Squarepoint Ops LLC decreased its stake in shares of Mobileiron Inc (NASDAQ:MOBL) by 60.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 154,841 shares of the software maker’s stock after selling 233,859 shares during the quarter. Squarepoint Ops LLC owned about 0.14% of Mobileiron worth $1,013,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MOBL. Meeder Asset Management Inc. boosted its holdings in shares of Mobileiron by 1,740.6% in the 3rd quarter. Meeder Asset Management Inc. now owns 4,307 shares of the software maker’s stock valued at $28,000 after acquiring an additional 4,073 shares during the last quarter. Aperio Group LLC purchased a new stake in shares of Mobileiron in the 2nd quarter valued at $41,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Mobileiron by 519.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,091 shares of the software maker’s stock valued at $50,000 after acquiring an additional 6,785 shares during the last quarter. United Services Automobile Association purchased a new stake in shares of Mobileiron in the 2nd quarter valued at $68,000. Finally, Trexquant Investment LP purchased a new stake in shares of Mobileiron in the 2nd quarter valued at $69,000. Institutional investors and hedge funds own 64.89% of the company’s stock.

In related news, VP Sohail M. Parekh sold 40,000 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $4.53, for a total transaction of $181,200.00. Following the sale, the vice president now directly owns 455,835 shares of the company’s stock, valued at $2,064,932.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Gregory Randolph sold 19,991 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $4.53, for a total transaction of $90,559.23. Following the sale, the senior vice president now directly owns 384,050 shares in the company, valued at $1,739,746.50. The disclosure for this sale can be found here. Corporate insiders own 13.48% of the company’s stock.

Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Mobileiron from a “sell” rating to a “hold” rating in a report on Wednesday. BidaskClub downgraded shares of Mobileiron from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 22nd. Northland Securities reaffirmed a “buy” rating on shares of Mobileiron in a report on Friday, November 1st. Finally, ValuEngine downgraded shares of Mobileiron from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $8.81.

MOBL stock opened at $4.67 on Friday. The firm’s fifty day simple moving average is $4.98 and its 200-day simple moving average is $6.09. The company has a market capitalization of $507.19 million, a P/E ratio of -11.11 and a beta of 1.52. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.34 and a quick ratio of 1.34. Mobileiron Inc has a 12 month low of $4.11 and a 12 month high of $7.79.

Mobileiron (NASDAQ:MOBL) last announced its quarterly earnings results on Thursday, October 31st. The software maker reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.01). Mobileiron had a negative return on equity of 100.03% and a negative net margin of 23.43%. The firm had revenue of $52.20 million for the quarter, compared to analysts’ expectations of $52.65 million. During the same period last year, the company posted $0.02 earnings per share. The business’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts forecast that Mobileiron Inc will post -0.37 earnings per share for the current year.

Mobileiron Profile

MobileIron, Inc, together with its subsidiaries, provides mobile IT platform that enables enterprises to manage and secure mobile applications, content, and devices while offering their employees with device choice, privacy, and a native user experience worldwide. It offers MobileIron security platform, which includes MobileIron unified endpoint management, a comprehensive security platform that provides the fundamental visibility and IT controls to secure, manage, and monitor various corporate or employee-owned mobile devices or desktops that access business-critical data; MobileIron Access to block untrusted devices and apps from accessing cloud services based on security posture and compliance, as well as provide single sign-on and multifactor authentication for applications on the device; and MobileIron Tunnel that provides secure connectivity through a per-app VPN to connect applications to back-end services.

Read More: How to Track your Portfolio in Google Finance

Want to see what other hedge funds are holding MOBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mobileiron Inc (NASDAQ:MOBL).

Institutional Ownership by Quarter for Mobileiron (NASDAQ:MOBL)

Receive News & Ratings for Mobileiron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mobileiron and related companies with MarketBeat.com's FREE daily email newsletter.