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Insider Trends: Mimecast Insider Disposition Interrupting 90-Day Buy Trend

05/11/2021 13:03

05:03 PM EDT, 05/11/2021 (MT Newswires) -- Peter Bauer, Director and CEO, sold 7,500 shares of Mimecast (MIME) on May 07, 2021, for $324,367. Subsequent to the Form 4 filing with the SEC, Bauer indirectly controls 3,339,997 shares of the company, which has a market value of $144.4 million as of the prior-day closing price.

In the 90 days prior to the date of this filing, there have been 53 insider transactions reported to the SEC for Mimecast. These transactions came from the activities of 11 individual insiders that resulted in a net acquisition of 45,859 company shares. This compares with the preceding 90-day window of time where there were 36 transactions from 8 insiders which resulted in the net disposition of 353,278 shares.

This is below the average for insider transactions in the 12-company Internet Security & Transactions Services peer group over the last 90-day period. Activity in the peer group averaged 133.8 transactions per company, and disposition of 181,432 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1644675/000120919121031728/xslF345X03/doc4.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.