Mulesoft Inc (NASDAQ:MULE) major shareholder Ross Mason sold 125,000 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $23.27, for a total transaction of $2,908,750.00. Following the completion of the sale, the insider now directly owns 125,000 shares of the company’s stock, valued at approximately $2,908,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Mulesoft Inc (NASDAQ:MULE) opened at $23.50 on Friday.
Mulesoft (NASDAQ:MULE) last posted its earnings results on Thursday, October 26th. The company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.04. The firm had revenue of $77.60 million during 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%. The business’s revenue for the quarter was up 57.1% compared to the same quarter last year.
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Institutional investors have recently added to or reduced their stakes in the company. AO Asset Management LLC increased 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 valued at $127,000 after buying an additional 100 shares during the period. Nationwide Fund Advisors acquired a new position in shares of Mulesoft in the first quarter valued at approximately $146,000. SG Americas Securities LLC acquired a new position in shares of Mulesoft in the first quarter valued at approximately $183,000. Strs Ohio increased 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 valued at $234,000 after buying an additional 4,400 shares during the period. Finally, California Public Employees Retirement System acquired a new position in shares of Mulesoft in the first quarter valued at approximately $243,000.
A number of equities research analysts have recently issued reports on MULE shares. William Blair reissued an “outperform” rating on shares of Mulesoft in a research report on Sunday, July 30th. Zacks Investment Research cut shares of Mulesoft from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Barclays PLC reissued a “hold” rating and issued a $24.00 target price on shares of Mulesoft in a research report on Wednesday, August 2nd. Piper Jaffray Companies reissued a “buy” rating and issued a $27.00 target price on shares of Mulesoft in a research report on Monday, August 14th. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Mulesoft in a research report on Monday, September 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Mulesoft presently has a consensus rating of “Hold” and an average 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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