Greenhouse Funds LLLP grew its stake in Mobileiron Inc (NASDAQ:MOBL) by 30.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,660,285 shares of the software maker’s stock after purchasing an additional 626,516 shares during the period. Mobileiron comprises approximately 2.9% of Greenhouse Funds LLLP’s investment portfolio, making the stock its 15th largest holding. Greenhouse Funds LLLP owned 2.77% of Mobileiron worth $10,375,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. California State Teachers Retirement System boosted its position in Mobileiron by 4.0% in the 2nd quarter. California State Teachers Retirement System now owns 97,189 shares of the software maker’s stock worth $588,000 after purchasing an additional 3,700 shares in the last quarter. Voya Investment Management LLC boosted its position in Mobileiron by 16.0% in the 2nd quarter. Voya Investment Management LLC now owns 31,203 shares of the software maker’s stock worth $189,000 after purchasing an additional 4,315 shares in the last quarter. New York State Common Retirement Fund boosted its position in Mobileiron by 20.0% in the 2nd quarter. New York State Common Retirement Fund now owns 42,600 shares of the software maker’s stock worth $258,000 after purchasing an additional 7,099 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Mobileiron by 19.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,260 shares of the software maker’s stock worth $279,000 after purchasing an additional 7,690 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in Mobileiron by 48.7% in the 2nd quarter. Wells Fargo & Company MN now owns 55,485 shares of the software maker’s stock worth $336,000 after purchasing an additional 18,168 shares in the last quarter. Institutional investors and hedge funds own 46.21% of the company’s stock.
In related news, VP Daniel C. Fields sold 17,847 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $4.91, for a total value of $87,628.77. Following the completion of the transaction, the vice president now directly owns 365,786 shares of the company’s stock, valued at approximately $1,796,009.26. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Aaref Hilaly sold 10,269 shares of the stock in a transaction on Friday, March 9th. The shares were sold at an average price of $4.81, for a total value of $49,393.89. The disclosure for this sale can be found here. Insiders have sold a total of 154,761 shares of company stock worth $776,446 in the last quarter. Insiders own 31.70% of the company’s stock.
Shares of MOBL stock traded up $0.12 during trading hours on Wednesday, hitting $4.92. The stock had a trading volume of 79,979 shares, compared to its average volume of 627,015. Mobileiron Inc has a 52-week low of $3.20 and a 52-week high of $6.78. The stock has a market cap of $472.64, a price-to-earnings ratio of -8.00 and a beta of 2.44.
Mobileiron (NASDAQ:MOBL) last announced its earnings results on Thursday, February 8th. The software maker reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. Mobileiron had a negative return on equity of 181.27% 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. equities analysts expect that Mobileiron Inc will post -0.41 earnings per share for the current year.
Several research firms have commented on MOBL. BidaskClub upgraded Mobileiron from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. ValuEngine upgraded Mobileiron from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. Imperial Capital upgraded Mobileiron from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $4.00 to $5.75 in a research report on Monday, February 12th. Zacks Investment Research lowered Mobileiron from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. Finally, Northland Securities set a $7.00 target price on Mobileiron and gave the company a “buy” rating in a research report on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus 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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