Q1 2019 EPS Estimates for Mulesoft Inc (MULE) Lowered by Jefferies Group

Mulesoft Inc (NYSE:MULE) – Jefferies Group decreased their Q1 2019 earnings estimates for Mulesoft in a report issued on Wednesday. Jefferies Group analyst J. Difucci now anticipates that the company will post earnings per share of ($0.18) for the quarter, down from their prior forecast of ($0.11). Jefferies Group currently has a “Hold” rating and a $29.00 price target on the stock. Jefferies Group also issued estimates for Mulesoft’s Q2 2019 earnings at ($0.16) EPS, Q3 2019 earnings at ($0.20) EPS, Q4 2019 earnings at ($0.18) EPS and FY2019 earnings at ($0.71) EPS.

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Mulesoft (NYSE:MULE) last posted its earnings results on Thursday, February 15th. The company reported ($0.12) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.07. The company had revenue of $88.70 million for the quarter, compared to the consensus estimate of $83.56 million. Mulesoft had a negative return on equity of 32.10% and a negative net margin of 26.98%. Mulesoft’s quarterly revenue was up 60.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.10) earnings per share.

MULE has been the topic of a number of other reports. Zacks Investment Research downgraded Mulesoft from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Canaccord Genuity downgraded Mulesoft from a “buy” rating to a “hold” rating and set a $33.00 target price on the stock. in a research report on Wednesday, March 21st. UBS raised Mulesoft from a “market perform” rating to an “outperform” rating and set a $30.00 price target for the company in a report on Wednesday, November 29th. William Blair cut Mulesoft from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 21st. Finally, Oppenheimer boosted their price target on Mulesoft from $32.00 to $38.00 and gave the stock an “outperform” rating in a report on Tuesday, March 6th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. Mulesoft currently has an average rating of “Hold” and a consensus price target of $32.70.

Shares of Mulesoft (MULE) opened at $44.11 on Monday. The company has a market capitalization of $5,763.65 and a price-to-earnings ratio of -55.14. Mulesoft has a 12-month low of $19.40 and a 12-month high of $44.58.

Institutional investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. increased its stake in Mulesoft by 350.0% in the fourth quarter. Macquarie Group Ltd. now owns 5,400 shares of the company’s stock valued at $126,000 after purchasing an additional 4,200 shares during the last quarter. Bank of Montreal Can increased its stake in Mulesoft by 71,250.0% in the fourth quarter. Bank of Montreal Can now owns 5,708 shares of the company’s stock valued at $133,000 after purchasing an additional 5,700 shares during the last quarter. Gilder Gagnon Howe & Co. LLC increased its stake in Mulesoft by 852.0% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 9,682 shares of the company’s stock valued at $225,000 after purchasing an additional 8,665 shares during the last quarter. Quadrature Capital Ltd acquired a new position in Mulesoft in the fourth quarter valued at $271,000. Finally, MetLife Investment Advisors LLC acquired a new position in Mulesoft in the fourth quarter valued at $273,000. Hedge funds and other institutional investors own 51.07% of the company’s stock.

In related news, insider Mark Dao sold 37,500 shares of the company’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $34.08, for a total value of $1,278,000.00. Following the completion of the transaction, the insider now directly owns 38,970 shares in the company, valued at $1,328,097.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Gregory George Schott sold 150,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $30.10, for a total value of $4,515,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 457,614 shares of company stock valued at $13,814,363.

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About Mulesoft

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.

Earnings History and Estimates for Mulesoft (NYSE:MULE)

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