Mobileiron (NASDAQ:MOBL) Lowered to Sell at BidaskClub

BidaskClub lowered shares of Mobileiron (NASDAQ:MOBL) from a hold rating to a sell rating in a research note published on Wednesday, BidAskClub reports.

Several other equities research analysts have also recently commented on MOBL. Zacks Investment Research upgraded Mobileiron from a hold rating to a buy rating and set a $5.25 target price on the stock in a research note on Tuesday, February 4th. ValuEngine upgraded Mobileiron from a hold rating to a buy rating in a research note on Tuesday, February 4th. Finally, Northland Securities restated a buy rating on shares of Mobileiron in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $8.31.

Shares of NASDAQ:MOBL traded down $0.02 during trading on Wednesday, hitting $4.48. 437,373 shares of the company’s stock traded hands, compared to its average volume of 945,642. Mobileiron has a 52 week low of $4.38 and a 52 week high of $7.79. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.25. The company has a market cap of $489.25 million, a price-to-earnings ratio of -10.18 and a beta of 1.49. The company has a 50-day moving average price of $4.83 and a 200-day moving average price of $5.76.

Mobileiron (NASDAQ:MOBL) last released its quarterly earnings data on Thursday, February 6th. The software maker reported $0.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.05. Mobileiron had a negative return on equity of 107.76% and a negative net margin of 23.80%. The business had revenue of $54.12 million for the quarter, compared to analysts’ expectations of $54.98 million. During the same quarter in the previous year, the business posted $0.03 EPS. Mobileiron’s revenue for the quarter was up .1% on a year-over-year basis. On average, analysts predict that Mobileiron will post -0.27 earnings per share for the current fiscal year.

In other Mobileiron news, SVP Gregory Randolph sold 19,991 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $4.53, for a total value of $90,559.23. Following the sale, the senior vice president now owns 384,050 shares in the company, valued at approximately $1,739,746.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Sohail M. Parekh sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $4.80, for a total value of $192,000.00. Following the completion of the sale, the vice president now owns 415,835 shares in the company, valued at approximately $1,996,008. The disclosure for this sale can be found here. Insiders sold a total of 99,991 shares of company stock worth $463,759 in the last 90 days. Company insiders own 13.48% of the company’s stock.

Several institutional investors have recently made changes to their positions in MOBL. Formula Growth Ltd. lifted its position in shares of Mobileiron by 48.1% during the 4th quarter. Formula Growth Ltd. now owns 777,777 shares of the software maker’s stock worth $3,780,000 after buying an additional 252,777 shares during the last quarter. Trexquant Investment LP lifted its position in shares of Mobileiron by 17.9% during the 4th quarter. Trexquant Investment LP now owns 24,594 shares of the software maker’s stock worth $120,000 after buying an additional 3,742 shares during the last quarter. William Blair Investment Management LLC lifted its position in shares of Mobileiron by 30.4% during the 4th quarter. William Blair Investment Management LLC now owns 1,598,788 shares of the software maker’s stock worth $7,770,000 after buying an additional 372,862 shares during the last quarter. Credit Suisse AG lifted its position in shares of Mobileiron by 6.3% during the 4th quarter. Credit Suisse AG now owns 95,159 shares of the software maker’s stock worth $463,000 after buying an additional 5,635 shares during the last quarter. Finally, ProShare Advisors LLC lifted its position in shares of Mobileiron by 22.6% during the 4th quarter. ProShare Advisors LLC now owns 13,361 shares of the software maker’s stock worth $65,000 after buying an additional 2,467 shares during the last quarter. Institutional investors own 64.43% of the company’s stock.

Mobileiron Company 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.

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