Whetstone Capital Advisors LLC Increases Holdings in MobileIron, Inc. (MOBL)

Whetstone Capital Advisors LLC grew its stake in shares of MobileIron, Inc. (NASDAQ:MOBL) by 383.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,025,160 shares of the software maker’s stock after buying an additional 813,135 shares during the period. MobileIron accounts for 1.7% of Whetstone Capital Advisors LLC’s portfolio, making the stock its 19th biggest holding. Whetstone Capital Advisors LLC owned 1.07% of MobileIron worth $3,793,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. ETF Managers Group LLC purchased a new position in shares of MobileIron during the 2nd quarter valued at about $19,387,000. Vanguard Group Inc. lifted its position in shares of MobileIron by 13.0% during the 2nd quarter. Vanguard Group Inc. now owns 2,968,465 shares of the software maker’s stock valued at $17,960,000 after buying an additional 340,924 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of MobileIron by 143.7% during the 2nd quarter. Renaissance Technologies LLC now owns 2,741,600 shares of the software maker’s stock valued at $16,587,000 after buying an additional 1,616,600 shares in the last quarter. FMR LLC lifted its position in shares of MobileIron by 973.7% during the 2nd quarter. FMR LLC now owns 1,347,500 shares of the software maker’s stock valued at $8,152,000 after buying an additional 1,222,000 shares in the last quarter. Finally, State Street Corp lifted its position in shares of MobileIron by 24.7% during the 2nd quarter. State Street Corp now owns 873,693 shares of the software maker’s stock valued at $5,285,000 after buying an additional 173,155 shares in the last quarter. 51.20% of the stock is currently owned by hedge funds and other institutional investors.

MobileIron, Inc. (NASDAQ MOBL) opened at $3.85 on Friday. MobileIron, Inc. has a twelve month low of $3.20 and a twelve month high of $6.78.

MobileIron (NASDAQ:MOBL) last posted its quarterly earnings results on Tuesday, October 31st. The software maker reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.03). MobileIron had a negative return on equity of 164.43% and a negative net margin of 33.88%. The business had revenue of $42.72 million during the quarter, compared to analysts’ expectations of $42.69 million. During the same period in the prior year, the firm posted ($0.07) earnings per share. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. analysts anticipate that MobileIron, Inc. will post -0.61 EPS for the current fiscal year.

In other MobileIron news, VP Daniel C. Fields sold 17,890 shares of MobileIron stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $3.89, for a total value of $69,592.10. Following the sale, the vice president now owns 344,765 shares of the company’s stock, valued at approximately $1,341,135.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Daniel C. Fields sold 14,404 shares of MobileIron stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $3.90, for a total value of $56,175.60. Following the completion of the sale, the vice president now directly owns 356,250 shares in the company, valued at approximately $1,389,375. The disclosure for this sale can be found here. 31.70% of the stock is currently owned by insiders.

A number of research analysts have recently weighed in on MOBL shares. Northland Securities set a $5.00 price objective on MobileIron and gave the company a “buy” rating in a research report on Wednesday, October 18th. Imperial Capital cut MobileIron from an “outperform” rating to an “in-line” rating and lowered their price target for the stock from $5.50 to $4.00 in a report on Wednesday, October 18th. Raymond James Financial reissued a “market perform” rating on shares of MobileIron in a report on Wednesday, October 18th. UBS cut MobileIron from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 18th. Finally, Zacks Investment Research cut MobileIron from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Three 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. MobileIron presently has a consensus rating of “Hold” and a consensus target price of $5.30.

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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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Institutional Ownership by Quarter for MobileIron (NASDAQ:MOBL)

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