Mulesoft (MULE) Price Target Increased to $31.00 by Analysts at Barclays
Mulesoft (NYSE:MULE) had its price target increased by Barclays from $29.00 to $31.00 in a report published on Friday morning, Marketbeat reports. The brokerage currently has an overweight rating on the stock.
A number of other research analysts have also weighed in on MULE. Piper Jaffray Companies reissued an overweight rating and set a $33.00 price target on shares of Mulesoft in a research note on Friday. Canaccord Genuity upped their price objective on Mulesoft from $30.00 to $33.00 and gave the stock a buy rating in a report on Friday. JPMorgan Chase & Co. upgraded Mulesoft from a neutral rating to an overweight rating in a report on Friday. BidaskClub downgraded Mulesoft from a hold rating to a sell rating in a report on Friday, November 10th. Finally, Nomura began coverage on Mulesoft in a report on Tuesday, January 23rd. They set a buy rating and a $30.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $29.40.
Mulesoft (NYSE:MULE) opened at $30.81 on Friday. Mulesoft has a 52 week low of $19.40 and a 52 week high of $31.00. The firm has a market capitalization of $4,004.10 and a price-to-earnings ratio of -38.51.
In related news, major shareholder Mitchell Kertzman sold 70,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $23.00, for a total value of $1,610,000.00. Following the completion of the sale, the insider now directly owns 71,982 shares in the company, valued at approximately $1,655,586. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Gary Little sold 22,049 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $25.02, for a total value of $551,665.98. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 352,808 shares of company stock valued at $8,103,624.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Lord Abbett & CO. LLC increased its holdings in Mulesoft by 53.6% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,202,994 shares of the company’s stock valued at $30,003,000 after purchasing an additional 420,025 shares in the last quarter. Whale Rock Capital Management LLC acquired a new stake in Mulesoft in the 3rd quarter valued at $1,963,000. New York State Common Retirement Fund increased its holdings in Mulesoft by 14.6% in the 3rd quarter. New York State Common Retirement Fund now owns 33,882 shares of the company’s stock valued at $682,000 after purchasing an additional 4,320 shares in the last quarter. American International Group Inc. increased its holdings in Mulesoft by 73.1% in the 3rd quarter. American International Group Inc. now owns 16,220 shares of the company’s stock valued at $327,000 after purchasing an additional 6,849 shares in the last quarter. Finally, Nicholas Investment Partners LP increased its holdings in Mulesoft by 36.0% in the 3rd quarter. Nicholas Investment Partners LP now owns 201,222 shares of the company’s stock valued at $4,053,000 after purchasing an additional 53,305 shares in the last quarter. Hedge funds and other institutional investors own 24.45% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Mulesoft (MULE) Price Target Increased to $31.00 by Analysts at Barclays” was first published by Watch List News and is the property of of Watch List News. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://www.watchlistnews.com/mulesoft-mule-price-target-increased-to-31-00-by-analysts-at-barclays/1875289.html.
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.
Receive News & Ratings for Mulesoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mulesoft and related companies with MarketBeat.com's FREE daily email newsletter.