Somewhat Critical News Coverage Somewhat Unlikely to Affect Mulesoft (MULE) Stock Price
Headlines about Mulesoft (NYSE:MULE) have trended somewhat negative this week, according to Accern Sentiment. The research firm scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Mulesoft earned a news impact score of -0.01 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.3288127694561 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Several brokerages recently commented on MULE. BidaskClub downgraded Mulesoft from a “hold” rating to a “sell” rating in a report on Friday, November 10th. Zacks Investment Research downgraded Mulesoft from a “hold” rating to a “sell” rating in a report on Saturday, November 4th. Barclays PLC raised their target price on Mulesoft from $24.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, October 27th. Piper Jaffray Companies reiterated a “buy” rating on shares of Mulesoft in a report on Tuesday, October 24th. Finally, Canaccord Genuity upgraded Mulesoft from a “hold” rating to a “buy” rating and raised their target price for the company from $24.00 to $29.00 in a report on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $27.29.
Mulesoft (NYSE MULE) traded up $0.19 during mid-day trading on Thursday, reaching $22.33. The company’s stock had a trading volume of 2,347,159 shares, compared to its average volume of 862,051. Mulesoft has a 52 week low of $19.40 and a 52 week high of $29.00.
Mulesoft (NYSE:MULE) last issued its earnings results on Thursday, October 26th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.04. The company had revenue of $77.60 million during the quarter, compared to analyst estimates of $71.52 million. Mulesoft had a negative return on equity of 49.63% and a negative net margin of 25.84%. The company’s revenue was up 57.1% on a year-over-year basis. equities analysts anticipate that Mulesoft will post -0.64 earnings per share for the current fiscal year.
In other news, major shareholder Ventures Fund I. L.P. Sapphire sold 1,100,000 shares of Mulesoft stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $21.47, for a total value of $23,617,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Ross Mason sold 125,000 shares of Mulesoft stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $23.27, for a total value of $2,908,750.00. Following the completion of the transaction, the insider now owns 125,000 shares of the company’s stock, valued at approximately $2,908,750. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,569,316 shares of company stock valued at $34,571,802.
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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