MuleSoft (MULE) Sets New 1-Year High and Low at $44.65

Shares of MuleSoft (NYSE:MULE) hit a new 52-week high and low during trading on Wednesday . The stock traded as low as $44.65 and last traded at $44.66, with a volume of 599878 shares. The stock had previously closed at $44.56.

MULE has been the subject of several research analyst reports. Zacks Investment Research lowered MuleSoft from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Oppenheimer reaffirmed a “buy” rating and issued a $30.00 price objective on shares of MuleSoft in a report on Wednesday, January 3rd. Barclays raised MuleSoft from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $28.00 to $29.00 in a report on Monday, January 8th. Nomura initiated coverage on MuleSoft in a report on Tuesday, January 23rd. They issued a “buy” rating and a $30.00 price objective for the company. Finally, JPMorgan Chase raised MuleSoft from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $27.00 to $35.00 in a report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $33.33.

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The company has a market capitalization of $5,828.08 and a price-to-earnings ratio of -66.66.

MuleSoft (NYSE:MULE) last released its quarterly earnings data on Thursday, February 15th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.07. The firm had revenue of $88.70 million during the quarter, compared to analyst estimates of $83.56 million. MuleSoft had a negative return on equity of 32.10% and a negative net margin of 26.98%. The business’s quarterly revenue was up 60.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.10) earnings per share. sell-side analysts anticipate that MuleSoft will post -0.63 EPS for the current year.

In other MuleSoft news, Director Mark C. Burton sold 6,573 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $31.08, for a total transaction of $204,288.84. Following the sale, the director now directly owns 6,573 shares in the company, valued at $204,288.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Mark Dao sold 37,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $34.08, for a total value of $1,278,000.00. Following the sale, the insider now owns 38,970 shares in the company, valued at $1,328,097.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 435,788 shares of company stock worth $13,285,955.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alkeon Capital Management LLC bought a new position in shares of MuleSoft during the fourth quarter valued at approximately $465,000. Slow Capital Inc. bought a new position in MuleSoft in the fourth quarter worth approximately $475,000. Sylebra HK Co Ltd grew its stake in MuleSoft by 314.5% in the fourth quarter. Sylebra HK Co Ltd now owns 4,589,312 shares of the company’s stock worth $106,747,000 after purchasing an additional 3,482,183 shares in the last quarter. MetLife Investment Advisors LLC bought a new position in MuleSoft in the fourth quarter worth approximately $273,000. Finally, Macquarie Group Ltd. grew its stake in MuleSoft by 350.0% in the fourth quarter. Macquarie Group Ltd. now owns 5,400 shares of the company’s stock worth $126,000 after purchasing an additional 4,200 shares in the last quarter. 51.06% of the stock is currently owned by hedge funds and other institutional investors.

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MuleSoft Company Profile

MuleSoft, Inc provides Anypoint Platform that allows customers to connect their applications, data, and devices in the United States, the United Kingdom, and internationally. Its platform also enables a self-serve infrastructure through discoverable building blocks or nodes that can be used and reused to compose applications.

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