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

Mimecast Ltd (NASDAQ:MIME) CEO Peter Bauer sold 7,182 shares of the company’s stock in a transaction dated Wednesday, January 9th. The shares were sold at an average price of $35.02, for a total value of $251,513.64. Following the sale, the chief executive officer now owns 78,750 shares in the company, valued at $2,757,825. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $34.60, for a total value of $389,250.00.

Shares of MIME opened at $34.28 on Friday. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of -180.42 and a beta of 0.99. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.20. Mimecast Ltd has a 1 year low of $29.67 and a 1 year high of $46.87.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. DekaBank Deutsche Girozentrale lifted its position in Mimecast by 131.4% in the third quarter. DekaBank Deutsche Girozentrale now owns 2,661 shares of the technology company’s stock valued at $110,000 after purchasing an additional 1,511 shares during the last quarter. Simplex Trading LLC bought a new stake in Mimecast in the third quarter valued at approximately $183,000. First Republic Investment Management Inc. bought a new stake in Mimecast in the third quarter valued at approximately $203,000. PEAK6 Investments LLC bought a new stake in Mimecast in the third quarter valued at approximately $210,000. Finally, Advisors Asset Management Inc. bought a new stake in Mimecast in the second quarter valued at approximately $238,000. 70.61% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently commented on the company. Zacks Investment Research lowered Mimecast from a “buy” rating to a “hold” rating in a report on Wednesday. BidaskClub lowered Mimecast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 18th. Wedbush assumed coverage on Mimecast in a report on Thursday, December 6th. They set a “neutral” rating and a $40.00 price objective for the company. ValuEngine lowered Mimecast from a “buy” rating to a “hold” rating in a report on Wednesday, December 5th. Finally, TheStreet raised Mimecast from a “d+” rating to a “c” rating in a report on Wednesday, November 21st. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $45.58.

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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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