Pier Capital LLC acquired a new position in Mulesoft Inc (NYSE:MULE) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 250,979 shares of the company’s stock, valued at approximately $5,055,000. Pier Capital LLC owned approximately 0.19% of Mulesoft as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. raised its stake in shares of Mulesoft by 193.0% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 73,842 shares of the company’s stock worth $1,488,000 after buying an additional 48,642 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Mulesoft by 61.0% in the 3rd quarter. Wells Fargo & Company MN now owns 19,527 shares of the company’s stock worth $394,000 after buying an additional 7,400 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Mulesoft by 35.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,641,178 shares of the company’s stock worth $33,265,000 after buying an additional 426,953 shares in the last quarter. American International Group Inc. raised its stake in shares of Mulesoft by 73.1% in the 3rd quarter. American International Group Inc. now owns 16,220 shares of the company’s stock worth $327,000 after buying an additional 6,849 shares in the last quarter. Finally, Regis Management CO LLC bought a new stake in shares of Mulesoft in the 3rd quarter worth $330,000. 23.19% of the stock is currently owned by institutional investors.

Shares of Mulesoft Inc (NYSE:MULE) traded down $1.11 during mid-day trading on Tuesday, hitting $21.92. The stock had a trading volume of 1,958,900 shares, compared to its average volume of 925,872. Mulesoft Inc has a twelve month low of $19.40 and a twelve month high of $29.00.

Mulesoft (NYSE:MULE) last issued its quarterly earnings results on Thursday, October 26th. The company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.04. Mulesoft had a negative return on equity of 49.63% and a negative net margin of 25.84%. The business had revenue of $77.60 million for the quarter, compared to the consensus estimate of $71.52 million. The company’s quarterly revenue was up 57.1% compared to the same quarter last year. analysts expect that Mulesoft Inc will post -0.64 EPS for the current fiscal year.

In other Mulesoft news, major shareholder Ross Mason sold 125,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 125,000 shares in the company, valued at $2,908,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Ventures Fund I. L.P. Sapphire sold 1,100,000 shares of the business’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $21.47, for a total value of $23,617,000.00. The disclosure for this sale can be found here. Insiders have sold 1,845,407 shares of company stock worth $40,877,301 in the last quarter.

A number of analysts have recently commented on the company. Oppenheimer raised Mulesoft from a “market perform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a research note on Wednesday, November 29th. UBS raised Mulesoft from a “market perform” rating to an “outperform” rating and set a $30.00 target price on the stock in a research report on Wednesday, November 29th. BidaskClub lowered Mulesoft from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. Zacks Investment Research lowered Mulesoft from a “hold” rating to a “sell” rating in a research report on Saturday, November 4th. Finally, Barclays boosted their target price on 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 assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $27.89.

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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.

Institutional Ownership by Quarter for Mulesoft (NYSE:MULE)

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