New York State Common Retirement Fund raised its stake in Mulesoft Inc (NYSE:MULE) by 14.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 33,882 shares of the company’s stock after purchasing an additional 4,320 shares during the quarter. New York State Common Retirement Fund’s holdings in Mulesoft were worth $682,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in MULE. AO Asset Management LLC grew its stake 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 valued at $127,000 after purchasing an additional 100 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of Mulesoft by 10,031.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 10,131 shares of the company’s stock valued at $253,000 after purchasing an additional 10,031 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Mulesoft in the 2nd quarter valued at approximately $293,000. Wells Fargo & Company MN grew its stake in shares of Mulesoft by 5,963.5% in the 2nd 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 during the last quarter. Finally, Virtu KCG Holdings LLC grew its stake in shares of Mulesoft by 18.7% in the 2nd quarter. Virtu KCG Holdings LLC now owns 12,782 shares of the company’s stock valued at $319,000 after purchasing an additional 2,013 shares during the last quarter. Institutional investors own 23.19% of the company’s stock.

MULE has been the topic of several analyst reports. Oppenheimer upgraded Mulesoft from a “market perform” rating to an “outperform” rating and set a $30.00 target price on the stock in a research note on Wednesday, November 29th. Goldman Sachs Group upgraded Mulesoft from a “neutral” rating to a “buy” rating and lifted their target price for the company from $24.00 to $26.00 in a research note on Monday, October 9th. Zacks Investment Research downgraded Mulesoft from a “hold” rating to a “sell” rating in a research note on Saturday, November 4th. BidaskClub downgraded Mulesoft from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Finally, Barclays lifted their target price on Mulesoft from $24.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. Mulesoft presently has a consensus rating of “Hold” and a consensus price target of $27.89.

In related news, major shareholder Ventures Fund I. L.P. Sapphire sold 1,100,000 shares of Mulesoft stock in a transaction on Monday, October 9th. The stock was sold at an average price of $21.47, for a total transaction of $23,617,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Winblad Venture Partner Hummer sold 65,872 shares of Mulesoft stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $23.52, for a total value of $1,549,309.44. The disclosure for this sale can be found here. Insiders sold a total of 1,899,487 shares of company stock valued at $42,062,801 over the last three months.

Shares of Mulesoft Inc (NYSE:MULE) opened at $24.80 on Friday. The company has a market capitalization of $3,220.00 and a P/E ratio of -34.44. Mulesoft Inc has a 1-year low of $19.40 and a 1-year high of $29.00.

Mulesoft (NYSE:MULE) last posted its quarterly earnings results on Thursday, October 26th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.04. The business had revenue of $77.60 million during the quarter, compared to analysts’ expectations of $71.52 million. Mulesoft had a negative return on equity of 49.63% and a negative net margin of 25.84%. Mulesoft’s quarterly revenue was up 57.1% compared to the same quarter last year. research analysts anticipate that Mulesoft Inc will post -0.64 EPS for the current year.

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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.

Institutional Ownership by Quarter for Mulesoft (NYSE:MULE)

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