Mulesoft (MULE) Receiving Somewhat Positive News Coverage, Study Finds

Headlines about Mulesoft (NYSE:MULE) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. 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 news sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.121984712482 out of 100, meaning that recent media 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 impacted Accern’s analysis:

Shares of Mulesoft (MULE) opened at $25.20 on Friday. The stock has a market cap of $3,280.00 and a PE ratio of -35.00. Mulesoft has a twelve month low of $19.40 and a twelve month 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 (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.04. The firm had revenue of $77.60 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 57.1% compared to the same quarter last year. equities analysts anticipate that Mulesoft will post -0.64 earnings per share for the current year.

Several analysts recently commented on MULE shares. Oppenheimer raised shares of Mulesoft from a “market perform” rating to an “outperform” rating and set a $30.00 target price for the company in a report on Wednesday, November 29th. Goldman Sachs Group raised shares of Mulesoft from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $24.00 to $26.00 in a report on Monday, October 9th. Barclays raised shares of Mulesoft from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $28.00 to $29.00 in a report on Monday, January 8th. Zacks Investment Research downgraded shares of Mulesoft from a “hold” rating to a “sell” rating in a report on Saturday, November 4th. Finally, BidaskClub downgraded shares of Mulesoft from a “hold” rating to a “sell” rating in a report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $28.00.

In other news, major shareholder Barry Eggers sold 32,495 shares of the business’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 can be accessed through this hyperlink. Also, major shareholder Ross Mason sold 125,000 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $23.27, for a total transaction of $2,908,750.00. Following the completion of the transaction, the insider now owns 125,000 shares of the company’s stock, valued at $2,908,750. The disclosure for this sale can be found here. Insiders sold a total of 821,313 shares of company stock valued at $18,974,208 over the last 90 days.

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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.

Insider Buying and Selling by Quarter for Mulesoft (NYSE:MULE)

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