Mulesoft Inc. (NYSE:MULE) Director Mark C. Burton sold 6,573 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $23.01, for a total transaction of $151,244.73. Following the sale, the director now directly owns 6,573 shares in the company, valued at approximately $151,244.73. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Mulesoft Inc. (NYSE MULE) traded up $0.16 on Friday, hitting $22.49. 1,546,176 shares of the company were exchanged, compared to its average volume of 866,052. Mulesoft Inc. has a one year low of $19.40 and a one year high of $29.00.
Mulesoft (NYSE:MULE) last posted its quarterly earnings data on Thursday, October 26th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.04. The company had revenue of $77.60 million for the quarter, compared to the consensus estimate of $71.52 million. Mulesoft had a negative net margin of 25.84% and a negative return on equity of 49.63%. The company’s revenue was up 57.1% on a year-over-year basis. analysts expect that Mulesoft Inc. will post -0.64 EPS for the current year.
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MULE has been the topic of a number of recent analyst reports. The Goldman Sachs Group, Inc. raised shares of Mulesoft from a “neutral” rating to a “buy” rating and raised their price target for the company from $24.00 to $26.00 in a report on Monday, October 9th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Mulesoft in a report on Tuesday, October 24th. Canaccord Genuity raised shares of Mulesoft from a “hold” rating to a “buy” rating and raised their price target for the company from $24.00 to $29.00 in a report on Monday, October 23rd. Barclays PLC raised their price target on shares of Mulesoft from $24.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, October 27th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Mulesoft in a report on Monday, September 18th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Mulesoft has a consensus rating of “Hold” and a consensus price target of $27.29.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its holdings in shares of Mulesoft by 35.2% in the third quarter. JPMorgan Chase & Co. now owns 1,641,178 shares of the company’s stock worth $33,265,000 after buying an additional 426,953 shares during the last quarter. Bain Capital Public Equity Management LLC boosted its holdings in shares of Mulesoft by 87.4% in the second quarter. Bain Capital Public Equity Management LLC now owns 1,317,471 shares of the company’s stock worth $32,858,000 after buying an additional 614,389 shares during the last quarter. Gilder Gagnon Howe & Co. LLC boosted its holdings in shares of Mulesoft by 2.8% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 1,296,332 shares of the company’s stock worth $32,331,000 after buying an additional 34,880 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Mulesoft by 5,501.7% in the second quarter. Vanguard Group Inc. now owns 1,260,372 shares of the company’s stock worth $31,434,000 after buying an additional 1,237,872 shares during the last quarter. Finally, Lord Abbett & CO. LLC boosted its holdings in shares of Mulesoft by 53.6% in the second quarter. Lord Abbett & CO. LLC now owns 1,202,994 shares of the company’s stock worth $30,003,000 after buying an additional 420,025 shares during the last quarter. 13.75% of the stock is currently owned by institutional investors.
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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