Mulesoft Inc (MULE) Receives Outperform Rating from William Blair

William Blair reiterated their outperform rating on shares of Mulesoft Inc (NASDAQ:MULE) in a research note issued to investors on Sunday, July 30th.

Several other brokerages have also commented on MULE. J P Morgan Chase & Co started coverage on shares of Mulesoft in a report on Tuesday, April 11th. They issued a neutral rating and a $25.00 price target for the company. Piper Jaffray Companies started coverage on shares of Mulesoft in a report on Tuesday, April 11th. They set an overweight rating and a $30.00 target price for the company. Goldman Sachs Group, Inc. (The) started coverage on shares of Mulesoft in a report on Tuesday, April 11th. They set a neutral rating and a $22.00 target price for the company. Jefferies Group LLC started coverage on shares of Mulesoft in a report on Tuesday, April 11th. They set a buy rating and a $29.00 target price for the company. Finally, Bank of America Corporation started coverage on shares of Mulesoft in a report on Tuesday, April 11th. They set a neutral rating and a $27.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $25.43.

Mulesoft (NASDAQ:MULE) opened at 20.69 on Friday. Mulesoft has a 1-year low of $19.52 and a 1-year high of $29.00. The company’s 50-day moving average is $23.19 and its 200 day moving average is $23.77. The stock’s market capitalization is $2.67 billion.

Mulesoft (NASDAQ:MULE) last issued its quarterly earnings results on Thursday, July 27th. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.01. The company had revenue of $69.20 million during the quarter, compared to analyst estimates of $63.63 million. Mulesoft had a negative net margin of 28.36% and a negative return on equity of 30.07%. The company’s revenue was up 57.3% on a year-over-year basis. Equities analysts predict that Mulesoft will post ($0.39) earnings per share for the current year.

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Several large investors have recently made changes to their positions in the stock. AO Asset Management LLC raised its stake in shares of Mulesoft by 2.0% in the second quarter. AO Asset Management LLC now owns 5,100 shares of the company’s stock worth $127,000 after buying an additional 100 shares in the last quarter. Virtu KCG Holdings LLC raised its stake in shares of Mulesoft by 18.7% in the second quarter. Virtu KCG Holdings LLC now owns 12,782 shares of the company’s stock worth $319,000 after buying an additional 2,013 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Mulesoft by 12.2% in the second quarter. New York State Common Retirement Fund now owns 29,562 shares of the company’s stock worth $737,000 after buying an additional 3,211 shares in the last quarter. Strs Ohio raised its stake in shares of Mulesoft by 88.0% in the second quarter. Strs Ohio now owns 9,400 shares of the company’s stock worth $234,000 after buying an additional 4,400 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Mulesoft by 61.4% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 14,523 shares of the company’s stock worth $362,000 after buying an additional 5,523 shares in the last quarter.

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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