Mulesoft Inc (MULE) Given Average Recommendation of “Buy” by Analysts

Mulesoft Inc (NYSE:MULE) has been given a consensus rating of “Buy” by the fourteen research firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $28.25.

A number of analysts have recently weighed in on MULE shares. Barclays raised Mulesoft from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $28.00 to $29.00 in a research note on Monday, January 8th. BidaskClub lowered Mulesoft from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Zacks Investment Research lowered Mulesoft from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Piper Jaffray Companies reissued a “buy” rating on shares of Mulesoft in a research note on Tuesday, October 24th. Finally, Oppenheimer reissued a “buy” rating and set a $30.00 price objective on shares of Mulesoft in a research note on Wednesday, January 3rd.

Mulesoft (MULE) traded up $1.33 during trading hours on Friday, hitting $23.74. The stock had a trading volume of 2,738,889 shares, compared to its average volume of 1,042,092. The stock has a market capitalization of $3,040.00 and a price-to-earnings ratio of -32.72. Mulesoft has a 52-week low of $19.40 and a 52-week high of $29.00.

In related news, Director Gary Little sold 22,049 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $25.02, for a total transaction of $551,665.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Barry Eggers sold 32,495 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $21.57, for a total value of $700,917.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 599,230 shares of company stock valued at $13,818,868.

A number of institutional investors and hedge funds have recently bought and sold shares of MULE. Vanguard Group Inc. raised its holdings in Mulesoft by 5,501.7% in the second quarter. Vanguard Group Inc. now owns 1,260,372 shares of the company’s stock worth $31,434,000 after purchasing an additional 1,237,872 shares in the last quarter. Jennison Associates LLC raised its holdings in Mulesoft by 76.9% in the fourth quarter. Jennison Associates LLC now owns 1,781,509 shares of the company’s stock worth $41,438,000 after purchasing an additional 774,324 shares in the last quarter. Sylebra HK Co Ltd raised its holdings in Mulesoft by 151.2% in the third quarter. Sylebra HK Co Ltd now owns 1,107,129 shares of the company’s stock worth $22,298,000 after purchasing an additional 666,386 shares in the last quarter. Baillie Gifford & Co. bought a new position in Mulesoft in the third quarter worth $12,166,000. Finally, AlpInvest Partners B.V. bought a new position in Mulesoft in the third quarter worth $9,438,000. Institutional investors and hedge funds own 24.35% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece was posted by American Banking News and is owned by of American Banking News. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2018/02/09/mulesoft-inc-mule-given-average-recommendation-of-buy-by-analysts.html.

About Mulesoft

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.

Analyst Recommendations for Mulesoft (NYSE:MULE)

Receive News & Ratings for Mulesoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mulesoft and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply