Allianz Asset Management GmbH lifted its holdings in Mulesoft Inc (NYSE:MULE) by 71.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 199,931 shares of the company’s stock after purchasing an additional 83,421 shares during the period. Allianz Asset Management GmbH’s holdings in Mulesoft were worth $4,650,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Whale Rock Capital Management LLC bought a new position in shares of Mulesoft in the 3rd quarter worth approximately $1,963,000. New York State Common Retirement Fund lifted its stake in shares of Mulesoft by 14.6% in the 3rd quarter. New York State Common Retirement Fund now owns 33,882 shares of the company’s stock worth $682,000 after purchasing an additional 4,320 shares during the period. American International Group Inc. lifted its stake in shares of Mulesoft by 73.1% in the 3rd quarter. American International Group Inc. now owns 16,220 shares of the company’s stock worth $327,000 after purchasing an additional 6,849 shares during the period. Nicholas Investment Partners LP lifted its stake in shares of Mulesoft by 36.0% in the 3rd quarter. Nicholas Investment Partners LP now owns 201,222 shares of the company’s stock worth $4,053,000 after purchasing an additional 53,305 shares during the period. Finally, California State Teachers Retirement System lifted its stake in shares of Mulesoft by 44.5% in the 3rd quarter. California State Teachers Retirement System now owns 38,736 shares of the company’s stock worth $780,000 after purchasing an additional 11,936 shares during the period. Hedge funds and other institutional investors own 51.07% of the company’s stock.
Shares of Mulesoft Inc (MULE) opened at $33.66 on Friday. 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 P/E ratio of -42.08.
Mulesoft (NYSE:MULE) last announced its quarterly earnings data on Thursday, February 15th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.07. Mulesoft had a negative net margin of 26.98% and a negative return on equity of 32.10%. The business had revenue of $88.70 million during the quarter, compared to analyst estimates of $83.56 million. During the same period last year, the firm posted ($0.10) EPS. The company’s revenue was up 60.1% on a year-over-year basis. equities analysts forecast that Mulesoft Inc will post -0.63 earnings per share for the current year.
In other Mulesoft news, Director Mark C. Burton sold 6,573 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $31.08, for a total transaction of $204,288.84. Following the completion of the sale, the director now directly owns 6,573 shares of the company’s stock, valued at approximately $204,288.84. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Mark Dao sold 37,500 shares of the stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $34.08, for a total transaction of $1,278,000.00. Following the sale, the insider now directly owns 38,970 shares of the company’s stock, valued at $1,328,097.60. 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.
A number of research firms have commented on MULE. Oppenheimer raised their target price on shares of Mulesoft from $32.00 to $38.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 6th. Zacks Investment Research cut shares of Mulesoft from a “hold” rating to a “sell” rating in a research note on Saturday, February 17th. Barclays raised their target price on shares of Mulesoft from $29.00 to $31.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Canaccord Genuity raised their target price on shares of Mulesoft from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $33.00 target price on shares of Mulesoft in a research note on Friday, February 16th. Two analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. Mulesoft currently has a consensus rating of “Buy” and a consensus price target of $31.20.
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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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