Mimecast (NASDAQ:MIME) Stock Rating Reaffirmed by Robert W. Baird
Robert W. Baird reissued their buy rating on shares of Mimecast (NASDAQ:MIME) in a report released on Tuesday, AnalystRatings.com reports. Robert W. Baird currently has a $60.00 price objective on the technology company’s stock.
MIME has been the topic of several other reports. Needham & Company LLC reaffirmed a buy rating and issued a $65.00 price target on shares of Mimecast in a research report on Friday, November 8th. BidaskClub downgraded Mimecast from a buy rating to a hold rating in a research report on Friday, January 24th. Zacks Investment Research raised Mimecast from a hold rating to a buy rating and set a $56.00 price target on the stock in a research report on Tuesday, January 21st. Monness Crespi & Hardt lifted their price target on Mimecast from $55.00 to $58.00 and gave the stock a buy rating in a research report on Monday, January 13th. Finally, Dougherty & Co downgraded Mimecast from a buy rating to a neutral rating in a research report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Mimecast has a consensus rating of Buy and an average target price of $58.43.
Shares of MIME stock opened at $49.02 on Tuesday. The stock’s 50 day simple moving average is $48.72 and its 200 day simple moving average is $43.37. 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 has a twelve month low of $34.62 and a twelve month high of $54.57. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of -445.64, a PEG ratio of 42.60 and a beta of 1.14.
In other news, Director Neil Murray sold 35,000 shares of Mimecast stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $43.09, for a total transaction of $1,508,150.00. Following the sale, the director now owns 1,661,665 shares of the company’s stock, valued at approximately $71,601,144.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Peter Bauer sold 15,000 shares of Mimecast stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $44.52, for a total value of $667,800.00. Following the sale, the chief executive officer now directly owns 140,000 shares in the company, valued at approximately $6,232,800. The disclosure for this sale can be found here. Insiders have sold a total of 120,000 shares of company stock worth $5,424,650 in the last three months. 11.60% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the company. US Bancorp DE grew its holdings in shares of Mimecast by 3.0% during the 4th quarter. US Bancorp DE now owns 22,424 shares of the technology company’s stock worth $973,000 after purchasing an additional 644 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Mimecast by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 51,294 shares of the technology company’s stock worth $2,226,000 after purchasing an additional 806 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Mimecast by 9.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,804 shares of the technology company’s stock worth $425,000 after purchasing an additional 884 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Mimecast during the 1st quarter worth approximately $49,000. Finally, Michael & Susan Dell Foundation grew its holdings in shares of Mimecast by 11.3% during the 3rd quarter. Michael & Susan Dell Foundation now owns 10,860 shares of the technology company’s stock worth $387,000 after purchasing an additional 1,106 shares in the last quarter. 71.52% of the stock is currently owned by institutional investors.
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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