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.

A number of institutional investors have recently added to or reduced their stakes in MULE. Sylebra HK Co Ltd increased its position in Mulesoft by 151.2% during the third 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 during the last quarter. Whale Rock Capital Management LLC bought a new position in Mulesoft during the third quarter valued at $1,963,000. Janus Henderson Group PLC increased its position in Mulesoft by 73.3% during the third 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 during the last quarter. Jane Street Group LLC increased its position in Mulesoft by 38.4% during the third 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 during the last quarter. Finally, Engineers Gate Manager LP bought a new position in Mulesoft during the third quarter valued at $1,634,000. 23.19% of the stock is currently owned by institutional investors.

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.

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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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