Lannebo Fonder AB Sells 55,000 Shares of Mandiant, Inc. (NASDAQ:MNDT)

Lannebo Fonder AB reduced its holdings in shares of Mandiant, Inc. (NASDAQ:MNDTGet Rating) by 9.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 500,000 shares of the company’s stock after selling 55,000 shares during the quarter. Mandiant makes up about 2.0% of Lannebo Fonder AB’s holdings, making the stock its 22nd largest position. Lannebo Fonder AB owned about 0.21% of Mandiant worth $10,910,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of MNDT. Envestnet Asset Management Inc. bought a new stake in Mandiant during the fourth quarter worth $259,000. Raymond James & Associates bought a new stake in shares of Mandiant in the fourth quarter valued at $539,000. Principal Financial Group Inc. bought a new stake in shares of Mandiant in the fourth quarter valued at $329,000. HighTower Advisors LLC bought a new stake in shares of Mandiant in the fourth quarter valued at $200,000. Finally, Rhumbline Advisers bought a new stake in shares of Mandiant in the fourth quarter valued at $3,785,000. 78.43% of the stock is currently owned by institutional investors.

Mandiant Stock Performance

Shares of NASDAQ MNDT remained flat at $22.98 during mid-day trading on Friday. The stock had a trading volume of 3,762 shares, compared to its average volume of 5,248,902. The firm has a market capitalization of $5.40 billion, a P/E ratio of 6.55 and a beta of 0.82. Mandiant, Inc. has a one year low of $13.76 and a one year high of $23.33. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.67 and a quick ratio of 3.67. The business’s 50-day simple moving average is $22.82 and its 200-day simple moving average is $22.29.

Mandiant (NASDAQ:MNDTGet Rating) last posted its earnings results on Tuesday, August 2nd. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.03). Mandiant had a negative return on equity of 17.84% and a net margin of 162.82%. The business had revenue of $137.92 million for the quarter, compared to analysts’ expectations of $132.18 million. As a group, equities research analysts forecast that Mandiant, Inc. will post -1.13 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Mandiant in a research note on Thursday. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $18.67.

Mandiant Profile

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Mandiant, Inc engages in the provision of cyber security solutions. The company, through the Mandiant Advantage SaaS platform, offers threat intelligence, security validation, attack surface management and security automation, as well as managed and consulting services. It also provides 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; and Mandiant Academy, which provides cyber security training services.

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Institutional Ownership by Quarter for Mandiant (NASDAQ:MNDT)

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