Mulesoft Inc. (MULE) Director Sells $151,113.27 in Stock
Mulesoft Inc. (NYSE:MULE) Director Mark C. Burton sold 6,573 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $22.99, for a total value of $151,113.27. Following the completion of the transaction, the director now directly owns 6,573 shares of the company’s stock, valued at approximately $151,113.27. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Mulesoft Inc. (NYSE MULE) traded up $0.49 on Wednesday, hitting $23.50. The stock had a trading volume of 1,716,299 shares, compared to its average volume of 888,364. Mulesoft Inc. has a fifty-two week low of $19.40 and a fifty-two week high of $29.00.
Mulesoft (NYSE:MULE) last issued its earnings results on Thursday, October 26th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $77.60 million during the quarter, compared to analysts’ expectations of $71.52 million. The firm’s revenue was up 57.1% on a year-over-year basis. research analysts predict that Mulesoft Inc. will post -0.64 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of the company. Sylebra HK Co Ltd raised its holdings in shares of Mulesoft by 151.2% in the 3rd quarter. Sylebra HK Co Ltd now owns 1,107,129 shares of the company’s stock worth $22,298,000 after buying an additional 666,386 shares in the last quarter. Whale Rock Capital Management LLC acquired a new position in shares of Mulesoft in the 3rd quarter worth approximately $1,963,000. Janus Henderson Group PLC raised its holdings in shares of Mulesoft by 73.3% in the 3rd quarter. Janus Henderson Group PLC now owns 297,541 shares of the company’s stock worth $5,992,000 after buying an additional 125,889 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Mulesoft by 38.4% in the 3rd quarter. Jane Street Group LLC now owns 37,790 shares of the company’s stock worth $761,000 after buying an additional 10,490 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new position in shares of Mulesoft in the 3rd quarter worth approximately $1,634,000. 13.86% of the stock is owned by institutional investors and hedge funds.
Several research firms have commented on MULE. BidaskClub cut Mulesoft from a “hold” rating to a “sell” rating in a report on Friday, November 10th. Zacks Investment Research cut Mulesoft from a “hold” rating to a “sell” rating in a report on Saturday, November 4th. Barclays PLC upped their price target on Mulesoft from $24.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, October 27th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Mulesoft in a report on Tuesday, October 24th. Finally, Canaccord Genuity raised Mulesoft from a “hold” rating to a “buy” rating and upped their price target for the company from $24.00 to $29.00 in a report on Monday, October 23rd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. Mulesoft currently has a consensus 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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