Mulesoft Inc (NASDAQ:MULE) CEO Gregory George Schott sold 80,111 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $23.37, for a total value of $1,872,194.07. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Mulesoft Inc (MULE) traded down $0.41 during midday trading on Tuesday, hitting $22.99. The company had a trading volume of 1,856,985 shares, compared to its average volume of 1,310,000. Mulesoft Inc has a 52 week low of $19.40 and a 52 week high of $29.00.
Mulesoft (NASDAQ:MULE) last released its quarterly earnings data on Thursday, October 26th. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.04. The business 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 40.65% and a negative net margin of 32.36%. The firm’s revenue for the quarter was up 57.1% compared to the same quarter last year.
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Large investors have recently added to or reduced their stakes in the stock. AO Asset Management LLC boosted its stake in Mulesoft by 2.0% in the second quarter. AO Asset Management LLC now owns 5,100 shares of the company’s stock valued at $127,000 after buying an additional 100 shares in the last quarter. Strs Ohio boosted its stake in shares of Mulesoft by 88.0% during the second quarter. Strs Ohio now owns 9,400 shares of the company’s stock valued at $234,000 after purchasing an additional 4,400 shares in the last quarter. California Public Employees Retirement System acquired a new stake in shares of Mulesoft during the first quarter valued at about $243,000. Cubist Systematic Strategies LLC boosted its stake in shares of Mulesoft by 10,031.0% during the second quarter. Cubist Systematic Strategies LLC now owns 10,131 shares of the company’s stock valued at $253,000 after purchasing an additional 10,031 shares in the last quarter. Finally, KCG Holdings Inc. acquired a new stake in shares of Mulesoft during the first quarter valued at about $262,000.
MULE has been the subject of several research reports. Goldman Sachs Group, Inc. (The) raised Mulesoft from a “neutral” rating to a “buy” rating and raised their price target for the company from $24.00 to $26.00 in a report on Monday, October 9th. BidaskClub downgraded Mulesoft from a “hold” rating to a “sell” rating in a report on Saturday, September 23rd. Barclays PLC increased their price objective on Mulesoft from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, October 27th. William Blair reiterated an “outperform” rating on shares of Mulesoft in a research report on Sunday, July 30th. Finally, Piper Jaffray Companies reiterated a “buy” rating on shares of Mulesoft in a research report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. Mulesoft currently has an average rating of “Hold” and a consensus target price of $27.29.
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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