Parallel Advisors LLC boosted its position in shares of Mimecast Limited (NASDAQ:MIME – Get Rating) by 472.2% in the first quarter, Holdings Channel.com reports. The firm owned 904 shares of the technology company’s stock after purchasing an additional 746 shares during the period. Parallel Advisors LLC’s holdings in Mimecast were worth $72,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of MIME. USA Financial Portformulas Corp acquired a new stake in Mimecast during the fourth quarter valued at $36,000. Evoke Wealth LLC acquired a new stake in Mimecast during the fourth quarter valued at $39,000. North Star Investment Management Corp. boosted its position in Mimecast by 61.5% during the fourth quarter. North Star Investment Management Corp. now owns 525 shares of the technology company’s stock valued at $42,000 after purchasing an additional 200 shares during the last quarter. CWM LLC acquired a new stake in Mimecast during the fourth quarter valued at $48,000. Finally, Sphinx Trading LP acquired a new stake in Mimecast during the fourth quarter valued at $80,000. Institutional investors and hedge funds own 83.55% of the company’s stock.
Mimecast Stock Performance
Mimecast stock opened at $79.92 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.58 and a current ratio of 1.58. The business’s 50-day simple moving average is $79.92 and its 200-day simple moving average is $79.69. The firm has a market capitalization of $5.35 billion, a PE ratio of 114.17 and a beta of 1.35. Mimecast Limited has a 52 week low of $45.66 and a 52 week high of $85.48.
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. HC Wainwright raised their target price on Mimecast from $64.00 to $69.00 and gave the company a “buy” rating in a report on Monday, May 23rd. StockNews.com upgraded Mimecast from a “hold” rating to a “buy” rating in a report on Monday, May 16th. Thirteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $76.87.
Mimecast Company Profile
Mimecast Limited provides cloud security and risk management services for corporate information and email. The company offers Mimecast Email Security solution, which protects against the delivery of malware, malicious URLs and attachments, spam, viruses, impersonation attacks, phishing, and spear-phishing attacks, including business email compromise, identity theft, extortion, fraud, and other attacks, while also preventing data leaks and other internal threats, as well as provides awareness training services.
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