Mulesoft (MULE) Trading Up -0.2%

Shares of Mulesoft Inc (NYSE:MULE) were up 0.2% on Thursday . The company traded as high as $44.58 and last traded at $44.17. Approximately 6,323,852 shares traded hands during trading, an increase of 124% from the average daily volume of 2,825,301 shares. The stock had previously closed at $44.24.

Several equities analysts have recently commented on MULE shares. Canaccord Genuity upped their price target on shares of Mulesoft from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Nomura started coverage on shares of Mulesoft in a research report on Tuesday, January 23rd. They set a “buy” rating and a $30.00 price target for the company. Oppenheimer restated a “buy” rating and set a $30.00 price target on shares of Mulesoft in a research report on Wednesday, January 3rd. Jefferies Group lowered shares of Mulesoft from a “buy” rating to a “hold” rating and set a $29.00 price target for the company. in a research report on Wednesday. Finally, William Blair lowered shares of Mulesoft from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $32.70.

The company has a market capitalization of $5,817.56 and a PE ratio of -54.79.

Mulesoft (NYSE:MULE) last announced its earnings results on Thursday, February 15th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 net margin of 26.98% and a negative return on equity of 32.10%. Mulesoft’s revenue was up 60.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.10) EPS. equities analysts anticipate that Mulesoft Inc will post -0.63 EPS for the current year.

In other news, insider Mark Dao sold 37,500 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now owns 38,970 shares in the company, valued at approximately $1,328,097.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Gary Little sold 21,826 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $24.21, for a total transaction of $528,407.46. The disclosure for this sale can be found here. Insiders sold a total of 457,614 shares of company stock valued at $13,814,363 in the last quarter.

Several large investors have recently bought and sold shares of MULE. State Street Corp bought a new position in shares of Mulesoft during the 2nd quarter valued at about $5,375,000. The Manufacturers Life Insurance Company bought a new position in shares of Mulesoft during the 2nd quarter valued at about $293,000. California State Teachers Retirement System bought a new position in shares of Mulesoft during the 2nd quarter valued at about $668,000. New York State Common Retirement Fund boosted its position in shares of Mulesoft by 14.6% during the 3rd quarter. New York State Common Retirement Fund now owns 33,882 shares of the company’s stock valued at $682,000 after purchasing an additional 4,320 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Mulesoft by 36.2% during the 3rd quarter. Rhumbline Advisers now owns 22,647 shares of the company’s stock valued at $456,000 after purchasing an additional 6,022 shares in the last quarter. Institutional investors own 51.05% of the company’s stock.

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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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