Mulesoft Inc (MULE) Director Gary Little Sells 21,826 Shares

Mulesoft Inc (NYSE:MULE) Director Gary Little sold 21,826 shares of the company’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $24.21, for a total transaction of $528,407.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

  • On Monday, December 18th, Gary Little sold 21,585 shares of Mulesoft stock. The stock was sold at an average price of $22.45, for a total transaction of $484,583.25.
  • On Thursday, November 16th, Gary Little sold 21,238 shares of Mulesoft stock. The stock was sold at an average price of $22.01, for a total transaction of $467,448.38.

Shares of Mulesoft Inc (MULE) traded up $0.46 on Thursday, hitting $24.69. 570,967 shares of the stock traded hands, compared to its average volume of 1,424,908. The company has a market capitalization of $3,210.00 and a price-to-earnings ratio of -34.29. Mulesoft Inc has a 52 week low of $19.40 and a 52 week high of $29.00.

Mulesoft (NYSE:MULE) last issued its quarterly earnings data on Thursday, October 26th. The company reported ($0.13) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.04. The company had revenue of $77.60 million for 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 firm’s revenue was up 57.1% compared to the same quarter last year. analysts anticipate that Mulesoft Inc will post -0.64 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. AO Asset Management LLC grew 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 acquiring an additional 100 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of Mulesoft by 10,031.0% in the second quarter. Cubist Systematic Strategies LLC now owns 10,131 shares of the company’s stock valued at $253,000 after acquiring an additional 10,031 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of Mulesoft in the second quarter valued at about $293,000. Wells Fargo & Company MN grew its stake in shares of Mulesoft by 5,963.5% in the second quarter. Wells Fargo & Company MN now owns 12,127 shares of the company’s stock valued at $302,000 after acquiring an additional 11,927 shares in the last quarter. Finally, Virtu KCG Holdings LLC grew 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 valued at $319,000 after acquiring an additional 2,013 shares in the last quarter. 23.19% of the stock is currently owned by institutional investors.

Several analysts have issued reports on the stock. Barclays raised shares of Mulesoft from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $28.00 to $29.00 in a research report on Monday. Oppenheimer reissued a “buy” rating and issued a $30.00 price objective on shares of Mulesoft in a research report on Wednesday, January 3rd. Zacks Investment Research lowered shares of Mulesoft from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. UBS Group raised shares of Mulesoft from a “market perform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a research report on Wednesday, November 29th. Finally, BidaskClub lowered shares of Mulesoft from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $28.00.

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About Mulesoft

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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