Mulesoft Inc (NYSE:MULE) insider Simon Parmett sold 61,453 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $22.85, for a total transaction of $1,404,201.05. Following the sale, the insider now owns 31,453 shares of the company’s stock, valued at approximately $718,701.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Simon Parmett also recently made the following trade(s):

  • On Friday, November 10th, Simon Parmett sold 30,000 shares of Mulesoft stock. The stock was sold at an average price of $23.45, for a total transaction of $703,500.00.
  • On Monday, November 13th, Simon Parmett sold 51,536 shares of Mulesoft stock. The stock was sold at an average price of $23.42, for a total transaction of $1,206,973.12.

Shares of Mulesoft Inc (NYSE:MULE) traded up $0.08 during trading hours on Friday, reaching $23.03. 2,504,482 shares of the company’s stock were exchanged, compared to its average volume of 1,389,495. Mulesoft Inc has a 12-month low of $19.40 and a 12-month high of $29.00.

Mulesoft (NYSE:MULE) last issued its earnings results on Thursday, October 26th. The company reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.04. The firm 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 company’s quarterly revenue was up 57.1% compared to the same quarter last year. sell-side analysts expect that Mulesoft Inc will post -0.64 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. Sylebra HK Co Ltd boosted its position in shares of 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. Whale Rock Capital Management LLC bought a new position in shares of Mulesoft in the third quarter valued at approximately $1,963,000. Janus Henderson Group PLC boosted its position in shares of Mulesoft by 73.3% in the third quarter. Janus Henderson Group PLC now owns 297,541 shares of the company’s stock valued at $5,992,000 after acquiring an additional 125,889 shares during the period. Jane Street Group LLC boosted its position in shares of Mulesoft by 38.4% in the third quarter. Jane Street Group LLC now owns 37,790 shares of the company’s stock valued at $761,000 after acquiring an additional 10,490 shares during the period. Finally, Engineers Gate Manager LP bought a new position in shares of Mulesoft in the third quarter valued at approximately $1,634,000. Institutional investors own 23.19% of the company’s stock.

A number of analysts recently issued reports on the stock. Oppenheimer upgraded shares of Mulesoft from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a report on Wednesday. UBS upgraded shares of Mulesoft from a “market perform” rating to an “outperform” rating and set a $30.00 target price for the company in a research report on Wednesday. BidaskClub lowered shares of Mulesoft from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. Zacks Investment Research lowered shares of Mulesoft from a “hold” rating to a “sell” rating in a research report on Saturday, November 4th. Finally, Barclays increased 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 assigned a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $27.89.

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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.

Insider Buying and Selling by Quarter for Mulesoft (NYSE:MULE)

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