Wells Fargo & Company MN raised its stake in MobileIron, Inc. (NASDAQ:MOBL) by 48.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,485 shares of the software maker’s stock after purchasing an additional 18,168 shares during the period. Wells Fargo & Company MN owned about 0.07% of MobileIron worth $336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in MobileIron by 10.3% in the 1st quarter. Vanguard Group Inc. now owns 2,627,541 shares of the software maker’s stock valued at $11,429,000 after purchasing an additional 246,150 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of MobileIron by 23.2% during the 1st quarter. Renaissance Technologies LLC now owns 1,125,000 shares of the software maker’s stock worth $4,894,000 after acquiring an additional 211,500 shares in the last quarter. Unterberg Capital LLC raised its position in shares of MobileIron by 18.0% during the 2nd quarter. Unterberg Capital LLC now owns 820,000 shares of the software maker’s stock worth $4,961,000 after acquiring an additional 124,896 shares in the last quarter. Geode Capital Management LLC raised its position in shares of MobileIron by 12.6% during the 1st quarter. Geode Capital Management LLC now owns 393,182 shares of the software maker’s stock worth $1,710,000 after acquiring an additional 43,912 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of MobileIron by 6.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 212,428 shares of the software maker’s stock worth $1,285,000 after acquiring an additional 13,366 shares in the last quarter. 53.93% of the stock is currently owned by institutional investors.

MobileIron, Inc. (NASDAQ:MOBL) opened at $3.90 on Friday. MobileIron, Inc. has a 12 month low of $3.20 and a 12 month high of $6.78.

MobileIron (NASDAQ:MOBL) last released its quarterly earnings results on Tuesday, October 31st. The software maker reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The firm had revenue of $42.72 million for the quarter, compared to analysts’ expectations of $42.69 million. MobileIron had a negative return on equity of 164.43% and a negative net margin of 33.88%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.07) EPS. sell-side analysts predict that MobileIron, Inc. will post -0.62 EPS for the current year.

Several brokerages have recently weighed in on MOBL. BidaskClub lowered MobileIron from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. ValuEngine lowered MobileIron from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Northland Securities set a $5.00 target price on MobileIron and gave the stock a “buy” rating in a research report on Wednesday, October 18th. UBS AG lowered MobileIron from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 18th. Finally, Imperial Capital lowered 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 report on Wednesday, October 18th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $5.30.

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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 value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $58,500.00. Following the completion of 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. Company insiders own 31.70% of the company’s stock.

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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Institutional Ownership by Quarter for MobileIron (NASDAQ:MOBL)

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