In a report released today, Jonathan Ruykhaver from Robert W. Baird maintained a Buy rating on Mimecast (MIME), with a price target of $48.00. The company’s shares closed last Monday at $41.72.
According to TipRanks.com, Ruykhaver is a 5-star analyst with an average return of 14.5% and a 59.2% success rate. Ruykhaver covers the Technology sector, focusing on stocks such as Forescout Technologies, CrowdStrike Holdings, and Palo Alto Networks.
Mimecast has an analyst consensus of Strong Buy, with a price target consensus of $50.80, which is a 23.7% upside from current levels. In a report issued on May 8, RBC Capital also maintained a Buy rating on the stock with a $46.00 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 1.01M.
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.
