Rhumbline Advisers Increases Holdings in Mulesoft Inc (MULE)

Rhumbline Advisers boosted its stake in Mulesoft Inc (NYSE:MULE) by 36.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,647 shares of the company’s stock after acquiring an additional 6,022 shares during the period. Rhumbline Advisers’ holdings in Mulesoft were worth $456,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. AO Asset Management LLC raised its position in shares of Mulesoft by 2.0% in the second quarter. AO Asset Management LLC now owns 5,100 shares of the company’s stock valued at $127,000 after purchasing an additional 100 shares during the period. Strs Ohio raised its position in shares of Mulesoft by 88.0% in the second quarter. Strs Ohio now owns 9,400 shares of the company’s stock valued at $234,000 after purchasing an additional 4,400 shares during the period. California Public Employees Retirement System bought a new stake in shares of Mulesoft in the first quarter valued at approximately $243,000. Cubist Systematic Strategies LLC raised its position in shares of 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. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Mulesoft in the second quarter valued at approximately $293,000. 23.20% of the stock is currently owned by institutional investors and hedge funds.

Shares of Mulesoft Inc (NYSE MULE) traded up $0.32 during trading hours on Friday, reaching $23.32. 3,490,900 shares of the company traded hands, compared to its average volume of 970,844. Mulesoft Inc has a 12 month low of $19.40 and a 12 month high of $29.00.

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

In related news, major shareholder Ventures Fund I. L.P. Sapphire sold 1,100,000 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $21.47, for a total transaction of $23,617,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory George Schott sold 80,111 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were 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. In the last ninety days, insiders have sold 1,877,902 shares of company stock valued at $41,578,218.

MULE has been the topic of several research reports. Goldman Sachs Group raised shares of Mulesoft from a “neutral” rating to a “buy” rating and boosted their price target for the company from $24.00 to $26.00 in a research report on Monday, October 9th. Oppenheimer raised shares of Mulesoft from a “market perform” rating to an “outperform” rating and set a $30.00 price target on the stock in a research report on Wednesday, November 29th. Zacks Investment Research raised shares of Mulesoft from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub lowered shares of Mulesoft from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. Finally, Barclays boosted their price target on shares of Mulesoft from $24.00 to $28.00 and gave the company 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 issued a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $27.89.

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Mulesoft 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.

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Institutional Ownership by Quarter for Mulesoft (NYSE:MULE)

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