Sylebra HK Co Ltd decreased its position in MuleSoft (NYSE:MULE) by 57.1% during the first quarter, HoldingsChannel reports. The firm owned 1,969,371 shares of the company’s stock after selling 2,619,941 shares during the quarter. MuleSoft makes up approximately 7.1% of Sylebra HK Co Ltd’s holdings, making the stock its 5th largest holding. Sylebra HK Co Ltd’s holdings in MuleSoft were worth $86,613,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in MULE. Whale Rock Capital Management LLC boosted its stake 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 worth $58,994,000 after purchasing an additional 2,438,826 shares in the last quarter. UBS Group AG boosted its stake in MuleSoft by 3,312.6% in the 1st quarter. UBS Group AG now owns 1,713,329 shares of the company’s stock worth $75,352,000 after purchasing an additional 1,663,123 shares in the last quarter. TimesSquare Capital Management LLC bought a new position in MuleSoft in the 4th quarter worth about $38,186,000. Alpine Associates Management Inc. bought a new position in MuleSoft in the 1st quarter worth about $64,440,000. Finally, Water Island Capital LLC bought a new position in MuleSoft in the 1st quarter worth about $54,822,000. Institutional investors own 51.09% of the company’s stock.
MULE has been the topic of several research analyst reports. ValuEngine upgraded shares of MuleSoft from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Canaccord Genuity cut shares of MuleSoft from a “buy” rating to a “hold” rating and set a $33.00 target price on the stock. in a research note on Wednesday, March 21st. Instinet restated a “neutral” rating on shares of MuleSoft in a research note on Wednesday, March 21st. Barclays cut shares of MuleSoft from an “overweight” rating to an “equal weight” rating in a research note on Thursday, April 12th. Finally, JPMorgan Chase & Co. cut shares of MuleSoft from an “overweight” rating to a “neutral” rating and set a $35.00 target price on the stock. in a research note on Wednesday, March 21st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $33.33.
In other news, Director Ann L. Winblad sold 8,770 shares of the company’s stock in a transaction dated Tuesday, April 17th. The shares were sold at an average price of $44.52, for a total transaction of $390,440.40. Following the completion of the sale, the director now owns 351,158 shares of the company’s stock, valued at approximately $15,633,554.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of MuleSoft remained flat at $$44.57 during midday trading on Thursday, according to Marketbeat. MuleSoft has a 12-month low of $19.40 and a 12-month high of $44.75. The stock has a market capitalization of $5.86 billion, a price-to-earnings ratio of -66.52 and a beta of -3.73.
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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