Mulesoft Inc (NASDAQ:MULE) major shareholder Ventures Fund I. L.P. Sapphire sold 1,100,000 shares of Mulesoft stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $21.47, for a total value of $23,617,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Mulesoft Inc (NASDAQ MULE) traded down 1.17% during trading on Wednesday, hitting $22.72. 1,318,379 shares of the company’s stock traded hands. Mulesoft Inc has a 12 month low of $19.40 and a 12 month high of $29.00. The company’s 50 day moving average is $20.91 and its 200-day moving average is $23.04. The stock’s market cap is $2.93 billion.

Mulesoft (NASDAQ:MULE) last released its quarterly earnings results on Thursday, July 27th. The company reported ($0.15) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.01. Mulesoft had a negative net margin of 28.36% and a negative return on equity of 30.07%. The business had revenue of $69.20 million for the quarter, compared to the consensus estimate of $63.63 million. The firm’s revenue was up 57.3% compared to the same quarter last year. On average, analysts predict that Mulesoft Inc will post ($0.39) earnings per share for the current year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Strs Ohio bought a new position in Mulesoft in the first quarter worth approximately $121,000. AO Asset Management LLC raised its position in Mulesoft by 2.0% in the second quarter. AO Asset Management LLC now owns 5,100 shares of the company’s stock worth $127,000 after acquiring an additional 100 shares during the period. Nationwide Fund Advisors bought a new position in Mulesoft in the first quarter worth approximately $146,000. SG Americas Securities LLC bought a new position in Mulesoft in the first quarter worth approximately $183,000. Finally, Point72 Asia Hong Kong Ltd bought a new position in Mulesoft in the first quarter worth approximately $242,000.

MULE has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Mulesoft from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. William Blair reissued an “outperform” rating on shares of Mulesoft in a research report on Sunday, July 30th. BidaskClub cut shares of Mulesoft from a “hold” rating to a “sell” rating in a research report on Saturday, September 23rd. Goldman Sachs Group, Inc. (The) raised shares of Mulesoft from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $24.00 to $26.00 in a research report on Monday. Finally, Barclays PLC reissued a “hold” rating and set a $24.00 target price on shares of Mulesoft in a research report on Wednesday, August 2nd. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Mulesoft presently has an average rating of “Hold” and an average price target of $26.00.

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.

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