Goldman Sachs Group, Inc. (The) upgraded shares of Mulesoft Inc (NASDAQ:MULE) from a neutral rating to a buy rating in a research note published on Monday, MarketBeat Ratings reports. Goldman Sachs Group, Inc. (The) currently has $26.00 price target on the stock, up from their previous price target of $24.00.
Other equities analysts have also issued research reports about the stock. Piper Jaffray Companies reiterated a buy rating and set a $27.00 price objective on shares of Mulesoft in a report on Monday, August 14th. Oppenheimer Holdings, Inc. reiterated a hold rating on shares of Mulesoft in a report on Monday, September 18th. Zacks Investment Research upgraded shares of Mulesoft from a sell rating to a hold rating in a report on Friday, September 8th. Barclays PLC reiterated a hold rating and set a $24.00 price objective on shares of Mulesoft in a report on Wednesday, August 2nd. Finally, William Blair reiterated an outperform rating on shares of Mulesoft in a report on Sunday, July 30th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $26.00.
Mulesoft (NASDAQ:MULE) last announced its quarterly earnings data on Thursday, July 27th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.01. Mulesoft had a negative net margin of 28.36% and a negative return on equity of 30.07%. The firm had revenue of $69.20 million for the quarter, compared to analyst estimates of $63.63 million. The business’s quarterly revenue was up 57.3% compared to the same quarter last year.
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In related news, major shareholder Ventures Fund I. L.P. Sapphire sold 1,100,000 shares of the company’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $21.47, for a total value of $23,617,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Strs Ohio acquired a new stake in shares of Mulesoft in the 1st quarter worth about $121,000. AO Asset Management LLC raised its holdings in shares of Mulesoft by 2.0% in the 2nd quarter. AO Asset Management LLC now owns 5,100 shares of the company’s stock worth $127,000 after acquiring an additional 100 shares during the last quarter. Nationwide Fund Advisors acquired a new stake in shares of Mulesoft in the 1st quarter worth about $146,000. SG Americas Securities LLC acquired a new stake in shares of Mulesoft in the 1st quarter worth about $183,000. Finally, Point72 Asia Hong Kong Ltd acquired a new stake in shares of Mulesoft in the 1st quarter worth 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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