Robert Horton Sells 51,470 Shares of Mulesoft Inc (MULE) Stock
Mulesoft Inc (NYSE:MULE) SVP Robert Horton sold 51,470 shares of the business’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $22.84, for a total transaction of $1,175,574.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Mulesoft Inc (NYSE MULE) traded up $0.37 during trading on Thursday, reaching $22.95. 1,999,794 shares of the company were exchanged, compared to its average volume of 911,282. Mulesoft Inc has a 52 week low of $19.40 and a 52 week high of $29.00.
Mulesoft (NYSE:MULE) last released its quarterly earnings results on Thursday, October 26th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.04. The company had revenue of $77.60 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. equities analysts forecast that Mulesoft Inc will post -0.64 EPS for the current year.
Several equities analysts have recently commented on the stock. Barclays reissued a “hold” rating and issued a $24.00 target price on shares of Mulesoft in a report on Wednesday, August 2nd. BidaskClub raised shares of Mulesoft from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. UBS raised shares of Mulesoft from a “market perform” rating to an “outperform” rating and set a $30.00 target price on the stock in a report on Wednesday. Zacks Investment Research raised shares of Mulesoft from a “sell” rating to a “hold” rating in a report on Friday, September 8th. Finally, Piper Jaffray Companies reissued a “buy” rating on shares of Mulesoft in a report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. Mulesoft presently has a consensus rating of “Hold” and an average price target of $27.89.
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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