MuleSoft (MULE) Earning Somewhat Favorable News Coverage, Study Finds

Press coverage about MuleSoft (NYSE:MULE) has trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. MuleSoft earned a daily sentiment score of 0.03 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.4636719609228 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:

Shares of MULE stock opened at $44.57 on Friday. MuleSoft has a 52-week low of $19.40 and a 52-week high of $44.75. The company has a market cap of $5.86 billion, a P/E ratio of -66.52 and a beta of -3.73.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research lowered MuleSoft from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 19th. ValuEngine raised MuleSoft from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Nomura lowered MuleSoft from a “buy” rating to a “neutral” rating and raised their price target for the stock from $30.00 to $45.00 in a research note on Wednesday, March 21st. Jefferies Group lowered MuleSoft from a “buy” rating to a “hold” rating and set a $29.00 price target for the company. in a research note on Wednesday, March 21st. Finally, Barclays lowered MuleSoft from an “overweight” rating to an “equal weight” rating in a research note on Thursday, April 12th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $33.33.

In other MuleSoft news, Director Ann L. Winblad sold 8,770 shares of MuleSoft stock in a transaction on Tuesday, April 17th. The stock was sold at an average price of $44.52, for a total transaction of $390,440.40. Following the completion of the sale, the director now directly owns 351,158 shares of the company’s stock, valued at approximately $15,633,554.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Simon Parmett sold 60,000 shares of MuleSoft stock in a transaction on Monday, February 26th. The shares were sold at an average price of $30.45, for a total value of $1,827,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 262,843 shares of company stock valued at $8,214,729 over the last three months.

About MuleSoft

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.

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

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.

Leave a Reply