Insider Selling: Mulesoft Inc (MULE) Director Sells 21,585 Shares of Stock

Mulesoft Inc (NYSE:MULE) Director Gary Little sold 21,585 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $22.45, for a total transaction of $484,583.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Gary Little also recently made the following trade(s):

  • On Wednesday, January 10th, Gary Little sold 21,826 shares of Mulesoft stock. The stock was sold at an average price of $24.21, for a total transaction of $528,407.46.
  • On Thursday, November 16th, Gary Little sold 21,238 shares of Mulesoft stock. The shares were sold at an average price of $22.01, for a total transaction of $467,448.38.

Shares of Mulesoft Inc (MULE) traded down $0.29 on Friday, hitting $24.40. 534,220 shares of the stock traded hands, compared to its average volume of 1,165,945. Mulesoft Inc has a 52 week low of $19.40 and a 52 week high of $29.00.

Mulesoft (NYSE:MULE) last issued its quarterly earnings data on Thursday, October 26th. The company reported ($0.13) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.04. The company had revenue of $77.60 million for the quarter, compared to analyst estimates of $71.52 million. Mulesoft had a negative net margin of 25.84% and a negative return on equity of 49.63%. The firm’s revenue was up 57.1% compared to the same quarter last year. sell-side analysts predict that Mulesoft Inc will post -0.64 EPS for the current fiscal year.

A number of brokerages have commented on MULE. Barclays upgraded shares of Mulesoft from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $28.00 to $29.00 in a research note on Monday, January 8th. Oppenheimer reiterated a “buy” rating and issued a $30.00 price target on shares of Mulesoft in a research note on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Mulesoft from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. BidaskClub cut shares of Mulesoft from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Finally, UBS Group upgraded shares of Mulesoft from a “market perform” rating to an “outperform” rating and set a $30.00 price target for the company in a research note on Wednesday, November 29th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. Mulesoft currently has an average rating of “Hold” and a consensus price target of $28.00.

Institutional investors and hedge funds have recently modified their holdings of the company. AO Asset Management LLC raised its position in shares of Mulesoft by 2.0% in 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 during the period. Strs Ohio raised its position in shares of Mulesoft by 88.0% in 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 during the period. California Public Employees Retirement System bought a new position in shares of Mulesoft in the first quarter valued at about $243,000. Cubist Systematic Strategies LLC raised its position in shares of Mulesoft by 10,031.0% in 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 during the period. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Mulesoft in the second quarter valued at about $293,000. 23.19% of the stock is currently owned by institutional investors.

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About Mulesoft

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.

Insider Buying and Selling by Quarter for Mulesoft (NYSE:MULE)

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