Mulesoft Inc (MULE) Receives Consensus Rating of “Hold” from Brokerages
Shares of Mulesoft Inc (NASDAQ:MULE) have earned an average recommendation of “Hold” from the twelve research firms that are currently covering the stock, MarketBeat reports. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $25.50.
A number of research analysts have commented on the stock. BidaskClub upgraded shares of Mulesoft from a “sell” rating to a “hold” rating in a research report on Wednesday. Goldman Sachs Group, Inc. (The) upgraded shares of Mulesoft from a “neutral” rating to a “buy” rating and increased their price target for the company from $24.00 to $26.00 in a research report on Monday. Zacks Investment Research upgraded shares of Mulesoft from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Mulesoft in a research report on Monday, September 18th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $27.00 price target on shares of Mulesoft in a research report on Monday, August 14th.
In other news, major shareholder Ventures Fund I. L.P. Sapphire sold 1,100,000 shares of the firm’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $21.47, for a total value of $23,617,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Institutional investors have recently modified their holdings of the company. Janus Capital Management LLC bought a new position in shares of Mulesoft in the first quarter worth approximately $4,126,000. Morgan Stanley bought a new position in shares of Mulesoft in the first quarter worth approximately $12,477,000. SG Americas Securities LLC bought a new position in shares of Mulesoft in the first quarter worth approximately $183,000. TCW Group Inc. bought a new position in shares of Mulesoft in the first quarter worth approximately $287,000. Finally, California Public Employees Retirement System bought a new position in shares of Mulesoft in the first quarter worth approximately $243,000.
Shares of Mulesoft (NASDAQ MULE) traded up 1.28% during midday trading on Friday, hitting $23.01. 1,158,917 shares of the company traded hands. The stock has a 50 day moving average of $21.04 and a 200-day moving average of $23.04. Mulesoft has a 52 week low of $19.40 and a 52 week high of $29.00. The stock’s market capitalization is $2.97 billion.
Mulesoft (NASDAQ:MULE) last issued its quarterly earnings results on Thursday, July 27th. The company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.01. Mulesoft had a negative net margin of 28.36% and a negative return on equity of 30.07%. The business had revenue of $69.20 million for the quarter, compared to analysts’ expectations of $63.63 million. The firm’s revenue was up 57.3% compared to the same quarter last year. Equities analysts forecast that Mulesoft will post ($0.39) earnings per share for the current fiscal year.
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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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