Continued Level of Significant Insider Selling at MuleSoft (MULE)

Wednesday, December 06, 2017 10:15 PM ET

Continued Level of Significant Insider Selling at MuleSoft (MULE)

A filing with the SEC today disclosed a substantial insider sale of MuleSoft shares as — Barry Eggers, 10% Owner — sold 57,839 shares in the company having a market value of approximately $1,235,726. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 1,228,784 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,286,623 shares and have averaged 321,656 shares per transaction over this time period.

Compared to its peers over the last 90 days, insider buy/sell trading at MuleSoft is above the 32-company peer group average. Application Software peer group saw 94 buy/sell trades during this period for an average of 2.9 transactions per company. The number of shares per buy/sell trade for MuleSoft insiders was also higher. Within the peer group there were 3,424 shares purchased and 2,066,322 shares sold with company insiders having sold 21,946 shares on average.

The data sourced in composing and writing in this story eliminates 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.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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