Wednesday, October 11, 2017 10:15 PM ET
Insider Selling at MuleSoft (MULE) is Significant
One insider — Sapphire Ventures Fund I Lp, 10% Owner — today, disposed of 1,100,000 shares of MuleSoft having a market value of approximately $23,617,829, as disclosed in a form 4 document filed with the SEC. This is the first insider buy/sell trade in the past 90 days.
Relative to its peers over the last 90 days, insider buy/sell trading at MuleSoft is lower than the 31-company peer group average. Application Software peer group saw 106 buy/sell trades during this period for an average of 3.4 transactions per company. However, the number of shares per buy/sell trade for MuleSoft is higher. Within the peer group there were 0 shares purchased and 904,908 shares sold with company insiders selling 8,537 shares on average.
To bring into focus significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated in data obtained to create and write this story.
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