MobileIron, Inc. (MOBL) Trading Up 0%
MobileIron, Inc. (NASDAQ:MOBL) shares were up 0% during mid-day trading on Friday . The stock traded as high as $4.30 and last traded at $4.10. Approximately 208,176 shares were traded during trading, a decline of 74% from the average daily volume of 800,849 shares. The stock had previously closed at $4.10.
Several research analysts have recently issued reports on MOBL shares. Barclays PLC reaffirmed a “sell” rating and set a $5.00 price target on shares of MobileIron in a research note on Wednesday, July 19th. Northland Securities reaffirmed a “buy” rating and set a $7.00 price target on shares of MobileIron in a research note on Friday, July 14th. BidaskClub downgraded MobileIron from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Finally, ValuEngine downgraded MobileIron from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $5.67.
The company’s market capitalization is $306.06 million. The company has a 50 day moving average price of $3.78 and a 200-day moving average price of $4.79.
MobileIron (NASDAQ:MOBL) last announced its earnings results on Thursday, July 27th. The software maker reported ($0.08) EPS for the quarter, beating 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 business had revenue of $42.65 million during the quarter, compared to the consensus estimate of $43.44 million. During the same period in the prior year, the business posted ($0.14) earnings per share. MobileIron’s revenue was up 9.6% compared to the same quarter last year. On average, equities analysts expect that MobileIron, Inc. will post ($0.19) earnings per share for the current year.
In other news, VP Daniel C. Fields sold 15,600 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was 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 directly owns 423,037 shares of the company’s stock, valued at $1,586,388.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Daniel C. Fields sold 52,383 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $3.77, for a total value of $197,483.91. Following the sale, the vice president now directly owns 423,037 shares of the company’s stock, valued at $1,594,849.49. The disclosure for this sale can be found here. Corporate insiders own 31.70% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in MOBL. Bank of Montreal Can lifted its holdings in shares of MobileIron by 26,262.0% during the first quarter. Bank of Montreal Can now owns 26,362 shares of the software maker’s stock valued at $114,000 after purchasing an additional 26,262 shares during the last quarter. American International Group Inc. lifted its holdings in shares of MobileIron by 7.1% during the first quarter. American International Group Inc. now owns 28,640 shares of the software maker’s stock valued at $125,000 after purchasing an additional 1,904 shares during the last quarter. UBS Asset Management Americas Inc. purchased a new stake in shares of MobileIron during the first quarter valued at $136,000. JPMorgan Chase & Co. lifted its holdings in shares of MobileIron by 320.7% during the first quarter. JPMorgan Chase & Co. now owns 31,878 shares of the software maker’s stock valued at $139,000 after purchasing an additional 24,301 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY purchased a new stake in shares of MobileIron during the first quarter valued at $154,000. 54.87% of the stock is owned by institutional investors and hedge funds.
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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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