Mulesoft Inc (NYSE:MULE) insider Simon Parmett sold 61,453 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $22.85, for a total transaction of $1,404,201.05. Following the completion of the transaction, the insider now owns 31,453 shares in the company, valued at approximately $718,701.05. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Simon Parmett also recently made the following trade(s):

  • On Friday, November 10th, Simon Parmett sold 30,000 shares of Mulesoft stock. The stock was sold at an average price of $23.45, for a total transaction of $703,500.00.
  • On Monday, November 13th, Simon Parmett sold 51,536 shares of Mulesoft stock. The stock was sold at an average price of $23.42, for a total transaction of $1,206,973.12.

Shares of Mulesoft Inc (NYSE:MULE) traded up $0.37 during midday trading on Thursday, hitting $22.95. 1,999,794 shares of the stock were exchanged, compared to its average volume of 911,282. Mulesoft Inc has a twelve month low of $19.40 and a twelve month high of $29.00.

Mulesoft (NYSE:MULE) last issued its quarterly earnings data on Thursday, October 26th. The company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.04. The business had revenue of $77.60 million for the quarter, compared to analysts’ expectations of $71.52 million. Mulesoft had a negative net margin of 25.84% and a negative return on equity of 49.63%. The business’s revenue was up 57.1% compared to the same quarter last year. research analysts forecast that Mulesoft Inc will post -0.64 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. AO Asset Management LLC grew its stake in Mulesoft by 2.0% in the 2nd quarter. AO Asset Management LLC now owns 5,100 shares of the company’s stock valued at $127,000 after acquiring an additional 100 shares during the period. Strs Ohio grew its stake in Mulesoft by 88.0% in the 2nd quarter. Strs Ohio now owns 9,400 shares of the company’s stock valued at $234,000 after acquiring an additional 4,400 shares during the period. California Public Employees Retirement System acquired a new stake in Mulesoft in the 1st quarter valued at $243,000. Cubist Systematic Strategies LLC grew its stake in Mulesoft by 10,031.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 10,131 shares of the company’s stock valued at $253,000 after acquiring an additional 10,031 shares during the period. Finally, Lakeview Capital Partners LLC acquired a new stake in Mulesoft in the 2nd quarter valued at $269,000. 23.19% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently weighed in on the stock. Barclays increased their price target on shares of Mulesoft from $24.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, October 27th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Mulesoft in a research note on Tuesday, October 24th. Zacks Investment Research cut shares of Mulesoft from a “hold” rating to a “sell” rating in a research note on Saturday, November 4th. BidaskClub cut shares of Mulesoft from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Finally, Canaccord Genuity raised shares of 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 analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $27.89.

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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.

Insider Buying and Selling by Quarter for Mulesoft (NYSE:MULE)

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