Mark C. Burton Sells 6,573 Shares of Mulesoft Inc (NYSE:MULE) Stock

Mulesoft Inc (NYSE:MULE) Director Mark C. Burton sold 6,573 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $23.01, for a total value of $151,244.73. Following the transaction, the director now directly owns 6,573 shares of the company’s stock, valued at $151,244.73. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of Mulesoft Inc (NYSE MULE) opened at $23.03 on Monday. Mulesoft Inc has a 1 year low of $19.40 and a 1 year high of $29.00.

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

MULE has been the subject of a number of research analyst reports. Goldman Sachs Group upgraded Mulesoft from a “neutral” rating to a “buy” rating and increased their price target for the stock from $24.00 to $26.00 in a report on Monday, October 9th. Zacks Investment Research cut Mulesoft from a “hold” rating to a “sell” rating in a report on Saturday, November 4th. Canaccord Genuity raised Mulesoft from a “hold” rating to a “buy” rating and increased their price target for the company from $24.00 to $29.00 in a research report on Monday, October 23rd. BidaskClub downgraded Mulesoft from a “hold” rating to a “sell” rating in a research note on Saturday, September 23rd. Finally, Piper Jaffray Companies restated a “buy” rating on shares of Mulesoft in a research note on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $27.89.

Institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp bought a new position in Mulesoft during the 1st quarter valued at $589,000. Principal Financial Group Inc. bought a new stake in shares of Mulesoft during the 1st quarter worth $1,108,000. FMR LLC purchased a new stake in shares of Mulesoft in the first quarter valued at $9,576,000. California Public Employees Retirement System purchased a new stake in shares of Mulesoft in the first quarter valued at $243,000. Finally, Morgan Stanley purchased a new stake in shares of Mulesoft in the first quarter valued at $12,477,000. Institutional investors and hedge funds own 23.19% of the company’s stock.

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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.

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

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