Mulesoft Inc (MULE) Shares Bought by Nicholas Investment Partners LP

Nicholas Investment Partners LP increased its holdings in shares of Mulesoft Inc (NYSE:MULE) by 36.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 201,222 shares of the company’s stock after buying an additional 53,305 shares during the quarter. Nicholas Investment Partners LP owned 0.15% of Mulesoft worth $4,053,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Mulesoft by 5,501.7% during the 2nd quarter. Vanguard Group Inc. now owns 1,260,372 shares of the company’s stock worth $31,434,000 after purchasing an additional 1,237,872 shares in the last quarter. Bain Capital Public Equity Management LLC increased its holdings in Mulesoft by 87.4% during the 2nd quarter. Bain Capital Public Equity Management LLC now owns 1,317,471 shares of the company’s stock worth $32,858,000 after purchasing an additional 614,389 shares in the last quarter. Baillie Gifford & Co. bought a new position in Mulesoft during the 3rd quarter worth about $12,166,000. AlpInvest Partners B.V. bought a new position in Mulesoft during the 3rd quarter worth about $9,438,000. Finally, JPMorgan Chase & Co. increased its holdings in Mulesoft by 62.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,214,225 shares of the company’s stock worth $30,283,000 after purchasing an additional 465,595 shares in the last quarter. 23.19% of the stock is currently owned by institutional investors and hedge funds.

Shares of Mulesoft Inc (NYSE MULE) traded down $1.11 during mid-day trading on Tuesday, reaching $21.92. 1,958,900 shares of the company’s stock traded hands, compared to its average volume of 925,872. Mulesoft Inc has a 1 year low of $19.40 and a 1 year high of $29.00.

Mulesoft (NYSE:MULE) last issued its quarterly earnings data on Thursday, October 26th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.04. Mulesoft had a negative net margin of 25.84% and a negative return on equity of 49.63%. The firm had revenue of $77.60 million during the quarter, compared to the consensus estimate of $71.52 million. Mulesoft’s revenue for the quarter was up 57.1% compared to the same quarter last year. sell-side analysts anticipate that Mulesoft Inc will post -0.64 EPS for the current fiscal year.

In other news, major shareholder Winblad Venture Partner Hummer sold 65,872 shares of Mulesoft stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $23.52, for a total value of $1,549,309.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 shares were sold at an average price of $21.47, for a total transaction of $23,617,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,845,407 shares of company stock valued at $40,877,301.

A number of equities analysts have issued reports on MULE shares. Goldman Sachs Group upgraded Mulesoft from a “neutral” rating to a “buy” rating and increased their target price for the stock from $24.00 to $26.00 in a report on Monday, October 9th. BidaskClub cut Mulesoft from a “hold” rating to a “sell” rating in a report on Friday, November 10th. Barclays raised their price objective on Mulesoft from $24.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, October 27th. Piper Jaffray Companies restated a “buy” rating on shares of Mulesoft in a report on Tuesday, October 24th. Finally, Zacks Investment Research cut Mulesoft from a “hold” rating to a “sell” rating in a report on Saturday, November 4th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $27.89.

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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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Institutional Ownership by Quarter for Mulesoft (NYSE:MULE)

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