Harbour Capital Advisors LLC Purchases 2,200 Shares of Mimecast Ltd (NASDAQ:MIME)

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Harbour Capital Advisors LLC lifted its position in Mimecast Ltd (NASDAQ:MIME) by 32.8% during the 4th quarter, Holdings Channel reports. The firm owned 8,900 shares of the technology company’s stock after buying an additional 2,200 shares during the quarter. Harbour Capital Advisors LLC’s holdings in Mimecast were worth $386,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Waddell & Reed Financial Inc. lifted its position in Mimecast by 3.3% during the 2nd quarter. Waddell & Reed Financial Inc. now owns 2,091,838 shares of the technology company’s stock worth $97,710,000 after buying an additional 66,585 shares in the last quarter. Macquarie Group Ltd. lifted its position in Mimecast by 6.4% during the 2nd quarter. Macquarie Group Ltd. now owns 658,101 shares of the technology company’s stock worth $30,740,000 after buying an additional 39,713 shares in the last quarter. Millennium Management LLC lifted its position in Mimecast by 2,270.3% during the 3rd quarter. Millennium Management LLC now owns 576,156 shares of the technology company’s stock worth $20,551,000 after buying an additional 551,849 shares in the last quarter. Peregrine Capital Management LLC lifted its position in Mimecast by 13.7% during the 3rd quarter. Peregrine Capital Management LLC now owns 427,067 shares of the technology company’s stock worth $15,233,000 after buying an additional 51,431 shares in the last quarter. Finally, BlackRock Inc. lifted its position in Mimecast by 235.1% during the 2nd 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 in the last quarter. 71.84% of the stock is currently owned by institutional investors and hedge funds.

Mimecast stock opened at $49.24 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.18 and a current ratio of 1.18. Mimecast Ltd has a 1 year low of $33.28 and a 1 year high of $54.57. The company’s 50-day moving average is $45.47 and its two-hundred day moving average is $43.11.

Mimecast (NASDAQ:MIME) last released its earnings results on Thursday, November 7th. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. Mimecast had a negative net margin of 1.67% and a negative return on equity of 0.82%. The company had revenue of $103.36 million for the quarter, compared to the consensus estimate of $101.63 million. During the same period in the prior year, the company posted $0.06 EPS. The company’s revenue was up 25.8% compared to the same quarter last year. As a group, equities analysts expect that Mimecast Ltd will post 0.06 earnings per share for the current year.

Several brokerages recently issued reports on MIME. BidaskClub upgraded shares of Mimecast from a “hold” rating to a “buy” rating in a research report on Saturday, January 18th. BMO Capital Markets reiterated an “outperform” rating and set a $53.00 price target on shares of Mimecast in a research report on Friday, November 8th. Monness Crespi & Hardt upped their target price on shares of Mimecast from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, January 13th. ValuEngine upgraded shares of Mimecast from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Finally, Dougherty & Co downgraded shares of Mimecast from a “buy” rating to a “neutral” rating in a research report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $55.93.

In other news, CEO Peter Bauer sold 15,000 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $44.52, for a total value of $667,800.00. Following the completion of the sale, the chief executive officer now directly owns 140,000 shares of the company’s stock, valued at approximately $6,232,800. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Neil Murray sold 35,000 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $43.09, for a total value of $1,508,150.00. Following the completion of the sale, the director now directly owns 1,661,665 shares of the company’s stock, valued at $71,601,144.85. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 85,000 shares of company stock valued at $3,679,550. 11.60% of the stock is currently owned by company insiders.

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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Want to see what other hedge funds are holding MIME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mimecast Ltd (NASDAQ:MIME).

Institutional Ownership by Quarter for Mimecast (NASDAQ:MIME)

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