81,155 Shares in Mulesoft Inc (MULE) Purchased by Engineers Gate Manager LP
Engineers Gate Manager LP purchased a new position in shares of Mulesoft Inc (NYSE:MULE) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 81,155 shares of the company’s stock, valued at approximately $1,634,000. Engineers Gate Manager LP owned about 0.06% of Mulesoft at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. AO Asset Management LLC grew its holdings in shares of Mulesoft by 2.0% during the second quarter. AO Asset Management LLC now owns 5,100 shares of the company’s stock worth $127,000 after purchasing an additional 100 shares during the last quarter. Strs Ohio grew its holdings in shares of Mulesoft by 88.0% during the second quarter. Strs Ohio now owns 9,400 shares of the company’s stock worth $234,000 after purchasing an additional 4,400 shares during the last quarter. California Public Employees Retirement System bought a new stake in shares of Mulesoft during the first quarter worth about $243,000. Cubist Systematic Strategies LLC grew its holdings in shares of Mulesoft by 10,031.0% during the second quarter. Cubist Systematic Strategies LLC now owns 10,131 shares of the company’s stock worth $253,000 after purchasing an additional 10,031 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Mulesoft during the second quarter worth about $293,000. Institutional investors own 23.20% of the company’s stock.
Mulesoft Inc (MULE) traded up $0.37 during trading on Monday, hitting $21.86. The company had a trading volume of 991,867 shares, compared to its average volume of 942,216. Mulesoft Inc has a one year low of $19.40 and a one year high of $29.00.
Mulesoft (NYSE:MULE) last issued its quarterly earnings results on Thursday, October 26th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating 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 firm had revenue of $77.60 million for the quarter, compared to analyst estimates of $71.52 million. Mulesoft’s revenue for the quarter was up 57.1% on a year-over-year basis. analysts predict that Mulesoft Inc will post -0.64 EPS for the current year.
In other news, major shareholder Ross Mason sold 125,000 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $23.27, for a total transaction of $2,908,750.00. Following the transaction, the insider now directly owns 125,000 shares of the company’s stock, valued at $2,908,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Ventures Fund I. L.P. Sapphire sold 1,100,000 shares of the company’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Over the last three months, insiders sold 1,877,902 shares of company stock worth $41,578,218.
Several research firms have recently weighed in on MULE. Oppenheimer upgraded Mulesoft from a “market perform” rating to an “outperform” rating and set a $30.00 price target on the stock in a report on Wednesday, November 29th. UBS upgraded Mulesoft from a “market perform” rating to an “outperform” rating and set a $30.00 price target on the stock in a report on Wednesday, November 29th. BidaskClub lowered Mulesoft from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Zacks Investment Research lowered Mulesoft from a “hold” rating to a “sell” rating in a research note on Saturday, November 4th. Finally, Barclays lifted their price objective on Mulesoft from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, October 27th. Two 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 stock. The stock has an average rating of “Hold” and a consensus price target of $27.89.
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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