Alpine Associates Management Inc. Buys New Shares in Mandiant, Inc. (NASDAQ:MNDT)

Alpine Associates Management Inc. bought a new position in Mandiant, Inc. (NASDAQ:MNDTGet Rating) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,708,600 shares of the company’s stock, valued at approximately $82,739,000. Mandiant comprises about 3.5% of Alpine Associates Management Inc.’s investment portfolio, making the stock its 7th biggest holding. Alpine Associates Management Inc. owned 1.59% of Mandiant at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MNDT. Shapiro Capital Management LLC acquired a new position in Mandiant during the fourth quarter worth $280,767,000. First Trust Advisors LP bought a new stake in Mandiant in the 4th quarter valued at about $186,897,000. Marshall Wace LLP boosted its holdings in Mandiant by 712.6% in the 4th quarter. Marshall Wace LLP now owns 8,086,593 shares of the company’s stock valued at $141,839,000 after purchasing an additional 7,091,453 shares during the period. Legal & General Group Plc bought a new stake in shares of Mandiant during the 4th quarter worth approximately $83,072,000. Finally, Stephens Investment Management Group LLC bought a new stake in shares of Mandiant during the 4th quarter worth approximately $62,615,000. 86.88% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Kimberly Alexy sold 23,104 shares of the stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $22.03, for a total transaction of $508,981.12. Following the completion of the transaction, the director now directly owns 70,148 shares in the company, valued at approximately $1,545,360.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.12% of the company’s stock.

Mandiant stock remained flat at $$21.82 during mid-day trading on Friday. 2,115,798 shares of the company’s stock were exchanged, compared to its average volume of 5,990,791. Mandiant, Inc. has a fifty-two week low of $13.76 and a fifty-two week high of $23.33. The stock has a market capitalization of $5.15 billion, a price-to-earnings ratio of 6.01 and a beta of 0.89. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 2.41. The stock’s 50-day moving average price is $21.85 and its 200 day moving average price is $19.98.

Mandiant (NASDAQ:MNDTGet Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.01). Mandiant had a negative return on equity of 16.05% and a net margin of 175.80%. The firm had revenue of $130.14 million during the quarter, compared to the consensus estimate of $129.61 million. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. As a group, analysts anticipate that Mandiant, Inc. will post -1.09 EPS for the current fiscal year.

Several equities analysts have issued reports on MNDT shares. Truist Financial upped their price target on shares of Mandiant from $17.00 to $23.00 and gave the company a “hold” rating in a research report on Thursday, March 24th. TheStreet raised shares of Mandiant from a “d+” rating to a “c-” rating in a research note on Monday, March 21st. Colliers Securities downgraded shares of Mandiant from a “buy” rating to a “neutral” rating in a report on Tuesday, March 8th. StockNews.com began coverage on shares of Mandiant in a report on Thursday, March 31st. They issued a “sell” rating for the company. Finally, William Blair restated a “market perform” rating on shares of Mandiant in a report on Tuesday, March 8th. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat, Mandiant currently has an average rating of “Hold” and a consensus price target of $18.67.

Mandiant Company Profile (Get Rating)

Mandiant, Inc engages in the provision of cyber defense solutions. The company, through the Mandiant Advantage SaaS platform, delivers current intelligence, automation of alert investigation, and prioritization and validation of security controls products from various vendors. Its products and services include Advantage Platform, a multi-vendor XDR platform that delivers the company's expertise and frontline intelligence to security teams; Managed Defense, a solution with comprehensive protection from advanced and emerging threats; Mandiant consulting services in the areas of threats and risk related to cyber security; and Mandiant Academy, which trains security team to protect and defend their enterprises against targeted cyber attacks.

Further Reading

Institutional Ownership by Quarter for Mandiant (NASDAQ:MNDT)

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