Bain Capital Public Equity Management LLC grew its holdings in Mulesoft Inc (NYSE:MULE) by 57.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,404,025 shares of the company’s stock after purchasing an additional 513,336 shares during the period. Mulesoft comprises approximately 2.4% of Bain Capital Public Equity Management LLC’s holdings, making the stock its 12th largest holding. Bain Capital Public Equity Management LLC’s holdings in Mulesoft were worth $32,657,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in MULE. Bank of Montreal Can grew its position in shares of Mulesoft by 71,250.0% during the 4th quarter. Bank of Montreal Can now owns 5,708 shares of the company’s stock worth $133,000 after buying an additional 5,700 shares in the last quarter. Gilder Gagnon Howe & Co. LLC grew its position in shares of Mulesoft by 852.0% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 9,682 shares of the company’s stock worth $225,000 after buying an additional 8,665 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Mulesoft during the fourth quarter valued at about $271,000. The Manufacturers Life Insurance Company bought a new stake in Mulesoft during the second quarter valued at about $293,000. Finally, Wells Fargo & Company MN boosted its position in Mulesoft by 5,963.5% during the second quarter. Wells Fargo & Company MN now owns 12,127 shares of the company’s stock valued at $302,000 after purchasing an additional 11,927 shares in the last quarter. Institutional investors and hedge funds own 51.67% of the company’s stock.
Shares of Mulesoft Inc (NYSE MULE) opened at $33.72 on Monday. The firm has a market capitalization of $4,380.00 and a PE ratio of -41.63. Mulesoft Inc has a 12-month low of $19.40 and a 12-month high of $34.60.
A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. raised Mulesoft from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $27.00 to $35.00 in a research report on Friday, February 16th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $33.00 price objective on shares of Mulesoft in a research report on Friday, February 16th. Oppenheimer raised Mulesoft from a “market perform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a research report on Wednesday, November 29th. Barclays raised their price objective on Mulesoft from $29.00 to $31.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Finally, Nomura assumed coverage on Mulesoft in a research report on Tuesday, January 23rd. They set a “buy” rating and a $30.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $31.20.
In other Mulesoft news, CFO Matt Langdon sold 46,520 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $31.17, for a total value of $1,450,028.40. Following the completion of the sale, the chief financial officer now owns 66,531 shares of the company’s stock, valued at $2,073,771.27. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gary Little sold 21,826 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $24.21, for a total value of $528,407.46. The disclosure for this sale can be found here. In the last three months, insiders sold 479,199 shares of company stock valued at $14,298,946.
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Mulesoft Company Profile
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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