AO Asset Management LLC boosted its position in shares of Mulesoft Inc (NASDAQ:MULE) by 2.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,100 shares of the company’s stock after buying an additional 100 shares during the quarter. AO Asset Management LLC’s holdings in Mulesoft were worth $127,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. New York State Common Retirement Fund grew its position in Mulesoft by 12.2% during the second quarter. New York State Common Retirement Fund now owns 29,562 shares of the company’s stock valued at $737,000 after buying an additional 3,211 shares during the period. Strs Ohio grew its position in Mulesoft by 88.0% during the second quarter. Strs Ohio now owns 9,400 shares of the company’s stock valued at $234,000 after buying an additional 4,400 shares during the period. Sumitomo Mitsui Asset Management Company LTD grew its position in Mulesoft by 61.4% during the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 14,523 shares of the company’s stock valued at $362,000 after buying an additional 5,523 shares during the period. Nationwide Fund Advisors acquired a new stake in Mulesoft during the first quarter valued at $146,000. Finally, SG Americas Securities LLC acquired a new stake in Mulesoft during the first quarter valued at $183,000.

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Mulesoft Inc (NASDAQ MULE) traded up 1.81% during mid-day trading on Friday, reaching $20.26. 980,492 shares of the company traded hands. The stock’s 50 day moving average price is $21.18 and its 200 day moving average price is $23.36. Mulesoft Inc has a 52 week low of $19.52 and a 52 week high of $29.00. The firm’s market capitalization is $2.61 billion.

Mulesoft (NASDAQ:MULE) last announced its quarterly earnings data on Thursday, July 27th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.01. The company had revenue of $69.20 million for the quarter, compared to analysts’ expectations of $63.63 million. Mulesoft had a negative net margin of 28.36% and a negative return on equity of 30.07%. Mulesoft’s quarterly revenue was up 57.3% compared to the same quarter last year. Equities analysts forecast that Mulesoft Inc will post ($0.39) EPS for the current year.

Several research firms recently commented on MULE. Piper Jaffray Companies restated a “buy” rating and set a $27.00 price target on shares of Mulesoft in a research report on Monday, August 14th. Zacks Investment Research upgraded shares of Mulesoft from a “sell” rating to a “hold” rating in a research report on Friday, September 8th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Mulesoft in a research report on Monday, September 18th. Barclays PLC restated a “hold” rating and set a $24.00 price target on shares of Mulesoft in a research report on Wednesday, August 2nd. Finally, William Blair restated an “outperform” rating on shares of Mulesoft in a research report on Sunday, July 30th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Mulesoft currently has an average rating of “Hold” and a consensus target price of $25.43.

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.

Institutional Ownership by Quarter for Mulesoft (NASDAQ:MULE)

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