Shares of MobileIron, Inc. (NASDAQ:MOBL) were down 7.6% on Friday . The company traded as low as $3.60 and last traded at $3.65. Approximately 3,488,663 shares changed hands during trading, an increase of 307% from the average daily volume of 857,042 shares. The stock had previously closed at $3.95.

A number of analysts recently weighed in on MOBL shares. ValuEngine upgraded shares of MobileIron from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Barclays PLC reaffirmed a “sell” rating and issued a $5.00 price target on shares of MobileIron in a report on Wednesday, July 19th. BidaskClub downgraded MobileIron from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Northland Securities reaffirmed a “buy” rating and issued a $7.00 price target on shares of MobileIron in a report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $5.28.

The stock’s 50-day moving average price is $3.99 and its 200 day moving average price is $4.87. The firm’s market capitalization is $272.47 million.

MobileIron (NASDAQ:MOBL) last posted its quarterly earnings data on Thursday, July 27th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, topping the 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 company had revenue of $42.65 million for the quarter, compared to the consensus estimate of $43.44 million. During the same period in the previous year, the business earned ($0.14) EPS. MobileIron’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, analysts anticipate that MobileIron, Inc. will post ($0.19) EPS for the current fiscal year.

In other MobileIron news, VP Daniel C. Fields sold 52,383 shares of MobileIron stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $3.77, for a total transaction of $197,483.91. Following the sale, the vice president now directly owns 423,037 shares in the company, valued at approximately $1,594,849.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Laurel Finch sold 4,676 shares of MobileIron stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $6.33, for a total value of $29,599.08. Following the sale, the vice president now owns 287,236 shares in the company, valued at $1,818,203.88. The disclosure for this sale can be found here. Insiders have sold a total of 74,997 shares of company stock worth $300,172 over the last 90 days. 31.70% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System increased its holdings in MobileIron by 4.0% during 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 during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in MobileIron during the 2nd quarter worth approximately $3,532,000. The Manufacturers Life Insurance Company increased its holdings in MobileIron by 19.9% during 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 during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in MobileIron during the 2nd quarter worth approximately $185,000. Finally, State Street Corp increased its holdings in 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 last quarter. Institutional investors own 54.87% of the company’s stock.

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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.

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