Mint Tower Capital Management B.V. acquired a new position in shares of MuleSoft (NYSE:MULE) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,000 shares of the company’s stock, valued at approximately $440,000.

Other large investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its holdings in shares of MuleSoft by 618.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 156,463 shares of the company’s stock worth $3,638,000 after purchasing an additional 134,688 shares during the period. Virtu Financial LLC bought a new stake in MuleSoft in the fourth quarter valued at about $539,000. California State Teachers Retirement System increased its stake in MuleSoft by 44.5% in the third quarter. California State Teachers Retirement System now owns 38,736 shares of the company’s stock valued at $780,000 after acquiring an additional 11,936 shares during the period. Ardsley Advisory Partners bought a new stake in MuleSoft in the fourth quarter valued at about $465,000. Finally, Bank of New York Mellon Corp increased its stake in MuleSoft by 11.4% in the fourth quarter. Bank of New York Mellon Corp now owns 138,881 shares of the company’s stock valued at $3,230,000 after acquiring an additional 14,242 shares during the period. Institutional investors own 51.09% of the company’s stock.

Shares of MuleSoft opened at $44.57 on Friday, Marketbeat Ratings reports. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of -66.52 and a beta of -3.73. MuleSoft has a 1-year low of $19.40 and a 1-year high of $44.75.

MuleSoft (NYSE:MULE) last issued its quarterly earnings data on Thursday, February 15th. The company reported ($0.12) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.07. The firm had revenue of $88.70 million for the quarter, compared to analysts’ expectations of $83.56 million. MuleSoft had a negative net margin of 26.98% and a negative return on equity of 32.10%. The company’s quarterly revenue was up 60.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.10) earnings per share. sell-side analysts predict that MuleSoft will post -0.63 EPS for the current fiscal year.

MULE has been the topic of a number of analyst reports. Canaccord Genuity upped their target price on shares of MuleSoft from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Zacks Investment Research cut shares of MuleSoft from a “hold” rating to a “sell” rating in a research note on Saturday, February 17th. Jefferies Group cut shares of MuleSoft from a “buy” rating to a “hold” rating and set a $29.00 target price on the stock. in a research note on Wednesday, March 21st. Piper Jaffray reissued an “overweight” rating and issued a $33.00 target price on shares of MuleSoft in a research note on Friday, February 16th. Finally, JPMorgan Chase raised shares of MuleSoft from a “neutral” rating to an “overweight” rating and upped their target price for the company from $27.00 to $35.00 in a research note on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $33.33.

In other MuleSoft news, CFO Matt Langdon sold 46,520 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $31.17, for a total transaction of $1,450,028.40. Following the sale, the chief financial officer now directly owns 66,531 shares of the company’s stock, valued at $2,073,771.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark C. Burton sold 6,573 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $31.08, for a total transaction of $204,288.84. Following the sale, the director now directly owns 6,573 shares in the company, valued at $204,288.84. The disclosure for this sale can be found here. Insiders have sold 422,509 shares of company stock worth $13,124,730 over the last ninety days.

MuleSoft Profile

MuleSoft, Inc provides Anypoint Platform that allows customers to connect their applications, data, and devices in the United States, the United Kingdom, and internationally. Its platform also enables a self-serve infrastructure through discoverable building blocks or nodes that can be used and reused to compose applications.

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Institutional Ownership by Quarter for MuleSoft (NYSE:MULE)

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