Mulesoft Inc (NYSE:MULE) major shareholder Barry Eggers sold 32,495 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $21.57, for a total value of $700,917.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Barry Eggers also recently made the following trade(s):

  • On Tuesday, November 28th, Barry Eggers sold 58,784 shares of Mulesoft stock. The shares were sold at an average price of $22.83, for a total value of $1,342,038.72.

Mulesoft Inc (NYSE MULE) traded up $0.05 during mid-day trading on Wednesday, reaching $21.21. The company’s stock had a trading volume of 1,446,760 shares, compared to its average volume of 937,086. Mulesoft Inc has a 52-week low of $19.40 and a 52-week high of $29.00.

Mulesoft (NYSE:MULE) last issued its quarterly earnings results on Thursday, October 26th. The company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.04. The company had revenue of $77.60 million for the quarter, compared to analyst estimates of $71.52 million. Mulesoft had a negative return on equity of 49.63% and a negative net margin of 25.84%. Mulesoft’s revenue for the quarter was up 57.1% on a year-over-year basis. equities analysts predict that Mulesoft Inc will post -0.64 EPS for the current year.

Several institutional investors have recently modified their holdings of MULE. Lord Abbett & CO. LLC increased its position in Mulesoft by 53.6% during the second quarter. Lord Abbett & CO. LLC now owns 1,202,994 shares of the company’s stock worth $30,003,000 after buying an additional 420,025 shares during the last quarter. California Public Employees Retirement System bought a new stake in shares of Mulesoft during the first quarter worth approximately $243,000. Cipher Capital LP bought a new stake in shares of Mulesoft in the second quarter valued at approximately $693,000. JPMorgan Chase & Co. boosted its stake in shares of Mulesoft by 62.2% in the second quarter. JPMorgan Chase & Co. now owns 1,214,225 shares of the company’s stock valued at $30,283,000 after buying an additional 465,595 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Mulesoft by 125.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 50,782 shares of the company’s stock valued at $1,267,000 after buying an additional 28,282 shares during the period. Institutional investors own 23.19% of the company’s stock.

Several research analysts have weighed in on MULE shares. UBS raised Mulesoft from a “market perform” rating to an “outperform” rating and set a $30.00 target price on the stock in a research report on Wednesday, November 29th. Piper Jaffray Companies reiterated a “buy” rating and issued a $27.00 price objective on shares of Mulesoft in a research report on Monday, August 14th. Zacks Investment Research upgraded Mulesoft from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Oppenheimer upgraded Mulesoft from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a research report on Wednesday, November 29th. Finally, BidaskClub downgraded Mulesoft from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. Mulesoft currently has an average 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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