Gilder Gagnon Howe & Co. LLC bought a new stake in Mulesoft Inc (NASDAQ:MULE) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,261,452 shares of the company’s stock, valued at approximately $30,691,000. Gilder Gagnon Howe & Co. LLC owned about 4.68% of Mulesoft at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in MULE. Nationwide Fund Advisors bought a new stake in Mulesoft during the first quarter valued at $146,000. Strs Ohio acquired a new stake in Mulesoft during the first quarter valued at approximately $121,000. Cisco Systems Inc. purchased a new position in Mulesoft during the first quarter valued at about $36,229,000. Emerald Mutual Fund Advisers Trust purchased a new position in Mulesoft during the first quarter valued at about $3,041,000. Finally, Sumitomo Mitsui Asset Management Company LTD purchased a new position in Mulesoft during the first quarter valued at about $218,000.

Institutional Ownership by Quarter for Mulesoft (NASDAQ:MULE)

Shares of Mulesoft Inc (NASDAQ:MULE) traded up 1.52% during midday trading on Friday, hitting $24.68. 1,633,533 shares of the company were exchanged. Mulesoft Inc has a 52-week low of $21.17 and a 52-week high of $29.00. The stock’s market capitalization is $3.18 billion. The company has a 50-day moving average price of $24.35 and a 200-day moving average price of $23.80.

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Several research firms recently issued reports on MULE. Oppenheimer Holdings, Inc. began coverage on shares of Mulesoft in a research note on Thursday, June 8th. They issued a “market perform” rating for the company. CIBC started coverage on shares of Mulesoft in a research report on Thursday, June 8th. They set a “market perform” rating for the company. Zacks Investment Research cut shares of Mulesoft from a “hold” rating to a “sell” rating in a research report on Tuesday. Bank of America Corporation started coverage on shares of Mulesoft in a research report on Tuesday, April 11th. They issued a “neutral” rating and a $27.00 target price for the company. Finally, William Blair reiterated an “outperform” rating on shares of Mulesoft in a research report on Tuesday, April 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $26.00.

In other news, major shareholder Brookside Capital Partners Fun sold 10,855 shares of the firm’s stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $23.85, for a total transaction of $258,891.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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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