Mulesoft Inc (MULE) Receives $28.25 Consensus Price Target from Brokerages
Shares of Mulesoft Inc (NYSE:MULE) have received a consensus recommendation of “Buy” from the fourteen research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $28.25.
A number of research firms recently commented on MULE. Canaccord Genuity upgraded shares of Mulesoft from a “hold” rating to a “buy” rating and raised their price objective for the company from $24.00 to $29.00 in a research note on Monday, October 23rd. Oppenheimer upgraded shares of Mulesoft from a “market perform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a research note on Wednesday, November 29th. Nomura began coverage on shares of Mulesoft in a research note on Tuesday, January 23rd. They set a “buy” rating and a $30.00 price objective on the stock. UBS Group upgraded shares of Mulesoft from a “market perform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a research note on Wednesday, November 29th. Finally, Zacks Investment Research lowered shares of Mulesoft from a “hold” rating to a “sell” rating in a research note on Saturday, November 4th.
In other Mulesoft news, SVP Robert Horton sold 51,470 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $22.84, for a total value of $1,175,574.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary Little sold 22,049 shares of the stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $25.02, for a total transaction of $551,665.98. The disclosure for this sale can be found here. Insiders sold a total of 374,046 shares of company stock valued at $8,571,073 in the last ninety days.
Shares of Mulesoft (MULE) traded up $0.26 during trading hours on Friday, hitting $25.42. 1,445,137 shares of the company’s stock traded hands, compared to its average volume of 1,134,495. Mulesoft has a 12 month low of $19.40 and a 12 month high of $29.00.
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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