Gary Little Sells 21,238 Shares of Mulesoft Inc. (MULE) Stock
Mulesoft Inc. (NYSE:MULE) Director Gary Little sold 21,238 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $22.01, for a total value of $467,448.38. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Mulesoft Inc. (NYSE MULE) traded up $0.16 on Friday, hitting $22.49. The stock had a trading volume of 1,546,176 shares, compared to its average volume of 866,052. Mulesoft Inc. has a one year low of $19.40 and a one year high of $29.00.
Mulesoft (NYSE:MULE) last issued its quarterly earnings results on Thursday, October 26th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.04. Mulesoft had a negative return on equity of 49.63% and a negative net margin of 25.84%. The company had revenue of $77.60 million for the quarter, compared to analyst estimates of $71.52 million. The company’s revenue was up 57.1% on a year-over-year basis. sell-side analysts expect that Mulesoft Inc. will post -0.64 earnings per share for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sylebra HK Co Ltd boosted its holdings in shares of Mulesoft by 151.2% during the 3rd quarter. Sylebra HK Co Ltd now owns 1,107,129 shares of the company’s stock valued at $22,298,000 after acquiring an additional 666,386 shares in the last quarter. Whale Rock Capital Management LLC acquired a new stake in shares of Mulesoft during the 3rd quarter valued at $1,963,000. Janus Henderson Group PLC boosted its holdings in shares of Mulesoft by 73.3% during the 3rd quarter. Janus Henderson Group PLC now owns 297,541 shares of the company’s stock valued at $5,992,000 after acquiring an additional 125,889 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Mulesoft by 38.4% during the 3rd quarter. Jane Street Group LLC now owns 37,790 shares of the company’s stock valued at $761,000 after acquiring an additional 10,490 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in shares of Mulesoft during the 3rd quarter valued at $1,634,000. 13.75% of the stock is currently owned by institutional investors.
Several brokerages recently commented on MULE. Barclays PLC increased their price target 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 restated a “buy” rating on shares of Mulesoft in a research note on Tuesday, October 24th. Zacks Investment Research lowered Mulesoft from a “hold” rating to a “sell” rating in a research note on Saturday, November 4th. BidaskClub lowered Mulesoft from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Finally, Canaccord Genuity upgraded Mulesoft from a “hold” rating to a “buy” rating and raised their price objective for the stock from $24.00 to $29.00 in a research note on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target 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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