Tuesday, 22 January, 2019

Mulesoft (NYSE:MULE) Price Target Raised to $38.00

Know the Secrets in Technical Analysis of MuleSoft, Inc. (MULE) MuleSoft, Inc. (MULE) Retreating Position on Changes in Moving Average Line
Ginger Lawrence | 23 March, 2018, 14:26

MuleSoft, Inc. owns and operates Anypoint Platform, an integration solution for connecting applications, data sources, and devices, both on-premises and in the cloud.

MULE has been the subject of several other research reports. For the next year, analysts forecast that the firm will post sales of $534.59 million per share, with estimates ranging from $528.30 million to $547.90 million. After a recent check, we can see that 8 sell-side analysts have rated the stock a Strong Buy or Buy, based analysts polled by Zacks Research.

Mulesoft (NYSE:MULE) last announced its quarterly earnings data on Thursday, February 15th. Mulesoft had a negative net margin of 26.98% and a negative return on equity of 32.10%. The firm had revenue of $88.70 million during the quarter, compared to analyst estimates of $83.56 million. The firm's quarterly revenue was up 60.1% compared to the same quarter previous year.

A number of brokerages have commented on MULE. The rating was maintained by Canaccord Genuity with "Buy" on Thursday, February 15. The rating was maintained by Barclays Capital with "Buy" on Friday, February 16. Finally, UBS 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 research report on Wednesday, November 29th.

MuleSoft, Inc. (MULE) stock is now trading 82.52% away from its average-price of 200 days while it maintained a distance of 56.99% from its 50 Days Moving Average and 34.48% compared with the 20 Day Moving Average. Nomura started coverage on shares of Mulesoft in a research report on Tuesday, January 23rd. Through this figure traders can analyze that MULE show whether or not a stock now most active and standing in buying side or sell side.

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MuleSoft (MULE) was downgraded by analysts at Jefferies from their past Buy rating to a Hold rating in analysts note issued to investors and clients on 22 March. Barclays Capital has "Buy" rating and $31.0 target. For technical analysis of stock and trends here we employ the use of tools such as trading volumes, Simple Moving averages, RSI (14), and ATR (14) to determine the future behavior of a stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Earnings per share (EPS) are the portion of a company's profit allocated to each outstanding share of common stock. 100,000 shares traded per day would be a minimum for most traders and some require 1,000,000. The disclosure for this sale can be found here.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sylebra HK Co Ltd raised its stake in Mulesoft by 314.5% during the fourth quarter. Macquarie Group Ltd. now owns 5,400 shares of the company's stock worth $126,000 after purchasing an additional 4,200 shares in the last quarter. LLC increased its position in Mulesoft by 852.0% during the 4th quarter.

Although the announcement was made after the closing bell on Wall Street, shares in MuleSoft moved sharply higher earlier in the day as rumors of the acquisition began to surface. The stock traded as high as $40.14 and last traded at $40.13, with a volume of 6519346 shares changing hands.

Including debt, the deal was valued at $6.5 billion, the companies said in a joint statement. The stock appeared 4.34% upward to its 52-week high and 128.04% above its 52-week low. That value represents a market adjusting for revenues that have been growing by 60.27 % on a quarterly year/year basis as of the company's last quarterly report.