TimesSquare Capital Management LLC purchased a new position in shares of Mulesoft Inc (NYSE:MULE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,641,700 shares of the company’s stock, valued at approximately $38,186,000. TimesSquare Capital Management LLC owned approximately 1.26% of Mulesoft at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Bank of Montreal Can grew its position in Mulesoft by 71,250.0% during the fourth quarter. Bank of Montreal Can now owns 5,708 shares of the company’s stock worth $133,000 after buying an additional 5,700 shares in the last quarter. Gilder Gagnon Howe & Co. LLC lifted its stake in Mulesoft by 852.0% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 9,682 shares of the company’s stock worth $225,000 after purchasing an additional 8,665 shares during the last quarter. Quadrature Capital Ltd bought a new stake in Mulesoft during the fourth quarter worth $271,000. The Manufacturers Life Insurance Company bought a new stake in Mulesoft during the second quarter worth $293,000. Finally, Wells Fargo & Company MN lifted its stake in Mulesoft by 5,963.5% during the second quarter. Wells Fargo & Company MN now owns 12,127 shares of the company’s stock worth $302,000 after purchasing an additional 11,927 shares during the last quarter. 51.07% of the stock is currently owned by institutional investors and hedge funds.
MULE has been the subject of several recent analyst reports. Canaccord Genuity upped their target price on Mulesoft from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Nomura initiated coverage on Mulesoft in a research note on Tuesday, January 23rd. They set a “buy” rating and a $30.00 target price for the company. Oppenheimer restated a “buy” rating and set a $30.00 target price on shares of Mulesoft in a research note on Wednesday, January 3rd. UBS upgraded Mulesoft from a “market perform” rating to an “outperform” rating and set a $30.00 target price for the company in a research note on Wednesday, November 29th. Finally, Barclays increased their price target on Mulesoft from $29.00 to $31.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. Mulesoft currently has a consensus rating of “Buy” and an average target price of $31.20.
Shares of Mulesoft Inc (NYSE MULE) traded down $0.11 on Friday, hitting $33.66. The stock had a trading volume of 733,737 shares, compared to its average volume of 2,896,419. Mulesoft Inc has a one year low of $19.40 and a one year high of $34.90. The company has a market cap of $4,440.75 and a PE ratio of -42.08.
Mulesoft (NYSE:MULE) last announced its quarterly earnings results on Thursday, February 15th. The company reported ($0.12) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.07. Mulesoft had a negative return on equity of 32.10% and a negative net margin of 26.98%. The company had revenue of $88.70 million during the quarter, compared to analysts’ expectations of $83.56 million. During the same period in the prior year, the company earned ($0.10) EPS. Mulesoft’s revenue was up 60.1% compared to the same quarter last year. research analysts predict that Mulesoft Inc will post -0.63 EPS for the current year.
In related news, Director Mark C. Burton sold 13,146 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $31.11, for a total transaction of $408,972.06. Following the completion of the transaction, the director now directly owns 6,573 shares of the company’s stock, valued at approximately $204,486.03. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gary Little sold 21,585 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $22.45, for a total value of $484,583.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 479,199 shares of company stock valued at $14,298,946.
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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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