Mobileiron Inc (NASDAQ:MOBL) VP Daniel C. Fields sold 71,875 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $5.14, for a total value of $369,437.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Mobileiron Inc (NASDAQ MOBL) traded down $0.12 on Thursday, hitting $4.88. The stock had a trading volume of 590,890 shares, compared to its average volume of 581,315. The company has a market cap of $468.28, a P/E ratio of -8.13 and a beta of 2.69. Mobileiron Inc has a 52 week low of $3.20 and a 52 week high of $6.78.
Mobileiron (NASDAQ:MOBL) last released its quarterly earnings results on Thursday, February 8th. The software maker reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.04. The company had revenue of $48.83 million during the quarter, compared to the consensus estimate of $46.47 million. Mobileiron had a negative return on equity of 167.00% and a negative net margin of 31.90%. sell-side analysts forecast that Mobileiron Inc will post -0.41 EPS for the current fiscal year.
A number of research analysts have commented on the company. Imperial Capital upgraded Mobileiron from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $4.00 to $5.75 in a research note on Monday, February 12th. ValuEngine upgraded Mobileiron from a “sell” rating to a “hold” rating in a research note on Friday, February 9th. Northland Securities set a $7.00 target price on Mobileiron and gave the company a “buy” rating in a research note on Friday, February 9th. BidaskClub upgraded Mobileiron from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research downgraded Mobileiron from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $6.35.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its stake in shares of Mobileiron by 4.0% during the 2nd quarter. California State Teachers Retirement System now owns 97,189 shares of the software maker’s stock worth $588,000 after acquiring an additional 3,700 shares in the last quarter. Voya Investment Management LLC boosted its stake in shares of Mobileiron by 16.0% during the 2nd quarter. Voya Investment Management LLC now owns 31,203 shares of the software maker’s stock worth $189,000 after acquiring an additional 4,315 shares in the last quarter. New York State Common Retirement Fund boosted its stake in shares of Mobileiron by 20.0% during the 2nd quarter. New York State Common Retirement Fund now owns 42,600 shares of the software maker’s stock worth $258,000 after acquiring an additional 7,099 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Mobileiron by 19.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,260 shares of the software maker’s stock worth $279,000 after acquiring an additional 7,690 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of Mobileiron by 27.4% during the 2nd quarter. Swiss National Bank now owns 72,000 shares of the software maker’s stock worth $436,000 after acquiring an additional 15,500 shares in the last quarter. Institutional investors own 48.74% of the company’s stock.
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Mobileiron Company Profile
MobileIron, Inc (MobileIron) provides a mobile information technology (IT) platform for enterprises to manage and secure mobile applications, content and devices. The Company’s solution provides enterprise security. The MobileIron Platform combines security and enterprise mobility management (EMM) tools, including mobile device management (MDM), mobile application management (MAM), and mobile content management (MCM) capabilities.
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