Mulesoft Inc (NYSE:MULE) major shareholder Barry Eggers sold 32,495 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $21.57, for a total transaction of $700,917.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Barry Eggers also recently made the following trade(s):
- On Tuesday, November 28th, Barry Eggers sold 58,784 shares of Mulesoft stock. The stock was sold at an average price of $22.83, for a total transaction of $1,342,038.72.
Shares of Mulesoft Inc (MULE) traded up $0.09 on Friday, reaching $21.49. 1,590,800 shares of the company were exchanged, compared to its average volume of 942,216. Mulesoft Inc has a 52-week low of $19.40 and a 52-week high of $29.00.
Mulesoft (NYSE:MULE) last announced its quarterly earnings data on Thursday, October 26th. The company reported ($0.13) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.04. Mulesoft had a negative net margin of 25.84% and a negative return on equity of 49.63%. The firm had revenue of $77.60 million for the quarter, compared to the consensus estimate of $71.52 million. Mulesoft’s revenue was up 57.1% compared to the same quarter last year. equities analysts anticipate that Mulesoft Inc will post -0.64 EPS for the current fiscal year.
A number of research firms have recently issued reports on MULE. Piper Jaffray Companies restated a “buy” rating and set a $27.00 price target on shares of Mulesoft in a report on Monday, August 14th. UBS upgraded shares of Mulesoft from a “market perform” rating to an “outperform” rating and set a $30.00 price target on the stock in a report on Wednesday, November 29th. Zacks Investment Research upgraded shares of Mulesoft from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. BidaskClub lowered shares of Mulesoft from a “hold” rating to a “sell” rating in a report on Friday, November 10th. Finally, Oppenheimer upgraded shares of Mulesoft from a “market perform” rating to an “outperform” rating and set a $30.00 price target on the stock in a report on Wednesday, November 29th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $27.89.
Institutional investors and hedge funds have recently made changes to their positions in the stock. AO Asset Management LLC grew its position in Mulesoft by 2.0% during the second 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. Strs Ohio grew its position in Mulesoft by 88.0% during the second 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. California Public Employees Retirement System purchased a new position in Mulesoft during the first quarter valued at approximately $243,000. Cubist Systematic Strategies LLC grew its position in Mulesoft by 10,031.0% during the second quarter. Cubist Systematic Strategies LLC now owns 10,131 shares of the company’s stock valued at $253,000 after purchasing an additional 10,031 shares in the last quarter. Finally, Lakeview Capital Partners LLC purchased a new position in Mulesoft during the second quarter valued at approximately $269,000. 23.19% of the stock is currently owned by hedge funds and other institutional investors.
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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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