S Squared Technology LLC boosted its position in Mobileiron Inc (NASDAQ:MOBL) by 9.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 553,778 shares of the software maker’s stock after acquiring an additional 50,000 shares during the period. Mobileiron accounts for approximately 2.3% of S Squared Technology LLC’s portfolio, making the stock its 15th largest holding. S Squared Technology LLC’s holdings in Mobileiron were worth $3,029,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in MOBL. Quantamental Technologies LLC boosted its stake in Mobileiron by 78.7% in the first quarter. Quantamental Technologies LLC now owns 8,400 shares of the software maker’s stock worth $46,000 after buying an additional 3,700 shares in the last quarter. Amalgamated Bank bought a new position in shares of Mobileiron during the fourth quarter valued at approximately $50,000. Thompson Siegel & Walmsley LLC bought a new position in Mobileiron in the first quarter worth $57,000. GSA Capital Partners LLP bought a new position in Mobileiron in the fourth quarter worth $68,000. Finally, BNP Paribas Arbitrage SA raised its holdings in Mobileiron by 2,038.2% in the first quarter. BNP Paribas Arbitrage SA now owns 16,272 shares of the software maker’s stock worth $89,000 after purchasing an additional 15,511 shares in the last quarter. Institutional investors and hedge funds own 62.12% of the company’s stock.
Shares of MOBL stock traded down $0.01 during mid-day trading on Friday, hitting $5.49. The stock had a trading volume of 10,298 shares, compared to its average volume of 917,977. Mobileiron Inc has a 12-month low of $3.98 and a 12-month high of $6.58. The stock has a market capitalization of $592.53 million, a price-to-earnings ratio of -13.08 and a beta of 1.70. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.24.
Mobileiron (NASDAQ:MOBL) last announced its quarterly earnings data on Thursday, April 25th. The software maker reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01). Mobileiron had a negative net margin of 22.17% and a negative return on equity of 80.43%. The firm had revenue of $48.10 million during the quarter, compared to analyst estimates of $48.10 million. During the same period in the prior year, the company posted ($0.06) earnings per share. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. Research analysts predict that Mobileiron Inc will post -0.39 EPS for the current fiscal year.
In related news, VP Sohail M. Parekh sold 10,000 shares of Mobileiron stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $6.09, for a total value of $60,900.00. Following the completion of the transaction, the vice president now directly owns 557,080 shares in the company, valued at $3,392,617.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kenneth R. Klein sold 30,000 shares of Mobileiron stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $5.91, for a total value of $177,300.00. Following the completion of the transaction, the director now owns 113,995 shares of the company’s stock, valued at $673,710.45. The disclosure for this sale can be found here. Insiders have sold 65,449 shares of company stock valued at $390,640 in the last three months. Insiders own 13.48% of the company’s stock.
Several brokerages have recently weighed in on MOBL. ValuEngine upgraded Mobileiron from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 4th. BidaskClub cut Mobileiron from a “hold” rating to a “sell” rating in a research report on Thursday, February 14th. Northland Securities reissued a “buy” rating and set a $6.50 target price on shares of Mobileiron in a research note on Thursday, April 11th. Finally, Zacks Investment Research downgraded Mobileiron from a “hold” rating to a “sell” rating in a research note on Saturday, April 20th.
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MobileIron, Inc, together with its subsidiaries, provides 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 worldwide. It offers MobileIron security platform, which includes MobileIron unified endpoint management, a comprehensive security platform that provides the fundamental visibility and IT controls to secure, manage, and monitor various corporate or employee-owned mobile devices or desktops that access business-critical data; MobileIron Access to block untrusted devices and apps from accessing cloud services based on security posture and compliance, as well as provide single sign-on and multifactor authentication for applications on the device; and MobileIron Tunnel that provides secure connectivity through a per-app VPN to connect applications to back-end services.
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