MobileIron, Inc. (MOBL) Downgraded by UBS AG
UBS AG lowered shares of MobileIron, Inc. (NASDAQ:MOBL) from an outperform rating to a market perform rating in a report published on Wednesday morning, The Fly reports.
Several other equities analysts have also recently weighed in on the stock. ValuEngine cut shares of MobileIron from a hold rating to a sell rating in a research report on Friday, September 1st. BidaskClub cut 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 set a $5.00 price objective on shares of MobileIron in a research report on Wednesday, July 19th. Finally, Northland Securities reiterated a buy rating and set a $7.00 price objective on shares of MobileIron in a research report on Friday, July 14th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $5.08.
Shares of MobileIron (MOBL) traded up 8.70% on Wednesday, hitting $3.75. The company’s stock had a trading volume of 1,462,196 shares. The company’s market cap is $279.93 million. The stock’s 50 day moving average is $3.77 and its 200-day moving average is $4.75. MobileIron has a 52 week low of $3.20 and a 52 week high of $6.78.
MobileIron (NASDAQ:MOBL) last posted its quarterly earnings data on Thursday, July 27th. The software maker reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.08. MobileIron had a negative net margin of 32.67% and a negative return on equity of 136.81%. The firm had revenue of $42.65 million for the quarter, compared to analysts’ expectations of $43.44 million. During the same period in the previous year, the company posted ($0.14) EPS. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, equities research analysts anticipate that MobileIron will post ($0.24) earnings per share for the current year.
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In other news, VP Daniel C. Fields sold 52,383 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $3.77, for a total transaction of $197,483.91. Following the transaction, 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 filing with the SEC, which is available at this hyperlink. Also, VP Daniel C. Fields sold 15,600 shares of the business’s stock in a transaction 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 transaction, the vice president now owns 423,037 shares in the company, valued at $1,586,388.75. The disclosure for this sale can be found here. Insiders own 31.70% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. American International Group Inc. grew its holdings in shares of MobileIron by 7.1% during the 1st quarter. American International Group Inc. now owns 28,640 shares of the software maker’s stock valued at $125,000 after acquiring an additional 1,904 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new position in shares of MobileIron during the 1st quarter valued at $136,000. JPMorgan Chase & Co. grew its holdings in shares of MobileIron by 320.7% during the 1st quarter. JPMorgan Chase & Co. now owns 31,878 shares of the software maker’s stock valued at $139,000 after acquiring an additional 24,301 shares in the last quarter. Metropolitan Life Insurance Co. NY purchased a new position in shares of MobileIron during the 1st quarter valued at $154,000. Finally, Prudential Financial Inc. grew its holdings in shares of MobileIron by 4.8% during the 2nd quarter. Prudential Financial Inc. now owns 26,090 shares of the software maker’s stock valued at $158,000 after acquiring an additional 1,200 shares in the last quarter. Institutional investors and hedge funds own 54.87% of the company’s stock.
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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