Mulesoft Inc (MULE) Insider Sells $1,206,973.12 in Stock

Mulesoft Inc (NASDAQ:MULE) insider Simon Parmett sold 51,536 shares of Mulesoft stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $23.42, for a total transaction of $1,206,973.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Simon Parmett also recently made the following trade(s):

  • On Friday, November 10th, Simon Parmett sold 30,000 shares of Mulesoft stock. The stock was sold at an average price of $23.45, for a total transaction of $703,500.00.

Mulesoft Inc (NASDAQ:MULE) traded down $0.41 during mid-day trading on Tuesday, hitting $22.99. 1,856,985 shares of the company traded hands, compared to its average volume of 1,310,000. Mulesoft Inc has a twelve month low of $19.40 and a twelve month high of $29.00.

Mulesoft (NASDAQ:MULE) last posted its earnings results on Thursday, October 26th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.04. The firm had revenue of $77.60 million during the quarter, compared to analysts’ expectations of $71.52 million. Mulesoft had a negative net margin of 32.36% and a negative return on equity of 40.65%. The firm’s revenue for the quarter was up 57.1% compared to the same quarter last year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. AO Asset Management LLC lifted its stake in 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 acquiring an additional 100 shares during the last quarter. Virtu KCG Holdings LLC lifted its stake 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 acquiring an additional 2,013 shares during the last quarter. New York State Common Retirement Fund lifted its stake in Mulesoft by 12.2% in the second quarter. New York State Common Retirement Fund now owns 29,562 shares of the company’s stock valued at $737,000 after acquiring an additional 3,211 shares during the last quarter. Strs Ohio lifted its stake in 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 acquiring an additional 4,400 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Mulesoft by 61.4% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 14,523 shares of the company’s stock valued at $362,000 after purchasing an additional 5,523 shares during the period.

Several brokerages have commented on MULE. Barclays PLC raised their target price on shares of Mulesoft from $24.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, October 27th. Piper Jaffray Companies reiterated a “buy” rating on shares of Mulesoft in a report on Tuesday, October 24th. Zacks Investment Research cut shares of Mulesoft from a “hold” rating to a “sell” rating in a report on Saturday, November 4th. BidaskClub cut shares of Mulesoft from a “hold” rating to a “sell” rating in a report on Friday. Finally, Canaccord Genuity upgraded shares of Mulesoft from a “hold” rating to a “buy” rating and raised their target price for the stock from $24.00 to $29.00 in a report on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $27.29.

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.

Insider Buying and Selling by Quarter for Mulesoft (NASDAQ:MULE)

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