Engineers Gate Manager LP maintained its position in MobileIron, Inc. (NASDAQ:MOBL) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 56,259 shares of the software maker’s stock at the end of the first quarter. Engineers Gate Manager LP owned approximately 0.08% of MobileIron worth $245,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in MOBL. Greenhouse Funds LLLP purchased a new position in MobileIron during the fourth quarter worth approximately $4,851,000. Capital World Investors raised its position in MobileIron by 25.3% in the third quarter. Capital World Investors now owns 3,044,353 shares of the software maker’s stock worth $8,372,000 after buying an additional 615,000 shares during the period. Unterberg Capital LLC purchased a new position in MobileIron during the fourth quarter worth approximately $1,002,000. Kettle Hill Capital Management LLC purchased a new position in MobileIron during the fourth quarter worth approximately $782,000. Finally, Oxford Asset Management purchased a new position in MobileIron during the fourth quarter worth approximately $634,000. Institutional investors own 52.82% of the company’s stock.
Shares of MobileIron, Inc. (NASDAQ MOBL) traded down 2.36% during midday trading on Friday, reaching $6.20. 4,478,343 shares of the company’s stock traded hands. The firm’s market capitalization is $462.82 million. The stock’s 50-day moving average price is $5.35 and its 200 day moving average price is $4.59. MobileIron, Inc. has a one year low of $2.56 and a one year high of $6.55.
MobileIron (NASDAQ:MOBL) last posted its quarterly earnings results on Thursday, April 27th. The software maker reported ($0.13) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.05. MobileIron had a negative return on equity of 132.95% and a negative net margin of 36.01%. The business had revenue of $42.29 million during the quarter, compared to the consensus estimate of $41.88 million. During the same period in the prior year, the company posted ($0.13) EPS. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, equities research analysts expect that MobileIron, Inc. will post ($0.18) earnings per share for the current fiscal year.
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A number of equities analysts have recently commented on MOBL shares. Zacks Investment Research lowered shares of MobileIron from a “buy” rating to a “hold” rating in a research report on Wednesday, April 12th. Benchmark Co. started coverage on shares of MobileIron in a research report on Tuesday, April 25th. They issued a “buy” rating and a $7.00 price objective for the company. Finally, ValuEngine upgraded shares of MobileIron from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $4.91.
In other news, Director Aaref Hilaly sold 39,345 shares of the stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $4.25, for a total transaction of $167,216.25. Following the completion of the transaction, the director now directly owns 68,424 shares in the company, valued at approximately $290,802. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert B. Tinker sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $6.05, for a total value of $60,500.00. Following the transaction, the director now owns 67,126 shares of the company’s stock, valued at $406,112.30. The disclosure for this sale can be found here. Insiders sold a total of 631,590 shares of company stock valued at $3,207,650 over the last 90 days. 36.10% of the stock is currently owned by corporate insiders.
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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