Mulesoft Inc (NASDAQ:MULE) major shareholder Ross Mason sold 125,000 shares of Mulesoft stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $23.27, for a total value of $2,908,750.00. Following the completion of the transaction, the insider now directly owns 125,000 shares of the company’s stock, valued at $2,908,750. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Mulesoft (NASDAQ:MULE) last posted its earnings results on Thursday, October 26th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.04. Mulesoft had a negative return on equity of 40.65% and a negative net margin of 32.36%. The business had revenue of $77.60 million during the quarter, compared to analyst estimates of $71.52 million. The company’s revenue for the quarter was up 57.1% on a year-over-year basis.

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Hedge funds have recently bought and sold shares of the company. Janus Capital Management LLC acquired a new stake in shares of Mulesoft in the first quarter valued at about $4,126,000. Morgan Stanley acquired a new stake in shares of Mulesoft in the first quarter valued at about $12,477,000. Lord Abbett & CO. LLC grew its stake in shares of Mulesoft by 53.6% in the second quarter. Lord Abbett & CO. LLC now owns 1,202,994 shares of the company’s stock valued at $30,003,000 after buying an additional 420,025 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Mulesoft in the first quarter valued at about $183,000. Finally, California Public Employees Retirement System acquired a new stake in shares of Mulesoft in the first quarter valued at about $243,000.

Several equities analysts have weighed in on the company. Barclays PLC lifted their target price on Mulesoft from $24.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, October 27th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Mulesoft in a research report on Tuesday, October 24th. Zacks Investment Research raised Mulesoft from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. BidaskClub raised Mulesoft from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, Canaccord Genuity raised Mulesoft from a “hold” rating to a “buy” rating and lifted their target price for the company from $24.00 to $29.00 in a research report on Monday, October 23rd. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Mulesoft has an average rating of “Hold” and an average target price of $27.29.

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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