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