11,769 Shares in Mulesoft Inc (MULE) Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new stake in Mulesoft Inc (NYSE:MULE) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,769 shares of the company’s stock, valued at approximately $293,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MULE. California Public Employees Retirement System purchased a new stake in Mulesoft in the first quarter valued at approximately $243,000. Cipher Capital LP purchased a new stake in Mulesoft in the second quarter valued at approximately $693,000. JPMorgan Chase & Co. lifted its stake in Mulesoft by 62.2% in the second quarter. JPMorgan Chase & Co. now owns 1,214,225 shares of the company’s stock valued at $30,283,000 after buying an additional 465,595 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Mulesoft by 125.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 50,782 shares of the company’s stock valued at $1,267,000 after buying an additional 28,282 shares during the last quarter. Finally, Jennison Associates LLC lifted its stake in Mulesoft by 3.8% in the second quarter. Jennison Associates LLC now owns 562,923 shares of the company’s stock valued at $14,039,000 after buying an additional 20,823 shares during the last quarter. 23.19% of the stock is owned by hedge funds and other institutional investors.

Mulesoft Inc (NYSE MULE) traded down $1.11 during trading hours on Tuesday, reaching $21.92. The company’s stock had a trading volume of 1,958,900 shares, compared to its average volume of 925,872. 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 data on Thursday, October 26th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 return on equity of 49.63% and a negative net margin of 25.84%. The company’s revenue was up 57.1% compared to the same quarter last year. equities analysts expect that Mulesoft Inc will post -0.64 EPS for the current fiscal year.

A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Mulesoft from a “sell” rating to a “hold” rating in a research note on Friday, September 8th. Oppenheimer upgraded Mulesoft from a “market perform” rating to an “outperform” rating and set a $30.00 price target for the company in a research note on Wednesday, November 29th. Canaccord Genuity upgraded Mulesoft from a “hold” rating to a “buy” rating and upped their price target for the stock from $24.00 to $29.00 in a research note on Monday, October 23rd. BidaskClub upgraded Mulesoft from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, UBS upgraded Mulesoft from a “market perform” rating to an “outperform” rating and set a $30.00 price target for the company in a research note on Wednesday, November 29th. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $27.89.

In other Mulesoft news, major shareholder Ventures Fund I. L.P. Sapphire sold 1,100,000 shares of the company’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $21.47, for a total value of $23,617,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Robert Horton sold 51,470 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $22.84, for a total value of $1,175,574.80. The disclosure for this sale can be found here. Insiders sold 1,845,407 shares of company stock valued at $40,877,301 in the last quarter.

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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.

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Institutional Ownership by Quarter for Mulesoft (NYSE:MULE)

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