JPMorgan Chase & Co. increased its stake in shares of Mulesoft Inc (NYSE:MULE) by 35.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,641,178 shares of the company’s stock after purchasing an additional 426,953 shares during the period. JPMorgan Chase & Co. owned 1.26% of Mulesoft worth $33,265,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bain Capital Public Equity Management LLC grew its stake in Mulesoft by 87.4% during the 2nd quarter. Bain Capital Public Equity Management LLC now owns 1,317,471 shares of the company’s stock valued at $32,858,000 after acquiring an additional 614,389 shares in the last quarter. Vanguard Group Inc. grew its stake in Mulesoft by 5,501.7% during the 2nd quarter. Vanguard Group Inc. now owns 1,260,372 shares of the company’s stock valued at $31,434,000 after acquiring an additional 1,237,872 shares in the last quarter. Lord Abbett & CO. LLC grew its stake in Mulesoft by 53.6% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,202,994 shares of the company’s stock valued at $30,003,000 after acquiring an additional 420,025 shares in the last quarter. Jennison Associates LLC grew its stake in Mulesoft by 78.9% during the 3rd quarter. Jennison Associates LLC now owns 1,007,185 shares of the company’s stock valued at $20,285,000 after acquiring an additional 444,262 shares in the last quarter. Finally, Baillie Gifford & Co. purchased a new stake in Mulesoft during the 3rd quarter valued at about $12,166,000. Hedge funds and other institutional investors own 23.20% of the company’s stock.

Mulesoft Inc (NYSE MULE) traded up $0.16 during trading on Wednesday, hitting $22.15. 2,103,900 shares of the stock traded hands, compared to its average volume of 951,867. Mulesoft Inc has a twelve month low of $19.40 and a twelve month high of $29.00.

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

In other news, major shareholder Winblad Venture Partner Hummer sold 65,872 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $23.52, for a total value of $1,549,309.44. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Mark C. Burton sold 6,573 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $23.01, for a total transaction of $151,244.73. Following the completion of the transaction, the director now owns 6,573 shares in the company, valued at $151,244.73. The disclosure for this sale can be found here. In the last three months, insiders sold 1,877,902 shares of company stock valued at $41,578,218.

Several brokerages recently issued reports on MULE. Barclays upped their price objective on shares of Mulesoft from $24.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, October 27th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Mulesoft in a research note on Tuesday, October 24th. Zacks Investment Research cut shares of Mulesoft from a “hold” rating to a “sell” rating in a research note on Saturday, November 4th. BidaskClub cut shares of Mulesoft from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Finally, Canaccord Genuity raised shares of Mulesoft from a “hold” rating to a “buy” rating and increased their price target for the company from $24.00 to $29.00 in a research note on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus 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.

Institutional Ownership by Quarter for Mulesoft (NYSE:MULE)

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