MobileIron, Inc. (NASDAQ:MOBL) VP Daniel C. Fields sold 15,600 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $3.75, for a total transaction of $58,500.00. Following the completion of the sale, the vice president now owns 423,037 shares in the company, valued at $1,586,388.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of MobileIron, Inc. (NASDAQ:MOBL) opened at 3.90 on Friday. MobileIron, Inc. has a one year low of $2.56 and a one year high of $6.78. The firm’s 50-day moving average is $4.27 and its 200 day moving average is $4.91. The firm’s market capitalization is $291.13 million.

MobileIron (NASDAQ:MOBL) last issued its quarterly earnings results on Thursday, July 27th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.08. MobileIron had a negative return on equity of 136.81% and a negative net margin of 32.67%. The firm had revenue of $42.65 million for the quarter, compared to analyst estimates of $43.44 million. During the same period in the previous year, the firm earned ($0.14) earnings per share. The company’s revenue was up 9.6% compared to the same quarter last year. Equities research analysts predict that MobileIron, Inc. will post ($0.19) earnings per share for the current year.

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Institutional investors and hedge funds have recently modified their holdings of the business. Formula Growth Ltd. acquired a new position in MobileIron in the first quarter valued at approximately $3,114,000. TFS Capital LLC acquired a new position in MobileIron in the first quarter valued at approximately $159,000. Unterberg Capital LLC lifted its stake in MobileIron by 18.0% in the second quarter. Unterberg Capital LLC now owns 820,000 shares of the software maker’s stock valued at $4,961,000 after buying an additional 124,896 shares during the period. Bank of Montreal Can lifted its stake in MobileIron by 26,262.0% in the first quarter. Bank of Montreal Can now owns 26,362 shares of the software maker’s stock valued at $114,000 after buying an additional 26,262 shares during the period. Finally, UBS Asset Management Americas Inc. acquired a new position in MobileIron in the first quarter valued at approximately $136,000. 54.87% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently weighed in on the stock. ValuEngine downgraded shares of MobileIron from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. BidaskClub downgraded shares of MobileIron from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Barclays PLC reiterated a “sell” rating and issued a $5.00 price target on shares of MobileIron in a research report on Wednesday, July 19th. Finally, Northland Securities reiterated a “buy” rating and issued a $7.00 price target on shares of MobileIron in a research report on Friday, July 14th. 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 company’s stock. MobileIron currently has a consensus rating of “Hold” and an average target price of $5.28.

About MobileIron

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.

Insider Buying and Selling by Quarter for MobileIron (NASDAQ:MOBL)

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