In a report issued on May 8, Matthew Hedberg from RBC Capital maintained a Buy rating on Mimecast (MIME), with a price target of $46.00. The company’s shares closed last Friday at $40.93.
According to TipRanks.com, Hedberg is a top 100 analyst with an average return of 20.8% and a 71.7% success rate. Hedberg covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Ping Identity Holding, and CrowdStrike Holdings.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Mimecast with a $50.80 average price target.
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The company has a one-year high of $54.41 and a one-year low of $25.14. Currently, Mimecast has an average volume of 1.04M.
Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MIME in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Mimecast Ltd. engages in the provision of cloud security and risk management services for corporate information and email. It develops in suite of cloud services designed to offer cyber resilience for email and deliver comprehensive email risk management beyond the primary mail server. Its products allow to secure and stores corporate communications and information to address compliance and e-discovery requirements. The company was founded by Peter Cyril Bauer and Neil Hamilton Murray in 2003 and is headquartered in London, the United Kingdom.
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