Mobileiron Inc (NASDAQ:MOBL) shares saw strong trading volume on Friday . 1,798,384 shares traded hands during mid-day trading, an increase of 85% from the previous session’s volume of 973,148 shares.The stock last traded at $4.50 and had previously closed at $4.48.
Several research analysts have weighed in on the company. Zacks Investment Research lowered Mobileiron from a “buy” rating to a “hold” rating in a research report on Friday. BidaskClub lowered Mobileiron from a “hold” rating to a “sell” rating in a research report on Wednesday. ValuEngine raised Mobileiron from a “hold” rating to a “buy” rating in a research report on Tuesday, February 4th. Finally, Northland Securities reaffirmed a “buy” rating on shares of Mobileiron in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $8.31.
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 firm has a 50-day simple moving average of $4.82 and a two-hundred day simple moving average of $5.74. The company has a market capitalization of $489.25 million, a price-to-earnings ratio of -10.23 and a beta of 1.49.
Mobileiron (NASDAQ:MOBL) last issued its quarterly earnings data on Thursday, February 6th. The software maker reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.05. The business had revenue of $54.12 million for the quarter, compared to analyst estimates of $54.98 million. Mobileiron had a negative return on equity of 107.76% and a negative net margin of 23.80%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.03 EPS. On average, sell-side analysts forecast that Mobileiron Inc will post -0.27 earnings per share for the current year.
In other news, SVP Gregory Randolph sold 19,991 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $4.53, for a total transaction of $90,559.23. Following the transaction, the senior vice president now owns 384,050 shares of the company’s stock, valued at approximately $1,739,746.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Sohail M. Parekh sold 40,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $4.80, for a total value of $192,000.00. Following the transaction, the vice president now directly owns 415,835 shares in the company, valued at approximately $1,996,008. The disclosure for this sale can be found here. In the last three months, insiders have sold 99,991 shares of company stock worth $463,759. 13.48% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of MOBL. Nuveen Asset Management LLC acquired a new position in shares of Mobileiron during the 2nd quarter valued at about $4,572,000. Millennium Management LLC boosted its stake in Mobileiron by 135.2% during the 3rd quarter. Millennium Management LLC now owns 1,140,940 shares of the software maker’s stock valued at $7,467,000 after purchasing an additional 655,845 shares during the period. Eagle Asset Management Inc. bought a new stake in Mobileiron during the 3rd quarter valued at approximately $3,943,000. Assenagon Asset Management S.A. boosted its stake in Mobileiron by 2,164.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 540,316 shares of the software maker’s stock valued at $3,536,000 after purchasing an additional 516,451 shares during the period. Finally, First Trust Advisors LP boosted its stake in Mobileiron by 58.6% during the 4th quarter. First Trust Advisors LP now owns 1,160,827 shares of the software maker’s stock valued at $5,642,000 after purchasing an additional 429,011 shares during the period. 64.43% of the stock is currently owned by institutional investors and hedge funds.
Mobileiron Company Profile (NASDAQ:MOBL)
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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