Alambic Investment Management L.P. Takes $1.47 Million Position in MobileIron (MOBL)

Alambic Investment Management L.P. acquired a new stake in MobileIron (NASDAQ:MOBL) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 297,500 shares of the software maker’s stock, valued at approximately $1,473,000. Alambic Investment Management L.P. owned about 0.30% of MobileIron as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Prudential Financial Inc. bought a new position in MobileIron in the first quarter valued at approximately $107,000. SG Americas Securities LLC bought a new position in MobileIron in the fourth quarter valued at approximately $135,000. Slow Capital Inc. bought a new position in MobileIron in the fourth quarter valued at approximately $140,000. ClariVest Asset Management LLC bought a new position in MobileIron in the first quarter valued at approximately $282,000. Finally, American Century Companies Inc. bought a new position in MobileIron in the first quarter valued at approximately $346,000. 46.60% of the stock is currently owned by hedge funds and other institutional investors.

In related news, VP Daniel C. Fields sold 71,875 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $5.14, for a total transaction of $369,437.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Aaref Hilaly sold 20,131 shares of the firm’s stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $4.83, for a total transaction of $97,232.73. Following the sale, the director now owns 100,534 shares in the company, valued at $485,579.22. The disclosure for this sale can be found here. Over the last three months, insiders have sold 156,274 shares of company stock worth $783,103. Insiders own 31.70% of the company’s stock.

Shares of NASDAQ MOBL opened at $4.15 on Friday. The firm has a market cap of $417.64 million, a PE ratio of -7.28 and a beta of 2.33. MobileIron has a twelve month low of $3.20 and a twelve month high of $6.78.

MobileIron (NASDAQ:MOBL) last announced its quarterly earnings results on Thursday, April 26th. The software maker reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The company had revenue of $43.69 million for the quarter, compared to analysts’ expectations of $43.78 million. MobileIron had a negative net margin of 33.64% and a negative return on equity of 172.10%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.06) earnings per share. research analysts anticipate that MobileIron will post -0.53 EPS for the current year.

MOBL has been the topic of a number of recent analyst reports. BidaskClub cut shares of MobileIron from a “hold” rating to a “sell” rating in a research report on Thursday, January 25th. Zacks Investment Research cut shares of MobileIron from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. Northland Securities set a $7.00 price target on shares of MobileIron and gave the stock a “buy” rating in a research report on Friday, February 9th. ValuEngine raised shares of MobileIron from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. Finally, Imperial Capital raised shares of MobileIron from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $4.00 to $5.75 in a research report on Monday, February 12th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $6.05.

MobileIron Profile

MobileIron, Inc provides a purpose-built mobile IT platform that enables enterprises to manage and secure mobile applications, content, and devices while offering their employees with device choice, privacy, and a native user experience in the United States and internationally. The company offers MobileIron platform, a government-grade security platform, which combines cloud security, unified endpoint management, secure connectivity, and threat intelligence into an integrated solution designed to protect business data in order to deliver enterprise services to users.

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Institutional Ownership by Quarter for MobileIron (NASDAQ:MOBL)

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