MuleSoft (MULE) Sets New 12-Month High and Low at $44.63

MuleSoft (NYSE:MULE)’s share price hit a new 52-week high and low during trading on Tuesday . The company traded as low as $44.63 and last traded at $44.56, with a volume of 2476082 shares traded. The stock had previously closed at $44.32.

A number of equities analysts have commented on MULE shares. Zacks Investment Research downgraded shares of MuleSoft from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Barclays upgraded shares of MuleSoft from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $28.00 to $29.00 in a research report on Monday, January 8th. Oppenheimer restated a “buy” rating and set a $30.00 price objective on shares of MuleSoft in a research report on Wednesday, January 3rd. Nomura started coverage on shares of MuleSoft in a research report on Tuesday, January 23rd. They set a “buy” rating and a $30.00 price objective for the company. Finally, JPMorgan Chase upgraded shares of MuleSoft from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $27.00 to $35.00 in a research report on Friday, February 16th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $33.33.

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The firm has a market cap of $5,859.64 and a PE ratio of -66.75.

MuleSoft (NYSE:MULE) last announced its quarterly earnings results on Thursday, February 15th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.07. The business had revenue of $88.70 million during the quarter, compared to the consensus estimate of $83.56 million. MuleSoft had a negative net margin of 26.98% and a negative return on equity of 32.10%. The business’s revenue was up 60.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.10) EPS. research analysts predict that MuleSoft will post -0.63 earnings per share for the current year.

In related news, insider Simon Parmett sold 60,000 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $30.45, for a total value of $1,827,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gary Little sold 22,049 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $25.02, for a total transaction of $551,665.98. The disclosure for this sale can be found here. Insiders sold a total of 435,788 shares of company stock valued at $13,285,955 in the last quarter.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Macquarie Group Ltd. grew its stake in MuleSoft by 350.0% in the 4th quarter. Macquarie Group Ltd. now owns 5,400 shares of the company’s stock valued at $126,000 after acquiring an additional 4,200 shares during the last quarter. New York State Common Retirement Fund grew its stake in MuleSoft by 14.6% in the 3rd quarter. New York State Common Retirement Fund now owns 33,882 shares of the company’s stock valued at $682,000 after acquiring an additional 4,320 shares during the last quarter. Bank of Montreal Can grew its stake in MuleSoft by 71,250.0% in the 4th quarter. Bank of Montreal Can now owns 5,708 shares of the company’s stock valued at $133,000 after acquiring an additional 5,700 shares during the last quarter. American International Group Inc. grew its stake in MuleSoft by 73.1% in the 3rd quarter. American International Group Inc. now owns 16,220 shares of the company’s stock valued at $327,000 after acquiring an additional 6,849 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in MuleSoft by 61.0% in the 3rd quarter. Wells Fargo & Company MN now owns 19,527 shares of the company’s stock valued at $394,000 after acquiring an additional 7,400 shares during the last quarter. 51.06% of the stock is currently owned by hedge funds and other institutional investors.

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MuleSoft Company Profile

MuleSoft, Inc provides Anypoint Platform that allows customers to connect their applications, data, and devices in the United States, the United Kingdom, and internationally. Its platform also enables a self-serve infrastructure through discoverable building blocks or nodes that can be used and reused to compose applications.

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