Jefferies Group downgraded shares of Mulesoft (NYSE:MULE) from a buy rating to a hold rating in a report published on Wednesday, The Fly reports.

Other analysts also recently issued reports about the company. Canaccord Genuity lifted their target price on Mulesoft from $30.00 to $33.00 and gave the stock a buy rating in a research report on Friday, February 16th. Nomura initiated coverage on Mulesoft in a research report on Tuesday, January 23rd. They set a buy rating and a $30.00 target price for the company. Oppenheimer reiterated a buy rating and set a $30.00 target price on shares of Mulesoft in a research report on Wednesday, January 3rd. William Blair downgraded Mulesoft from an outperform rating to a market perform rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. downgraded Mulesoft from an overweight rating to a neutral rating and set a $35.00 target price for the company. in a research report on Wednesday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $32.70.

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Shares of MULE stock opened at $44.24 on Wednesday. Mulesoft has a 52-week low of $19.40 and a 52-week high of $44.58.

Mulesoft (NYSE:MULE) last released its earnings results on Thursday, February 15th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.07. Mulesoft had a negative return on equity of 32.10% and a negative net margin of 26.98%. The business had revenue of $88.70 million during the quarter, compared to the consensus estimate of $83.56 million. During the same period last year, the company earned ($0.10) earnings per share. The business’s revenue for the quarter was up 60.1% compared to the same quarter last year. equities research analysts predict that Mulesoft will post -0.63 EPS for the current year.

In related news, Chairman Gregory George Schott sold 150,000 shares of Mulesoft stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $30.10, for a total value of $4,515,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark C. Burton sold 6,573 shares of Mulesoft stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $31.08, for a total value of $204,288.84. Following the completion of the sale, the director now owns 6,573 shares of the company’s stock, valued at $204,288.84. The disclosure for this sale can be found here. Insiders sold 457,614 shares of company stock valued at $13,814,363 over the last 90 days.

Institutional investors and hedge funds have recently bought and sold shares of the business. Macquarie Group Ltd. grew its stake in Mulesoft by 350.0% in the fourth quarter. Macquarie Group Ltd. now owns 5,400 shares of the company’s stock valued at $126,000 after purchasing an additional 4,200 shares during the last quarter. Bank of Montreal Can grew its stake in Mulesoft by 71,250.0% in the fourth quarter. Bank of Montreal Can now owns 5,708 shares of the company’s stock valued at $133,000 after purchasing an additional 5,700 shares during the last quarter. Gilder Gagnon Howe & Co. LLC grew its stake in Mulesoft by 852.0% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 9,682 shares of the company’s stock valued at $225,000 after purchasing an additional 8,665 shares during the last quarter. Quadrature Capital Ltd purchased a new position in Mulesoft in the fourth quarter valued at about $271,000. Finally, MetLife Investment Advisors LLC purchased a new position in Mulesoft in the fourth quarter valued at about $273,000. Institutional investors own 51.05% of the company’s stock.

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About Mulesoft

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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Analyst Recommendations for Mulesoft (NYSE:MULE)

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