The stock last traded at $31.79 which is slightly above $29.55, the 50 day moving average and which is quite a bit above the 200 day moving average of $27.24. The 50 day moving average was up by +7.57% and the 200 day average moved up $4.55. 126K shares changed hands on Tuesday. Overall, volume was down 54.24% under the stocks normal daily volume.
Investors are a little more bullish on shares of the company lately if you pay attention to the decrease in short interest. The firm had a fall in short interest of -2.20% as of the latest report on October 13, 2017. Short interest decreased 7,288 over that timeframe. The short-interest ratio decreased to 1.0 and the percentage of shorted shares is 0.01% as of October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (MIME). Ubs Group Ag bolstered its investment by buying 1,451 shares an increase of 294.9% as of 06/30/2017. Ubs Group Ag now holds 1,943 shares valued at $52,000. The total value of its holdings increased 372.7%. As of the end of the quarter Crow Point Partners, LLC had sold 2,205 shares trimming its holdings by 21.0%. The value of the investment in MIME decreased from $281,000 to $235,000 decreasing 16.4% since the last quarter.
Gw&k Investment Management, LLC trimmed its position by selling 1,289 shares a decrease of 1.4% in the quarter. Gw&k Investment Management, LLC currently owns 88,868 shares with a value of $2,526,000. The value of the position overall is up by 4.6%. As of quarter end Peregrine Capital Management LLC had acquired a total of 19,409 shares growing its stake by 3.5%. The value of the investment in Mimecast Limited – Ordinary Sha went from $14,849,000 to $16,310,000 a change of 9.8% for the reporting period.
Needham began coverage with a rating of “Buy”.
As of the latest earnings report the EPS was $-0.14 and is projected to be $0.06 for the current year with 56,797,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $0.02 with next year’s EPS anticipated to be $0.20.
Mimecast Limited provides cloud security and risk management services for corporate information and email. The company offers Mimecast Email Security services, including targeted threat protection that extends traditional gateway security to protect organizations against targeted attacks, audit and reporting, and enables administrators and security specialists to monitor and report attempted attacks; and URL Protect, which tackles threat from emails containing malicious links. Its Mimecast Email Security services also comprise 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; Secure Messaging for sharing sensitive information with external contacts through email; Large File Send, which enables PC and Mac users to send and receive large files directly from Outlook or a native Mac app; and Data Leak Prevention, which prevents the inadvertent or malicious loss of sensitive corporate data with advanced data leak prevention and content controls. In addition, the company provides Mimecast Mailbox Continuity, which protects email and data against threat of downtime as a result of system failure, natural disasters and impact of planned maintenance, system upgrades, and migrations; and Mimecast Enterprise Information Archiving that offers cloud archive consolidation of inbound, outbound and internal email, files, instant messaging in an archive, and incorporates legacy data from additional archives into the same searchable store. Further, it offers Service Bundles, a unified service managed from a single administration console; and Mimecast Mobile and Desktop Apps for mobile, PC, and Mac users to get self-service access to security features. The company sells its services through direct sales efforts and channel partners. Mimecast Limited was founded in 2003 and is headquartered in London, the United Kingdom..