Shares of Mimecast Ltd. (NASDAQ:MIME) saw unusually-strong trading volume on Thursday . Approximately 159,799 shares were traded during trading, an increase of 10% from the previous session’s volume of 144,653 shares.The stock last traded at $10.01 and had previously closed at $9.92.

A number of research analysts have recently weighed in on MIME shares. Jefferies Group reissued a “buy” rating and set a $18.00 target price on shares of Mimecast in a research report on Tuesday, May 17th. Dougherty & Co began coverage on shares of Mimecast in a research note on Friday, June 3rd. They set a “buy” rating and a $12.00 price target on the stock. Oppenheimer Holdings Inc. restated a “buy” rating on shares of Mimecast in a research note on Tuesday, May 24th. Royal Bank Of Canada restated a “buy” rating on shares of Mimecast in a research note on Thursday, June 23rd. Finally, Zacks Investment Research upgraded shares of Mimecast from a “sell” rating to a “hold” rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Mimecast presently has an average rating of “Buy” and a consensus price target of $13.92.

The stock has a 50 day moving average of $9.66 and a 200-day moving average of $9.14. The stock’s market cap is $541.33 million.

An institutional investor recently bought a new position in Mimecast stock. Kornitzer Capital Management Inc. KS purchased a new position in Mimecast Ltd. (NASDAQ:MIME) during the fourth quarter, Holdings Channel reports. The fund purchased 1,049,530 shares of the company’s stock, valued at approximately $10,075,000. Kornitzer Capital Management Inc. KS owned about 3.11% of Mimecast as of its most recent SEC filing.

Mimecast Limited is a United Kingdom-based business e-mail and data safety solutions provider. The Company offers solutions for e-mail security; archiving, risk and compliance; business continuity; migration, and employee productivity and mobility. Its products consist of Mimecast Secure Email Gateway, which is offered for spam and virus protection, content control and data leak prevention, targeted threat protection, file send, secure messaging, and advanced e-mail signature and disclaimer management; Mimecast Mailbox Continuity, which is offered for continuity services, and Mimecast Enterprise Information Archiving, which is offered for file archiving, legacy archive data management and Lync Instant messaging Archiving.