Investors sold shares of Mulesoft Inc (NASDAQ:MULE) on strength during trading hours on Monday. $16.76 million flowed into the stock on the tick-up and $33.74 million flowed out of the stock on the tick-down, for a money net flow of $16.98 million out of the stock. Of all stocks tracked, Mulesoft had the 0th highest net out-flow for the day. Mulesoft traded up $1.77 for the day and closed at $22.13
MULE has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Mulesoft from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. William Blair reissued an “outperform” rating on shares of Mulesoft in a research report on Sunday, July 30th. BidaskClub downgraded shares of Mulesoft from a “hold” rating to a “sell” rating in a research report on Saturday, September 23rd. Goldman Sachs Group, Inc. (The) raised shares of Mulesoft from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $24.00 to $26.00 in a research report on Monday. Finally, Barclays PLC reissued a “hold” rating and issued a $24.00 price objective on shares of Mulesoft in a research report on Wednesday, August 2nd. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $26.00.
The stock’s market capitalization is $2.96 billion. The company’s 50-day moving average price is $20.91 and its 200 day moving average price is $23.04.
Mulesoft (NASDAQ:MULE) last posted its quarterly earnings results on Thursday, July 27th. The company reported ($0.15) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.01. The company had revenue of $69.20 million during the quarter, compared to analyst estimates of $63.63 million. Mulesoft had a negative net margin of 28.36% and a negative return on equity of 30.07%. The business’s revenue was up 57.3% on a year-over-year basis. On average, analysts expect that Mulesoft Inc will post ($0.39) earnings per share for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of MULE. Strs Ohio bought a new position in Mulesoft during the first quarter valued at about $121,000. AO Asset Management LLC grew its position in Mulesoft by 2.0% during the second quarter. AO Asset Management LLC now owns 5,100 shares of the company’s stock valued at $127,000 after buying an additional 100 shares during the period. Nationwide Fund Advisors bought a new position in Mulesoft during the first quarter valued at about $146,000. SG Americas Securities LLC bought a new position in Mulesoft during the first quarter valued at about $183,000. Finally, Point72 Asia Hong Kong Ltd bought a new position in Mulesoft during the first quarter valued at about $242,000.
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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