Several other research firms have also issued reports on MULE. JPMorgan Chase & Co. upgraded shares of Mulesoft from a neutral rating to an overweight rating in a research report on Friday. Nomura began coverage on shares of Mulesoft in a research note on Tuesday, January 23rd. They issued a buy rating and a $30.00 price objective for the company. Barclays raised shares of Mulesoft from an equal weight rating to an overweight rating and raised their price objective for the stock from $28.00 to $29.00 in a research note on Monday, January 8th. Oppenheimer reaffirmed a buy rating and issued a $30.00 price objective on shares of Mulesoft in a research note on Wednesday, January 3rd. Finally, Zacks Investment Research lowered shares of Mulesoft from a hold rating to a sell rating in a research note on Saturday, November 4th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $29.40.
Mulesoft (NYSE:MULE) opened at $30.81 on Friday. The stock has a market cap of $4,000.00 and a P/E ratio of -38.04. Mulesoft has a 12-month low of $19.40 and a 12-month high of $31.00.
In other Mulesoft news, Director Gary Little sold 22,049 shares of Mulesoft stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $25.02, for a total transaction of $551,665.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Robert Horton sold 51,470 shares of Mulesoft stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $22.84, for a total transaction of $1,175,574.80. The disclosure for this sale can be found here. Insiders sold a total of 346,235 shares of company stock valued at $7,952,511 in the last ninety days.
Several large investors have recently modified their holdings of the business. Alkeon Capital Management LLC acquired a new stake in shares of Mulesoft during the 4th quarter valued at $465,000. Slow Capital Inc. acquired a new stake in shares of Mulesoft during the 4th quarter valued at $475,000. Sylebra HK Co Ltd boosted its stake in shares of Mulesoft by 314.5% during the 4th quarter. Sylebra HK Co Ltd now owns 4,589,312 shares of the company’s stock valued at $106,747,000 after buying an additional 3,482,183 shares during the period. MetLife Investment Advisors LLC acquired a new stake in shares of Mulesoft during the 4th quarter valued at $273,000. Finally, Macquarie Group Ltd. boosted its stake in shares of Mulesoft by 350.0% during the 4th quarter. Macquarie Group Ltd. now owns 5,400 shares of the company’s stock valued at $126,000 after buying an additional 4,200 shares during the period. 24.49% of the stock is owned by institutional investors.
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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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