Mulesoft Inc (NASDAQ:MULE)‘s stock had its “buy” rating reissued by equities research analysts at Piper Jaffray Companies in a note issued to investors on Tuesday.

Other research analysts have also issued reports about the company. Canaccord Genuity upgraded Mulesoft from a “hold” rating to a “buy” rating and raised their price target for the stock from $24.00 to $29.00 in a research report on Monday. Zacks Investment Research upgraded Mulesoft from a “sell” rating to a “hold” rating in a research report on Friday, September 8th. Barclays PLC restated a “hold” rating and issued a $24.00 price target on shares of Mulesoft in a research report on Wednesday, August 2nd. BidaskClub upgraded Mulesoft from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Mulesoft in a research report on Monday, September 18th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $26.71.

Mulesoft (MULE) traded up 0.04% during mid-day trading on Tuesday, hitting $23.75. The stock had a trading volume of 817,237 shares. Mulesoft has a 1-year low of $19.40 and a 1-year high of $29.00. The stock has a 50 day moving average of $21.37 and a 200-day moving average of $23.06. The firm’s market cap is $3.06 billion.

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

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In related news, major shareholder Ventures Fund I. L.P. Sapphire sold 1,100,000 shares of the firm’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $21.47, for a total transaction of $23,617,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

A number of institutional investors have recently modified their holdings of MULE. AO Asset Management LLC raised its stake in Mulesoft by 2.0% during the 2nd quarter. AO Asset Management LLC now owns 5,100 shares of the company’s stock worth $127,000 after buying an additional 100 shares during the period. Nationwide Fund Advisors acquired a new stake in Mulesoft during the 1st quarter worth $146,000. SG Americas Securities LLC acquired a new stake in Mulesoft during the 1st quarter worth $183,000. Strs Ohio raised its stake in Mulesoft by 88.0% during the 2nd quarter. Strs Ohio now owns 9,400 shares of the company’s stock worth $234,000 after buying an additional 4,400 shares during the period. Finally, California Public Employees Retirement System acquired a new stake in Mulesoft during the 1st quarter worth $243,000.

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.

Analyst Recommendations for Mulesoft (NASDAQ:MULE)

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