Wells Fargo & Company MN lifted its position in shares of Mulesoft Inc (NYSE:MULE) by 61.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,527 shares of the company’s stock after buying an additional 7,400 shares during the quarter. Wells Fargo & Company MN’s holdings in Mulesoft were worth $394,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Cubist Systematic Strategies LLC grew its holdings in Mulesoft by 10,031.0% in the second quarter. Cubist Systematic Strategies LLC now owns 10,131 shares of the company’s stock valued at $253,000 after purchasing an additional 10,031 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in Mulesoft in the second quarter valued at approximately $293,000. Virtu KCG Holdings LLC grew its holdings in Mulesoft by 18.7% in the second quarter. Virtu KCG Holdings LLC now owns 12,782 shares of the company’s stock valued at $319,000 after purchasing an additional 2,013 shares during the period. OxFORD Asset Management LLP purchased a new stake in Mulesoft in the second quarter valued at approximately $337,000. Finally, Nationwide Fund Advisors grew its holdings in Mulesoft by 144.2% in the second quarter. Nationwide Fund Advisors now owns 14,649 shares of the company’s stock valued at $365,000 after purchasing an additional 8,649 shares during the period. Institutional investors and hedge funds own 23.75% of the company’s stock.

In other news, insider Simon Parmett sold 30,000 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $23.45, for a total transaction of $703,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Gregory George Schott sold 80,111 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $23.37, for a total transaction of $1,872,194.07. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 652,490 shares of company stock valued at $15,067,815.

Shares of Mulesoft Inc (NYSE:MULE) opened at $24.26 on Friday. Mulesoft Inc has a 52 week low of $19.40 and a 52 week high of $29.00.

A number of equities research analysts recently issued reports on MULE shares. Goldman Sachs Group upgraded shares of Mulesoft from a “neutral” rating to a “buy” rating and boosted their target price for the company from $24.00 to $26.00 in a report on Monday, October 9th. Barclays upgraded shares of Mulesoft from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $28.00 to $29.00 in a report on Monday, January 8th. BidaskClub downgraded shares of Mulesoft from a “hold” rating to a “sell” rating in a report on Friday, November 10th. Zacks Investment Research downgraded shares of Mulesoft from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Finally, Piper Jaffray Companies restated a “buy” rating on shares of Mulesoft in a report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $28.20.

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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.

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Institutional Ownership by Quarter for Mulesoft (NYSE:MULE)

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