Mulesoft Inc (MULE) Major Shareholder Sells $1,549,309.44 in Stock
Mulesoft Inc (NASDAQ:MULE) major shareholder Winblad Venture Partner Hummer sold 65,872 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $23.52, for a total value of $1,549,309.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Shares of Mulesoft Inc (MULE) traded up $0.12 during trading on Friday, reaching $23.50. The company had a trading volume of 963,040 shares.
Mulesoft (NASDAQ:MULE) last announced its quarterly earnings data on Thursday, October 26th. The company reported ($0.13) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.04. The firm had revenue of $77.60 million during the quarter, compared to analyst estimates of $71.52 million. Mulesoft had a negative return on equity of 40.65% and a negative net margin of 32.36%. Mulesoft’s quarterly revenue was up 57.1% on a year-over-year basis.
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Several research analysts recently commented on the company. Barclays PLC boosted their price target on Mulesoft from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, October 27th. Piper Jaffray Companies reiterated a “buy” rating on shares of Mulesoft in a research note on Tuesday, October 24th. Canaccord Genuity upgraded Mulesoft from a “hold” rating to a “buy” rating and boosted their price target for the stock from $24.00 to $29.00 in a research note on Monday, October 23rd. BidaskClub upgraded Mulesoft from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, Goldman Sachs Group, Inc. (The) upgraded Mulesoft from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $24.00 to $26.00 in a research note on Monday, October 9th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $27.29.
Institutional investors have recently made changes to their positions in the stock. AO Asset Management LLC increased its holdings in Mulesoft by 2.0% in the second quarter. AO Asset Management LLC now owns 5,100 shares of the company’s stock valued at $127,000 after buying an additional 100 shares during the last quarter. Nationwide Fund Advisors bought a new position in shares of Mulesoft during the first quarter valued at approximately $146,000. SG Americas Securities LLC bought a new position in shares of Mulesoft during the first quarter valued at approximately $183,000. Strs Ohio grew its holdings in shares of Mulesoft by 88.0% during the second quarter. Strs Ohio now owns 9,400 shares of the company’s stock valued at $234,000 after purchasing an additional 4,400 shares during the last quarter. Finally, California Public Employees Retirement System bought a new position in shares of Mulesoft during the first quarter valued at approximately $243,000.
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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