Salesforce shares were up 0.3 percent at $125.31. The stock had a trading volume of 16,419,131 shares, compared to its average volume of 2,136,236. Mulesoft's quarterly revenue was up 60.1% on a year-over-year basis. Finally, California State Teachers Retirement System bought a new stake in shares of Mulesoft in the second quarter worth about $668,000. UBS raised 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. The fund owned 299,013 shares of the company's stock after purchasing an additional 200,796 shares during the quarter. Oppenheimer lifted their price objective on Mulesoft from $32.00 to $38.00 and gave the stock an "outperform" rating in a report on Tuesday, March 6th. During the same period in the previous year, the firm posted ($0.10) EPS. equities analysts predict that Mulesoft Inc will post -0.63 EPS for the current year. They issued a "buy" rating and a $30.00 target price on the stock. Barclays increased their price target on Mulesoft from $29.00 to $31.00 and gave the stock an "overweight" rating in a report on Friday, February 16th. The company has an average rating of "Buy" and an average price target of $31.20. JPMorgan Chase & Co. now owns 1,641,178 shares of the company's stock worth $33,265,000 after purchasing an additional 426,953 shares during the last quarter. Bain Capital Public Equity Management LLC now owns 1,404,025 shares of the company's stock worth $32,657,000 after purchasing an additional 513,336 shares during the last quarter. Wells Fargo & Company MN now owns 12,127 shares of the company's stock worth $302,000 after purchasing an additional 11,927 shares during the last quarter. Stockholders of MuleSoft owning approximately 30% of the outstanding shares have entered into tender and support agreements with Salesforce, pursuant to which they have agreed, among other things, and subject to the terms and conditions of the agreements, to tender their shares of MuleSoft common stock in the exchange offer.
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Shares of Mulesoft Inc (NYSE:MULE) opened at $33.03 on Tuesday.
MuleSoft, Inc is engaged in providing a software platform that connects a range of technologies.
As part of the world's #1 CRM company and fastest growing top 5 enterprise software company, MuleSoft will be able to accelerate its growth and deliver even more innovation to its customers at scale.