Mimecast Limited (NASDAQ:MIME) is at least 67.54% than its current record low price of $29.66. There was a 3.3% gain on 4/12/2019 that led the price to move at $49.7. At a recent session, the prices were hovering between $47.725 and $50.16. This company shares are 6.5% off its target price of $52.93 and the current market capitalization stands at $3.1B. The recent change has given its price a 7.38% lead over SMA 50 and -3.79% deficit over its 52-week high. The stock witnessed 7.16% gains, 48.49% gains and 54.73% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found MIME’s volatility during a week at 3.76% and during a month it has been found around 3.74%.

Mimecast Limited (MIME) Top Holders

Institutional investors currently hold around $2.14 billion or 74.8% in MIME stock. Look at its top three institutional owners: Insight Holdings Group, Llc owns $298.59 million in Mimecast Limited, which represents roughly 9.63% of the company’s market cap and approximately 13.95% of the institutional ownership. Similar statistics are true for the second largest owner, Abdiel Capital Advisors, Lp, which owns 5,518,775 shares of the stock are valued at $274.28 million. The third largest holder is Brown Advisory Inc, which currently holds $138.77 million worth of this stock and that ownership represents nearly 4.48% of its market capitalization.

Mimecast Limited 13F Filings

At the end of December reporting period, 91 institutional holders increased their position in Mimecast Limited (NASDAQ:MIME) by some 8,752,531 shares, 74 decreased positions by 8,055,410 and 13 held positions by 26,271,876. That puts total institutional holdings at 43,079,817 shares, according to SEC filings. The stock grabbed 33 new institutional investments totaling 2,324,140 shares while 23 institutional investors sold out their entire positions totaling 2,741,257 shares.

Mimecast Limited (NASDAQ:MIME) Insider Trades

Multiple company employees have indulged in significant insider trading. Mimecast Limited disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CEO Bauer Peter has sold 18,750 shares of Mimecast Limited (MIME) in the trading session dated Mar. 22, 2019. These shares are worth $878,250 and were traded at $46.84 each. The SEC filing shows that Murray Neil performed a sale of 25,000 shares. The Chief Technology Officer disposed these shares by way of transaction on Mar. 22, 2019. The company’s shares were given away at $46.65 per share worth to an income of some $1,166,250 to the account of Murray Neil.

COO, Jennings Edward Vincent, sold 11,000 common shares of Mimecast Limited (MIME) in the open market. In a transaction dated Mar. 11, 2019, the shares were put up for sale at an average price of $45.76, raking in a sum of $503,360. After this sale, 9,000 common shares of MIME are directly owned by the insider, with total stake valued at $447,300.

In the transaction dated Mar. 01, 2019, a great number of shares sold came courtesy the CFO; Campbell Peter Andrew James disposed a total of 70,000 shares at an average price of $48.23, amounting to approximately $3,376,100. The insider now directly owns 12,571 shares worth $624,779.

Mimecast Limited (MIME) Analyst Guide

Several analysts have released their opinion on Mimecast Limited (NASDAQ:MIME), with 6 analysts believing it is a strong buy. Whereas 2 of them predict the stock is a hold. Also, there are 8 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.75 average brokerage recommendation [T1].