Greenhouse Funds LLLP raised its stake in Mobileiron Inc (NASDAQ:MOBL) by 30.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,660,285 shares of the software maker’s stock after buying an additional 626,516 shares during the period. Mobileiron accounts for approximately 2.9% of Greenhouse Funds LLLP’s investment portfolio, making the stock its 15th largest position. Greenhouse Funds LLLP’s holdings in Mobileiron were worth $10,375,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Mobileiron by 13.0% during the 2nd quarter. Vanguard Group Inc. now owns 2,968,465 shares of the software maker’s stock worth $17,960,000 after purchasing an additional 340,924 shares during the period. BlackRock Inc. grew its holdings in shares of Mobileiron by 1.6% during the 4th quarter. BlackRock Inc. now owns 2,893,466 shares of the software maker’s stock worth $11,284,000 after purchasing an additional 46,183 shares during the period. Whetstone Capital Advisors LLC grew its holdings in shares of Mobileiron by 383.5% during the 3rd quarter. Whetstone Capital Advisors LLC now owns 1,025,160 shares of the software maker’s stock worth $3,793,000 after purchasing an additional 813,135 shares during the period. State Street Corp grew its holdings in shares of Mobileiron by 24.7% during the 2nd quarter. State Street Corp now owns 873,693 shares of the software maker’s stock worth $5,285,000 after purchasing an additional 173,155 shares during the period. Finally, North Run Capital LP purchased a new position in shares of Mobileiron during the 4th quarter worth $2,764,000. Institutional investors own 48.41% of the company’s stock.
In related news, Director Aaref Hilaly sold 7,566 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $5.10, for a total transaction of $38,586.60. Following the transaction, the director now owns 100,534 shares of the company’s stock, valued at approximately $512,723.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Daniel C. Fields sold 71,875 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $5.14, for a total value of $369,437.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 154,761 shares of company stock worth $776,446. 31.70% of the stock is owned by corporate insiders.
Mobileiron Inc (MOBL) opened at $4.75 on Wednesday. Mobileiron Inc has a 12 month low of $3.20 and a 12 month high of $6.78. The stock has a market capitalization of $456.27, a PE ratio of -7.92 and a beta of 2.44.
Mobileiron (NASDAQ:MOBL) last posted its earnings results on Thursday, February 8th. The software maker reported ($0.07) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.04. Mobileiron had a negative return on equity of 167.00% and a negative net margin of 31.90%. The firm had revenue of $48.83 million for the quarter, compared to analyst estimates of $46.47 million. research analysts anticipate that Mobileiron Inc will post -0.41 earnings per share for the current year.
A number of research firms have recently weighed in on MOBL. Imperial Capital upgraded Mobileiron from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $4.00 to $5.75 in a report on Monday, February 12th. ValuEngine upgraded Mobileiron from a “sell” rating to a “hold” rating in a report on Friday, February 9th. Northland Securities set a $7.00 price target on Mobileiron and gave the stock a “buy” rating in a report on Friday, February 9th. BidaskClub upgraded Mobileiron from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research cut Mobileiron from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Two research 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 company currently has a consensus rating of “Hold” and an average price target of $6.35.
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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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