Mulesoft Inc (NASDAQ:MULE) had its target price hoisted by Barclays PLC from $24.00 to $28.00 in a research note published on Friday. They currently have an equal weight rating on the stock.
Several other equities analysts have also commented on MULE. Zacks Investment Research raised shares of Mulesoft from a sell rating to a hold rating in a research report on Thursday, July 6th. William Blair reaffirmed an outperform rating on shares of Mulesoft in a research report on Sunday, July 30th. Piper Jaffray Companies reaffirmed a buy rating and issued a $27.00 price objective on shares of Mulesoft in a research report on Monday, August 14th. Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Mulesoft in a research report on Monday, September 18th. Finally, BidaskClub lowered shares of Mulesoft from a hold rating to a sell rating in a research report on Saturday, September 23rd. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $27.29.
Mulesoft (NASDAQ MULE) traded up 0.42% on Friday, hitting $23.98. 4,237,793 shares of the stock traded hands. The company’s market capitalization is $3.09 billion. Mulesoft has a 12 month low of $19.40 and a 12 month high of $29.00. The firm has a 50-day moving average price of $21.62 and a 200-day moving average price of $23.08.
Mulesoft (NASDAQ:MULE) last announced its quarterly earnings data on Thursday, October 26th. The company reported ($0.13) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.04. The firm had revenue of $77.60 million during the quarter, compared to analyst estimates of $71.52 million. Mulesoft had a negative net margin of 32.36% and a negative return on equity of 40.65%. Mulesoft’s revenue was up 57.1% compared to the same quarter last year. Analysts forecast that Mulesoft will post ($0.39) earnings per share for the current year.
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In other Mulesoft news, major shareholder Ventures Fund I. L.P. Sapphire sold 1,100,000 shares of the firm’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $21.47, for a total transaction of $23,617,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. AO Asset Management LLC increased its holdings in shares of Mulesoft by 2.0% during the 2nd quarter. AO Asset Management LLC now owns 5,100 shares of the company’s stock valued at $127,000 after purchasing an additional 100 shares in the last quarter. Nationwide Fund Advisors purchased a new position in shares of Mulesoft during the 1st quarter valued at approximately $146,000. SG Americas Securities LLC purchased a new position in shares of Mulesoft during the 1st quarter valued at approximately $183,000. Strs Ohio increased its holdings in shares of Mulesoft by 88.0% during the 2nd quarter. Strs Ohio now owns 9,400 shares of the company’s stock valued at $234,000 after purchasing an additional 4,400 shares in the last quarter. Finally, California Public Employees Retirement System purchased a new position in shares of Mulesoft during the 1st quarter valued at approximately $243,000.
Mulesoft Company Profile
MuleSoft, Inc is engaged in providing a software platform that connects a range of technologies. The Company enables organizations to manage and secure the flow of data between all systems in the enterprise. The Company offers organizations to create agile infrastructures. The Company has developed Anypoint Platform.
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