Mulesoft Inc (MULE) Director Sells $484,583.25 in Stock

Mulesoft Inc (NYSE:MULE) Director Gary Little sold 21,585 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $22.45, for a total transaction of $484,583.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Gary Little also recently made the following trade(s):

  • On Thursday, November 16th, Gary Little sold 21,238 shares of Mulesoft stock. The shares were sold at an average price of $22.01, for a total transaction of $467,448.38.

Mulesoft Inc (NYSE:MULE) opened at $22.44 on Friday. Mulesoft Inc has a 52-week low of $19.40 and a 52-week high of $29.00.

Mulesoft (NYSE:MULE) last announced its quarterly earnings data on Thursday, October 26th. The company reported ($0.13) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.04. The business had revenue of $77.60 million during the quarter, compared to analyst estimates of $71.52 million. Mulesoft had a negative net margin of 25.84% and a negative return on equity of 49.63%. The business’s quarterly revenue was up 57.1% compared to the same quarter last year. equities analysts expect that Mulesoft Inc will post -0.64 earnings per share for the current year.

Several research firms recently issued reports on MULE. Oppenheimer raised shares of Mulesoft from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a research note on Wednesday, November 29th. UBS raised shares of Mulesoft from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a research note on Wednesday, November 29th. BidaskClub lowered shares of Mulesoft from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Zacks Investment Research lowered shares of Mulesoft from a “hold” rating to a “sell” rating in a research note on Saturday, November 4th. Finally, Barclays boosted their target price on shares of Mulesoft from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $27.89.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its stake in Mulesoft by 35.2% in the third quarter. JPMorgan Chase & Co. now owns 1,641,178 shares of the company’s stock valued at $33,265,000 after acquiring an additional 426,953 shares during the period. Bain Capital Public Equity Management LLC increased its stake in Mulesoft by 87.4% in the second quarter. Bain Capital Public Equity Management LLC now owns 1,317,471 shares of the company’s stock valued at $32,858,000 after acquiring an additional 614,389 shares during the period. Vanguard Group Inc. increased its stake in Mulesoft by 5,501.7% in the second quarter. Vanguard Group Inc. now owns 1,260,372 shares of the company’s stock valued at $31,434,000 after acquiring an additional 1,237,872 shares during the period. Lord Abbett & CO. LLC increased its stake in Mulesoft by 53.6% in the second quarter. Lord Abbett & CO. LLC now owns 1,202,994 shares of the company’s stock valued at $30,003,000 after acquiring an additional 420,025 shares during the period. Finally, Sylebra HK Co Ltd increased its stake in Mulesoft by 151.2% in the third quarter. Sylebra HK Co Ltd now owns 1,107,129 shares of the company’s stock valued at $22,298,000 after acquiring an additional 666,386 shares during the period. 23.19% of the stock is currently owned by institutional investors and hedge funds.

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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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