Mulesoft Inc (NYSE:MULE) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 2,997,831 shares, a growth of 72.3% from the November 30th total of 1,740,159 shares. Based on an average daily volume of 1,966,626 shares, the days-to-cover ratio is presently 1.5 days. Currently, 5.9% of the shares of the stock are short sold.

Mulesoft (MULE) opened at $24.75 on Thursday. Mulesoft has a 52 week low of $19.40 and a 52 week high of $29.00. The stock has a market cap of $3,220.00 and a P/E ratio of -34.38.

Mulesoft (NYSE:MULE) last announced its quarterly earnings data on Thursday, October 26th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.04. The firm 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 firm’s revenue was up 57.1% on a year-over-year basis. equities analysts predict that Mulesoft will post -0.64 EPS for the current fiscal year.

In other news, major shareholder Ventures Fund I. L.P. Sapphire sold 1,100,000 shares of the stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $21.47, for a total transaction of $23,617,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Winblad Venture Partner Hummer sold 65,872 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $23.52, for a total transaction of $1,549,309.44. The disclosure for this sale can be found here. Insiders have sold 1,899,487 shares of company stock worth $42,062,801 over the last three months.

A number of institutional investors and hedge funds have recently bought and sold shares of MULE. Schwab Charles Investment Management Inc. acquired a new stake in Mulesoft in the second quarter worth $629,000. Rhumbline Advisers acquired a new stake in Mulesoft in the second quarter worth $415,000. Bank of New York Mellon Corp raised its holdings in Mulesoft by 274.2% in the second quarter. Bank of New York Mellon Corp now owns 90,630 shares of the company’s stock worth $2,261,000 after purchasing an additional 66,412 shares during the period. Cipher Capital LP acquired a new stake in Mulesoft in the second quarter worth $693,000. Finally, JPMorgan Chase & Co. raised its holdings in Mulesoft by 62.2% in the second quarter. JPMorgan Chase & Co. now owns 1,214,225 shares of the company’s stock worth $30,283,000 after purchasing an additional 465,595 shares during the period. Institutional investors own 23.19% of the company’s stock.

MULE has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Mulesoft from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. BidaskClub raised shares of Mulesoft from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. UBS Group raised shares of Mulesoft from a “market perform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a research note on Wednesday, November 29th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Mulesoft in a research note on Tuesday, October 24th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Mulesoft in a research note on Monday, September 18th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. The company 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.

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