GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in MuleSoft (NYSE:MULE) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 183,827 shares of the company’s stock, valued at approximately $8,085,000. MuleSoft accounts for 1.0% of GABELLI & Co INVESTMENT ADVISERS INC.’s portfolio, making the stock its 28th largest position.
Other institutional investors and hedge funds have also bought and sold shares of the company. Sylebra HK Co Ltd grew its holdings in MuleSoft by 314.5% in the 4th quarter. Sylebra HK Co Ltd now owns 4,589,312 shares of the company’s stock valued at $106,747,000 after buying an additional 3,482,183 shares in the last quarter. Whale Rock Capital Management LLC grew its holdings in MuleSoft by 2,502.3% in the 4th quarter. Whale Rock Capital Management LLC now owns 2,536,291 shares of the company’s stock valued at $58,994,000 after buying an additional 2,438,826 shares in the last quarter. TimesSquare Capital Management LLC acquired a new position in MuleSoft in the 4th quarter valued at $38,186,000. Vivaldi Asset Management LLC acquired a new position in MuleSoft in the 1st quarter valued at $38,573,000. Finally, Jennison Associates LLC grew its holdings in MuleSoft by 76.9% in the 4th quarter. Jennison Associates LLC now owns 1,781,509 shares of the company’s stock valued at $41,438,000 after buying an additional 774,324 shares in the last quarter. Institutional investors and hedge funds own 51.09% of the company’s stock.
In other MuleSoft news, Chairman Gregory George Schott sold 150,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $30.10, for a total value of $4,515,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Matt Langdon sold 46,520 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $31.17, for a total value of $1,450,028.40. Following the completion of the transaction, the chief financial officer now owns 66,531 shares of the company’s stock, valued at $2,073,771.27. The disclosure for this sale can be found here. Insiders sold 422,509 shares of company stock worth $13,124,730 over the last ninety days.
MULE opened at $44.57 on Tuesday. The firm has a market cap of $5.86 billion, a PE ratio of -66.52 and a beta of -3.73. MuleSoft has a 52-week low of $19.40 and a 52-week high of $44.75.
MULE has been the topic of a number of research reports. Piper Jaffray Companies lowered MuleSoft from an “overweight” rating to a “neutral” rating in a report on Monday, April 2nd. Zacks Investment Research lowered MuleSoft from a “hold” rating to a “strong sell” rating in a report on Thursday, April 19th. Oppenheimer increased their target price on MuleSoft from $32.00 to $38.00 and gave the stock an “outperform” rating in a report on Tuesday, March 6th. Canaccord Genuity increased their target price on MuleSoft from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Finally, Nomura initiated coverage on MuleSoft in a report on Tuesday, January 23rd. They set a “buy” rating and a $30.00 target price on the stock. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $33.33.
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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