Somewhat Positive Media Coverage Somewhat Unlikely to Impact Mulesoft (MULE) Share Price
Headlines about Mulesoft (NYSE:MULE) have been trending somewhat positive this week, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Mulesoft earned a media sentiment score of 0.00 on Accern’s scale. Accern also gave news coverage about the company an impact score of 44.8681291549714 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Analyzing Mulesoft (MULE) and The Competition (americanbankingnews.com)
- ETFs with exposure to MuleSoft, Inc. : November 20, 2017 (finance.yahoo.com)
- Gary Little Sells 21,238 Shares of Mulesoft Inc. (MULE) Stock (americanbankingnews.com)
- Insider Selling: Mulesoft Inc. (MULE) Director Sells 6,573 Shares of Stock (americanbankingnews.com)
- Mulesoft Inc. (MULE) Major Shareholder Winblad Venture Partner Hummer Sells 46,110 Shares (americanbankingnews.com)
Mulesoft (NYSE:MULE) traded up $0.41 during trading hours on Tuesday, hitting $23.01. The company’s stock had a trading volume of 3,195,887 shares, compared to its average volume of 883,579. Mulesoft has a 52-week low of $19.40 and a 52-week high of $29.00.
Mulesoft (NYSE:MULE) last issued its earnings results on Thursday, October 26th. The company reported ($0.13) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.04. Mulesoft had a negative return on equity of 49.63% and a negative net margin of 25.84%. The company had revenue of $77.60 million during the quarter, compared to the consensus estimate of $71.52 million. Mulesoft’s quarterly revenue was up 57.1% compared to the same quarter last year. sell-side analysts forecast that Mulesoft will post -0.64 earnings per share for the current fiscal year.
Several research firms have weighed in on MULE. Barclays PLC reaffirmed a “hold” rating and set a $24.00 price target on shares of Mulesoft in a research report on Wednesday, August 2nd. BidaskClub raised Mulesoft from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Mulesoft in a research report on Tuesday, October 24th. Zacks Investment Research raised Mulesoft from a “sell” rating to a “hold” rating in a research report on Friday, September 8th. Finally, William Blair reaffirmed an “outperform” rating on shares of Mulesoft in a research report on Sunday, July 30th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. Mulesoft presently has a consensus rating of “Hold” and a consensus price target of $27.29.
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In other news, major shareholder Ventures Fund I. L.P. Sapphire sold 1,100,000 shares of Mulesoft stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $21.47, for a total transaction of $23,617,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Ross Mason sold 125,000 shares of Mulesoft stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $23.27, for a total value of $2,908,750.00. Following the transaction, the insider now owns 125,000 shares of the company’s stock, valued at $2,908,750. The disclosure for this sale can be found here. Insiders have sold a total of 1,590,554 shares of company stock valued at $35,039,250 over the last quarter.
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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