Cubist Systematic Strategies LLC Increases Stake in Mulesoft Inc (MULE)

Cubist Systematic Strategies LLC grew its holdings in shares of Mulesoft Inc (NASDAQ:MULE) by 10,031.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,131 shares of the company’s stock after buying an additional 10,031 shares during the period. Cubist Systematic Strategies LLC’s holdings in Mulesoft were worth $253,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. AO Asset Management LLC boosted its holdings in shares of Mulesoft by 2.0% during the 2nd 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. Virtu KCG Holdings LLC boosted its holdings in shares of Mulesoft by 18.7% during the 2nd quarter. Virtu KCG Holdings LLC now owns 12,782 shares of the company’s stock valued at $319,000 after buying an additional 2,013 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Mulesoft by 12.2% during the 2nd quarter. New York State Common Retirement Fund now owns 29,562 shares of the company’s stock valued at $737,000 after buying an additional 3,211 shares in the last quarter. Strs Ohio boosted its holdings in shares of Mulesoft by 88.0% during the 2nd quarter. Strs Ohio now owns 9,400 shares of the company’s stock valued at $234,000 after buying an additional 4,400 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its holdings in shares of Mulesoft by 61.4% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 14,523 shares of the company’s stock valued at $362,000 after buying an additional 5,523 shares in the last quarter.

A number of analysts have recently commented on the stock. Barclays PLC boosted their target price on shares of Mulesoft from $24.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, October 27th. Piper Jaffray Companies restated a “buy” rating on shares of Mulesoft in a report on Tuesday, October 24th. Zacks Investment Research upgraded shares of Mulesoft from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Canaccord Genuity upgraded shares of Mulesoft from a “hold” rating to a “buy” rating and boosted their target price for the company from $24.00 to $29.00 in a report on Monday, October 23rd. Finally, BidaskClub upgraded shares of Mulesoft from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Mulesoft currently has an average rating of “Hold” and a consensus target price of $27.29.

Mulesoft Inc (NASDAQ:MULE) opened at 23.39 on Wednesday. The company’s market cap is $3.02 billion. The company has a 50-day moving average of $21.70 and a 200-day moving average of $23.10. Mulesoft Inc has a 52 week low of $19.40 and a 52 week high of $29.00.

Mulesoft (NASDAQ:MULE) last issued its quarterly earnings data on Thursday, October 26th. The company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.04. Mulesoft had a negative return on equity of 40.65% and a negative net margin of 32.36%. The company had revenue of $77.60 million for the quarter, compared to the consensus estimate of $71.52 million. The company’s revenue was up 57.1% on a year-over-year basis. On average, equities analysts expect that Mulesoft Inc will post ($0.41) EPS 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 firm’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $21.47, for a total transaction of $23,617,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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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Institutional Ownership by Quarter for Mulesoft (NASDAQ:MULE)

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