Barclays upgraded shares of Mulesoft (NYSE:MULE) from an equal weight rating to an overweight rating in a research report sent to investors on Monday morning, Marketbeat.com reports. Barclays currently has $29.00 price target on the stock, up from their previous price target of $28.00.

Several other research analysts have also commented on the company. Goldman Sachs Group upgraded Mulesoft from a neutral rating to a buy rating and lifted their target price for the stock from $24.00 to $26.00 in a research report on Monday, October 9th. Zacks Investment Research lowered Mulesoft from a hold rating to a sell rating in a research report on Saturday, November 4th. Canaccord Genuity upgraded Mulesoft from a hold rating to a buy rating and lifted their target price for the stock from $24.00 to $29.00 in a research report on Monday, October 23rd. BidaskClub lowered Mulesoft from a hold rating to a sell rating in a research report on Saturday, September 23rd. Finally, Piper Jaffray Companies reiterated a buy rating on shares of Mulesoft in a research report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $28.00.

Shares of Mulesoft (NYSE MULE) traded down $0.25 on Monday, hitting $24.92. The stock had a trading volume of 987,001 shares, compared to its average volume of 1,347,700. The firm has a market cap of $3,240.00 and a price-to-earnings ratio of -34.61. Mulesoft has a one year low of $19.40 and a one year 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. research analysts anticipate that Mulesoft will post -0.64 earnings per share for the current fiscal year.

In related news, SVP Robert Horton sold 51,470 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $22.84, for a total transaction of $1,175,574.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gary Little sold 21,585 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $22.45, for a total value of $484,583.25. The disclosure for this sale can be found here. Insiders have sold a total of 799,487 shares of company stock valued at $18,445,801 in the last 90 days.

A number of institutional investors have recently made changes to their positions in MULE. Schwab Charles Investment Management Inc. bought a new stake in Mulesoft during the 2nd quarter valued at $629,000. Rhumbline Advisers bought a new stake in Mulesoft during the 2nd quarter valued at $415,000. Bank of New York Mellon Corp raised its stake in Mulesoft by 274.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 90,630 shares of the company’s stock valued at $2,261,000 after acquiring an additional 66,412 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Mulesoft by 62.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,214,225 shares of the company’s stock valued at $30,283,000 after acquiring an additional 465,595 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Mulesoft by 5,963.5% during the 2nd quarter. Wells Fargo & Company MN now owns 12,127 shares of the company’s stock valued at $302,000 after acquiring an additional 11,927 shares in the last quarter. 23.19% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Mulesoft (NYSE:MULE)

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