set an “outperform” rating on the stock in a report on Thursday, November 1st. Monness Crespi & Hardt decreased their price objective on Mimecast from $48.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, November 9th. Finally, SunTrust Banks initiated coverage on Mimecast in a report on Tuesday, September 18th. They set a “buy” rating and a $54.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Mimecast presently has an average rating of “Buy” and a consensus target price of $45.58.

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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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