News articles about Mulesoft (NYSE:MULE) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Mulesoft earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.9379352632434 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
A number of brokerages have recently issued reports on MULE. Oppenheimer restated a “buy” rating and set a $30.00 price target on shares of Mulesoft in a report on Wednesday. Zacks Investment Research upgraded shares of Mulesoft from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. BidaskClub downgraded shares of Mulesoft from a “hold” rating to a “sell” rating in a report on Friday, November 10th. Barclays raised their price target on shares of Mulesoft from $24.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, October 27th. Finally, UBS Group upgraded shares of Mulesoft from a “market perform” rating to an “outperform” rating and set a $30.00 price target for the company in a report on Wednesday, November 29th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. Mulesoft currently has a consensus rating of “Hold” and a consensus target price of $27.89.
Mulesoft (NYSE:MULE) opened at $24.80 on Friday. Mulesoft has a 1 year low of $19.40 and a 1 year high of $29.00.
Mulesoft (NYSE:MULE) last posted its quarterly earnings data on Thursday, October 26th. The company reported ($0.13) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.04. The firm had revenue of $77.60 million during the quarter, compared to analysts’ expectations of $71.52 million. Mulesoft had a negative net margin of 25.84% and a negative return on equity of 49.63%. The company’s revenue was up 57.1% compared to the same quarter last year. analysts anticipate that Mulesoft will post -0.64 earnings per share for the current year.
In other Mulesoft news, major shareholder Barry Eggers sold 32,495 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $21.57, for a total value of $700,917.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Ventures Fund I. L.P. Sapphire sold 1,100,000 shares of the firm’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $21.47, for a total transaction of $23,617,000.00. 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 in the last three months.
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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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