Several analysts have recently updated their ratings and price targets for Mulesoft (NASDAQ: MULE):

  • 11/4/2017 – Mulesoft was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “MuleSoft, Inc. owns and operates Anypoint Platform, an integration solution for connecting applications, data sources, and devices, both on-premises and in the cloud. Its hybrid integration platform includes iPaaS, ESB and a unified solution for API management, design and publishing. MuleSoft, Inc. is headquartered in San Francisco, California. “
  • 10/27/2017 – Mulesoft had its price target raised by analysts at Barclays PLC from $24.00 to $28.00. They now have an “equal weight” rating on the stock.
  • 10/24/2017 – Mulesoft had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies.
  • 10/23/2017 – Mulesoft was upgraded by analysts at Canaccord Genuity from a “hold” rating to a “buy” rating. They now have a $29.00 price target on the stock, up previously from $24.00.
  • 10/11/2017 – Mulesoft was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 10/9/2017 – Mulesoft was upgraded by analysts at Goldman Sachs Group, Inc. (The) from a “neutral” rating to a “buy” rating. They now have a $26.00 price target on the stock, up previously from $24.00.
  • 9/28/2017 – Mulesoft was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “MuleSoft, Inc. owns and operates Anypoint Platform, an integration solution for connecting applications, data sources, and devices, both on-premises and in the cloud. Its hybrid integration platform includes iPaaS, ESB and a unified solution for API management, design and publishing. MuleSoft, Inc. is headquartered in San Francisco, California. “
  • 9/23/2017 – Mulesoft was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/18/2017 – Mulesoft had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
  • 9/8/2017 – Mulesoft was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “MuleSoft, Inc. owns and operates Anypoint Platform, an integration solution for connecting applications, data sources, and devices, both on-premises and in the cloud. Its hybrid integration platform includes iPaaS, ESB and a unified solution for API management, design and publishing. MuleSoft, Inc. is headquartered in San Francisco, California. “

Mulesoft Inc (NASDAQ:MULE) opened at $23.49 on Tuesday. Mulesoft Inc has a fifty-two week low of $19.40 and a fifty-two week high of $29.00.

Mulesoft (NASDAQ:MULE) last posted its quarterly earnings data on Thursday, October 26th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.04. The firm had revenue of $77.60 million for the quarter, compared to the consensus estimate of $71.52 million. Mulesoft had a negative net margin of 32.36% and a negative return on equity of 40.65%. Mulesoft’s quarterly revenue was up 57.1% compared to the same quarter last year.

In related news, major shareholder Ross Mason sold 125,000 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $23.27, for a total value of $2,908,750.00. Following the transaction, the insider now directly owns 125,000 shares of the company’s stock, valued at approximately $2,908,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Ventures Fund I. L.P. Sapphire sold 1,100,000 shares of the business’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $21.47, for a total transaction of $23,617,000.00. The disclosure for this sale can be found here. Insiders sold a total of 1,290,872 shares of company stock worth $28,075,059 over the last three months.

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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