462,400 Shares in Mandiant, Inc. (NASDAQ:MNDT) Bought by GABELLI & Co INVESTMENT ADVISERS INC.

GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of Mandiant, Inc. (NASDAQ:MNDTGet Rating) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 462,400 shares of the company’s stock, valued at approximately $10,316,000. Mandiant accounts for 1.3% of GABELLI & Co INVESTMENT ADVISERS INC.’s holdings, making the stock its 20th largest position. GABELLI & Co INVESTMENT ADVISERS INC. owned about 0.20% of Mandiant at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. National Bank of Canada FI increased its stake in shares of Mandiant by 334,307.7% in the first quarter. National Bank of Canada FI now owns 217,365 shares of the company’s stock worth $4,849,000 after buying an additional 217,300 shares during the period. Pictet Asset Management SA purchased a new position in shares of Mandiant in the fourth quarter valued at about $715,000. S. Muoio & CO. LLC bought a new position in shares of Mandiant during the first quarter valued at about $446,000. BCK Capital Management LP purchased a new stake in shares of Mandiant during the first quarter worth about $3,932,000. Finally, Privium Fund Management UK Ltd bought a new stake in shares of Mandiant in the first quarter worth about $334,000. 78.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Mandiant from a “sell” rating to a “hold” rating in a report on Thursday, August 4th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $18.67.

Mandiant Stock Performance

Shares of MNDT opened at $22.98 on Wednesday. Mandiant, Inc. has a 1-year low of $13.76 and a 1-year high of $23.33. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 0.47. The firm’s 50-day moving average price is $22.68 and its 200-day moving average price is $22.17. The firm has a market capitalization of $5.40 billion, a price-to-earnings ratio of 6.55 and a beta of 0.82.

Mandiant (NASDAQ:MNDTGet Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.03). Mandiant had a net margin of 162.82% and a negative return on equity of 17.84%. The firm had revenue of $137.92 million for the quarter, compared to the consensus estimate of $132.18 million. Sell-side analysts anticipate that Mandiant, Inc. will post -1.13 EPS for the current year.

Mandiant Company Profile

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Mandiant, Inc engages in the provision of cyber security solutions. The company, through the Mandiant Advantage SaaS platform, offers threat intelligence, security validation, attack surface management and security automation, as well as managed and consulting services. It also provides Advantage Platform, a multi-vendor XDR platform that delivers the company's expertise and frontline intelligence to security teams; Managed Defense, a solution with comprehensive protection from advanced and emerging threats; and Mandiant Academy, which provides cyber security training services.

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Institutional Ownership by Quarter for Mandiant (NASDAQ:MNDT)

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