Mulesoft Inc (MULE) Stock Rating Upgraded by Zacks Investment Research

Mulesoft Inc (NASDAQ:MULE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Thursday.

According to Zacks, “MuleSoft, Inc. owns and operates Anypoint Platform, an integration solution for connecting applications, data sources, and devices, both on-premises and in the cloud. Its hybrid integration platform includes iPaaS, ESB and a unified solution for API management, design and publishing. MuleSoft, Inc. is headquartered in San Francisco, California. “

Several other equities research analysts have also recently weighed in on the stock. Jefferies Group LLC reiterated a “buy” rating on shares of Mulesoft in a research note on Friday, May 5th. William Blair reiterated an “outperform” rating on shares of Mulesoft in a research note on Monday, May 15th. Piper Jaffray Companies started coverage on shares of Mulesoft in a research report on Tuesday, April 11th. They issued an “overweight” rating and a $30.00 price target for the company. Bank of America Corporation started coverage on shares of Mulesoft in a research report on Tuesday, April 11th. They issued a “neutral” rating and a $27.00 price target for the company. Finally, CIBC started coverage on shares of Mulesoft in a research report on Thursday, June 8th. They issued a “market perform” rating for the company. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Mulesoft currently has an average rating of “Hold” and a consensus price target of $26.00.

Shares of Mulesoft (NASDAQ:MULE) traded down 1.81% during mid-day trading on Thursday, reaching $24.35. The company had a trading volume of 232,258 shares. The company’s 50-day moving average price is $25.25 and its 200-day moving average price is $24.05. Mulesoft has a 52-week low of $21.17 and a 52-week high of $29.00. The company’s market capitalization is $364.03 million.

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Hedge funds have recently added to or reduced their stakes in the stock. Gilder Gagnon Howe & Co. LLC bought a new stake in Mulesoft during the first quarter valued at approximately $30,691,000. Laurion Capital Management LP bought a new stake in Mulesoft during the first quarter valued at approximately $1,095,000. TCW Group Inc. bought a new stake in Mulesoft during the first quarter valued at approximately $287,000. Emerald Mutual Fund Advisers Trust bought a new stake in Mulesoft during the first quarter valued at approximately $3,041,000. Finally, JPMorgan Chase & Co. bought a new stake in Mulesoft during the first quarter valued at approximately $18,214,000.

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.

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Analyst Recommendations for Mulesoft (NASDAQ:MULE)

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