Mulesoft Inc (NYSE:MULE) Director Mark C. Burton sold 13,146 shares of Mulesoft stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $31.11, for a total transaction of $408,972.06. Following the completion of the sale, the director now directly owns 6,573 shares in the company, valued at approximately $204,486.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Mulesoft Inc (MULE) traded down $0.42 during midday trading on Thursday, hitting $30.28. 2,379,460 shares of the stock traded hands, compared to its average volume of 1,794,654. Mulesoft Inc has a one year low of $19.40 and a one year high of $32.07. The company has a market capitalization of $3,990.00 and a price-to-earnings ratio of -37.38.
Mulesoft (NYSE:MULE) last posted its quarterly earnings results on Thursday, February 15th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.07. Mulesoft had a negative net margin of 26.98% and a negative return on equity of 31.42%. The company had revenue of $88.70 million for the quarter, compared to analyst estimates of $83.56 million. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. The company’s quarterly revenue was up 60.1% compared to the same quarter last year. analysts forecast that Mulesoft Inc will post -0.65 earnings per share for the current year.
Several brokerages have commented on MULE. JPMorgan Chase & Co. raised shares of Mulesoft from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $27.00 to $35.00 in a research report on Friday, February 16th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $33.00 price objective on shares of Mulesoft in a research report on Friday, February 16th. Oppenheimer raised shares of Mulesoft from a “market perform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a research report on Wednesday, November 29th. Barclays lifted their price objective on shares of Mulesoft from $29.00 to $31.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. Finally, Nomura began coverage on shares of Mulesoft in a research report on Tuesday, January 23rd. They issued a “buy” rating and a $30.00 price objective on the stock. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $30.40.
Mulesoft Company 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.
Receive News & Ratings for Mulesoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mulesoft and related companies with MarketBeat.com's FREE daily email newsletter.