Matt Langdon Sells 23,260 Shares of Mulesoft Inc. (MULE) Stock
Mulesoft Inc. (NYSE:MULE) CFO Matt Langdon sold 23,260 shares of Mulesoft stock in a transaction on Friday, November 10th. The shares were sold at an average price of $23.45, for a total transaction of $545,447.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Matt Langdon also recently made the following trade(s):
- On Monday, November 13th, Matt Langdon sold 40,854 shares of Mulesoft stock. The shares were sold at an average price of $23.41, for a total transaction of $956,392.14.
Mulesoft Inc. (MULE) opened at $22.14 on Thursday. Mulesoft Inc. has a 12 month low of $19.40 and a 12 month high of $29.00.
Mulesoft (NYSE:MULE) last released its quarterly earnings data on Thursday, October 26th. The company reported ($0.13) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.04. The firm had revenue of $77.60 million for the quarter, compared to analyst estimates of $71.52 million. Mulesoft had a negative net margin of 25.84% and a negative return on equity of 49.63%. The company’s quarterly revenue was up 57.1% on a year-over-year basis. sell-side analysts expect that Mulesoft Inc. will post -0.64 earnings per share for the current fiscal year.
Several equities research analysts recently issued reports on the stock. BidaskClub downgraded shares of Mulesoft from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Zacks Investment Research downgraded shares of Mulesoft from a “hold” rating to a “sell” rating in a research report on Saturday, November 4th. Barclays PLC boosted their price objective on shares of Mulesoft from $24.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, October 27th. Piper Jaffray Companies reissued a “buy” rating on shares of Mulesoft in a research note on Tuesday, October 24th. Finally, Canaccord Genuity raised shares of Mulesoft from a “hold” rating to a “buy” rating and boosted their target price for the company from $24.00 to $29.00 in a research note on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. Mulesoft has an average rating of “Hold” and a consensus target price of $27.29.
Institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley acquired a new position in Mulesoft in the 1st quarter valued at approximately $12,477,000. Lord Abbett & CO. LLC grew its position in Mulesoft by 53.6% in the second quarter. Lord Abbett & CO. LLC now owns 1,202,994 shares of the company’s stock worth $30,003,000 after acquiring an additional 420,025 shares in the last quarter. California Public Employees Retirement System bought a new stake in Mulesoft in the first quarter worth approximately $243,000. Cipher Capital LP bought a new stake in Mulesoft in the second quarter worth approximately $693,000. Finally, JPMorgan Chase & Co. grew its position in Mulesoft by 62.2% in the second quarter. JPMorgan Chase & Co. now owns 1,214,225 shares of the company’s stock worth $30,283,000 after acquiring an additional 465,595 shares in the last quarter. Hedge funds and other institutional investors own 13.75% of the company’s stock.
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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