Other equities analysts have also recently issued reports about the stock. Piper Jaffray Companies reissued a buy rating and issued a $27.00 price objective on shares of Mulesoft in a research note on Monday, August 14th. Goldman Sachs Group, Inc. (The) upgraded shares of Mulesoft from a neutral rating to a buy rating and boosted their target price for the stock from $24.00 to $26.00 in a research report on Monday, October 9th. Canaccord Genuity upgraded shares of Mulesoft from a hold rating to a buy rating and boosted their target price for the stock from $24.00 to $29.00 in a research report on Monday, October 23rd. BidaskClub upgraded shares of Mulesoft from a sell rating to a hold rating in a research report on Wednesday, October 11th. Finally, Oppenheimer Holdings, Inc. restated a hold rating on shares of Mulesoft in a research report on Monday, September 18th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $27.29.
Shares of Mulesoft (NASDAQ MULE) opened at 23.98 on Friday. Mulesoft has a one year low of $19.40 and a one year high of $29.00. The company’s 50-day moving average is $21.62 and its 200-day moving average is $23.08. The stock’s market capitalization is $3.09 billion.
Mulesoft (NASDAQ:MULE) last announced its quarterly earnings data on Thursday, October 26th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.04. The company had revenue of $77.60 million for the quarter, compared to analysts’ expectations of $71.52 million. Mulesoft had a negative net margin of 32.36% and a negative return on equity of 40.65%. Mulesoft’s quarterly revenue was up 57.1% compared to the same quarter last year. On average, equities research analysts anticipate that Mulesoft will post ($0.39) earnings per share for the current year.
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In related news, major shareholder Ventures Fund I. L.P. Sapphire sold 1,100,000 shares of the business’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $21.47, for a total value of $23,617,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Several institutional investors have recently added to or reduced their stakes in MULE. Vanguard Group Inc. boosted its position in shares of Mulesoft by 5,501.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,260,372 shares of the company’s stock worth $31,434,000 after buying an additional 1,237,872 shares in the last quarter. Bain Capital Public Equity Management LLC lifted its holdings in Mulesoft by 87.4% in the 2nd quarter. Bain Capital Public Equity Management LLC now owns 1,317,471 shares of the company’s stock valued at $32,858,000 after purchasing an additional 614,389 shares in the last quarter. Baillie Gifford & Co. purchased a new position in Mulesoft in the 3rd quarter valued at about $12,166,000. Morgan Stanley purchased a new position in Mulesoft in the 1st quarter valued at about $12,477,000. Finally, JPMorgan Chase & Co. lifted its holdings in Mulesoft by 62.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,214,225 shares of the company’s stock valued at $30,283,000 after purchasing an additional 465,595 shares in the last quarter.
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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