Several brokerages have updated their recommendations and price targets on shares of Mulesoft (NYSE: MULE) in the last few weeks:

  • 3/21/2018 – Mulesoft was downgraded by analysts at Nomura from a “buy” rating to a “neutral” rating. They now have a $45.00 price target on the stock, up previously from $30.00.
  • 3/21/2018 – Mulesoft had its “neutral” rating reaffirmed by analysts at Instinet.
  • 3/21/2018 – Mulesoft was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $35.00 price target on the stock.
  • 3/21/2018 – Mulesoft was downgraded by analysts at William Blair from an “outperform” rating to a “market perform” rating.
  • 3/21/2018 – Mulesoft was downgraded by analysts at Jefferies Group LLC from a “buy” rating to a “hold” rating. They now have a $29.00 price target on the stock.
  • 3/21/2018 – Mulesoft was downgraded by analysts at Canaccord Genuity from a “buy” rating to a “hold” rating. They now have a $33.00 price target on the stock.
  • 3/6/2018 – Mulesoft had its price target raised by analysts at Oppenheimer Holdings Inc. from $32.00 to $38.00. They now have an “outperform” rating on the stock.
  • 2/17/2018 – 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. “
  • 2/16/2018 – Mulesoft had its price target raised by analysts at Barclays from $29.00 to $31.00. They now have an “overweight” rating on the stock.
  • 2/16/2018 – Mulesoft had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $33.00 price target on the stock.
  • 2/16/2018 – Mulesoft was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $35.00 price target on the stock, up previously from $27.00.
  • 2/16/2018 – Mulesoft had its price target raised by analysts at Canaccord Genuity from $30.00 to $33.00. They now have a “buy” rating on the stock.
  • 1/23/2018 – Mulesoft is now covered by analysts at Nomura. They set a “buy” rating and a $30.00 price target on the stock.

Mulesoft stock traded down $0.12 during midday trading on Thursday, reaching $44.12. The company had a trading volume of 7,359,489 shares, compared to its average volume of 2,913,052. Mulesoft Inc has a 1 year low of $19.40 and a 1 year high of $44.58. The stock has a market capitalization of $5,523.00 and a P/E ratio of -55.15.

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Mulesoft (NYSE:MULE) last released its quarterly earnings data on Thursday, February 15th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.07. The company had revenue of $88.70 million for the quarter, compared to the consensus estimate of $83.56 million. Mulesoft had a negative return on equity of 32.10% and a negative net margin of 26.98%. The company’s quarterly revenue was up 60.1% compared to the same quarter last year. During the same period last year, the business posted ($0.10) EPS. research analysts forecast that Mulesoft Inc will post -0.63 EPS for the current fiscal year.

In other news, insider Mark Dao sold 37,500 shares of the stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $34.08, for a total value of $1,278,000.00. Following the completion of the sale, the insider now owns 38,970 shares in the company, valued at $1,328,097.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Simon Parmett sold 60,000 shares of the stock in a transaction dated 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. In the last quarter, insiders sold 457,614 shares of company stock valued at $13,814,363.

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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