Teachers Advisors LLC Buys 28,016 Shares of MobileIron, Inc. (MOBL)
Teachers Advisors LLC grew its stake in shares of MobileIron, Inc. (NASDAQ:MOBL) by 38.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100,187 shares of the software maker’s stock after buying an additional 28,016 shares during the quarter. Teachers Advisors LLC owned 0.13% of MobileIron worth $606,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the company. Swiss National Bank grew its stake in shares of MobileIron by 32.9% in the first quarter. Swiss National Bank now owns 56,500 shares of the software maker’s stock worth $246,000 after purchasing an additional 14,000 shares during the last quarter. UBS Asset Management Americas Inc. bought a new stake in shares of MobileIron in the first quarter worth about $136,000. JPMorgan Chase & Co. grew its stake in shares of MobileIron by 320.7% in the first quarter. JPMorgan Chase & Co. now owns 31,878 shares of the software maker’s stock worth $139,000 after purchasing an additional 24,301 shares during the last quarter. American International Group Inc. grew its stake in shares of MobileIron by 7.1% in the first quarter. American International Group Inc. now owns 28,640 shares of the software maker’s stock worth $125,000 after purchasing an additional 1,904 shares during the last quarter. Finally, FMR LLC bought a new stake in shares of MobileIron in the first quarter worth about $546,000. 54.98% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MobileIron, Inc. (NASDAQ MOBL) opened at $3.85 on Friday. MobileIron, Inc. has a 12-month low of $3.20 and a 12-month high of $6.78.
MobileIron (NASDAQ:MOBL) last posted its quarterly earnings data on Tuesday, October 31st. The software maker reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.03). The firm had revenue of $42.72 million for the quarter, compared to the consensus estimate of $42.69 million. MobileIron had a negative net margin of 33.88% and a negative return on equity of 164.43%. The business’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.07) earnings per share. equities analysts forecast that MobileIron, Inc. will post -0.62 EPS for the current year.
Several research firms recently issued reports on MOBL. BidaskClub cut MobileIron from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. ValuEngine cut MobileIron from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Northland Securities set a $5.00 target price on MobileIron and gave the stock a “buy” rating in a research note on Wednesday, October 18th. UBS AG cut MobileIron from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 18th. Finally, Imperial Capital cut MobileIron from an “outperform” rating to an “in-line” rating and cut their target price for the stock from $5.50 to $4.00 in a research note on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. MobileIron presently has a consensus rating of “Hold” and a consensus target price of $5.30.
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In other news, VP Daniel C. Fields sold 15,600 shares of MobileIron 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 transaction, the vice president now directly owns 423,037 shares in the company, valued at $1,586,388.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Daniel C. Fields sold 52,383 shares of MobileIron stock in a transaction that occurred 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 owns 423,037 shares of the company’s stock, valued at $1,594,849.49. The disclosure for this sale can be found here. Insiders own 31.70% of the company’s stock.
MobileIron Company Profile
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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