Spark Investment Management LLC decreased its stake in shares of Mulesoft Inc (NASDAQ:MULE) by 8.9% during the second quarter, Holdings Channel reports. The institutional investor owned 25,300 shares of the company’s stock after selling 2,462 shares during the period. Spark Investment Management LLC’s holdings in Mulesoft were worth $630,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MULE. Sapphire Ventures L.L.C. acquired a new stake in shares of Mulesoft during the first quarter valued at $185,565,000. Cisco Systems Inc. acquired a new stake in shares of Mulesoft during the first quarter valued at $36,229,000. Gilder Gagnon Howe & Co. LLC acquired a new stake in shares of Mulesoft during the first quarter valued at $30,691,000. OZ Management LP acquired a new stake in shares of Mulesoft during the first quarter valued at $22,311,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Mulesoft during the first quarter valued at $18,214,000.

Mulesoft Inc (MULE) opened at 21.63 on Friday. Mulesoft Inc has a 12 month low of $18.84 and a 12 month high of $29.00. The company’s market cap is $2.79 billion. The stock’s 50 day moving average is $23.88 and its 200 day moving average is $23.92.

Mulesoft (NASDAQ:MULE) last posted its quarterly earnings data on Thursday, July 27th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping 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 company had revenue of $69.20 million for the quarter, compared to the consensus estimate of $63.63 million. The business’s revenue was up 57.3% on a year-over-year basis. Equities analysts predict that Mulesoft Inc will post ($0.39) earnings per share for the current year.

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Several analysts have recently weighed in on MULE shares. Jefferies Group LLC restated a “buy” rating on shares of Mulesoft in a research note on Friday, May 5th. Zacks Investment Research cut shares of Mulesoft from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. William Blair reaffirmed an “outperform” rating on shares of Mulesoft in a research report on Monday, May 15th. CIBC assumed coverage on shares of Mulesoft in a research report on Thursday, June 8th. They set a “market perform” rating on the stock. Finally, Oppenheimer Holdings, Inc. assumed coverage on shares of Mulesoft in a research report on Thursday, June 8th. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $25.86.

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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Institutional Ownership by Quarter for Mulesoft (NASDAQ:MULE)

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