MobileIron (MOBL) Shares Sold by Millennium Management LLC

Millennium Management LLC lessened its holdings in shares of MobileIron (NASDAQ:MOBL) by 12.0% in the fourth quarter, HoldingsChannel reports. The firm owned 614,291 shares of the software maker’s stock after selling 83,559 shares during the period. Millennium Management LLC’s holdings in MobileIron were worth $2,396,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in MobileIron during the 4th quarter worth approximately $135,000. BlackRock Inc. increased its position in MobileIron by 1.6% during the 4th quarter. BlackRock Inc. now owns 2,893,466 shares of the software maker’s stock worth $11,284,000 after purchasing an additional 46,183 shares in the last quarter. Wells Fargo & Company MN increased its position in MobileIron by 37.5% during the 4th quarter. Wells Fargo & Company MN now owns 197,994 shares of the software maker’s stock worth $772,000 after purchasing an additional 53,993 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in MobileIron by 19.9% during the 4th quarter. TIAA CREF Investment Management LLC now owns 403,002 shares of the software maker’s stock worth $1,572,000 after purchasing an additional 66,889 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in MobileIron by 149.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 164,534 shares of the software maker’s stock worth $609,000 after purchasing an additional 98,500 shares in the last quarter. 46.38% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:MOBL opened at $4.95 on Friday. MobileIron has a 52-week low of $3.20 and a 52-week high of $6.78. The company has a market capitalization of $477.66, a price-to-earnings ratio of -8.68 and a beta of 2.33.

MobileIron (NASDAQ:MOBL) last issued its quarterly earnings data on Thursday, February 8th. The software maker reported ($0.07) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.04. MobileIron had a negative net margin of 31.90% and a negative return on equity of 181.27%. The company had revenue of $48.83 million during the quarter, compared to the consensus estimate of $46.47 million. equities research analysts forecast that MobileIron will post -0.41 EPS for the current fiscal year.

In other MobileIron news, Director Aaref Hilaly sold 6,053 shares of the stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $4.82, for a total value of $29,175.46. Following the completion of the sale, the director now owns 100,534 shares of the company’s stock, valued at $484,573.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Daniel C. Fields sold 71,875 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $5.14, for a total transaction of $369,437.50. The disclosure for this sale can be found here. Insiders sold 154,761 shares of company stock valued at $776,446 in the last ninety days. 31.70% of the stock is owned by corporate insiders.

A number of research firms recently issued reports on MOBL. BidaskClub raised shares of MobileIron from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. ValuEngine raised shares of MobileIron from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. Imperial Capital raised shares of MobileIron from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $4.00 to $5.75 in a research report on Monday, February 12th. Zacks Investment Research raised shares of MobileIron from a “hold” rating to a “buy” rating and set a $5.50 target price for the company in a research report on Thursday, April 12th. Finally, Northland Securities set a $7.00 price objective on shares of MobileIron and gave the company a “buy” rating in a research report on Friday, February 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $6.05.

About MobileIron

MobileIron, Inc provides a purpose-built 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 in the United States and internationally. The company offers MobileIron platform, a government-grade security platform, which combines cloud security, unified endpoint management, secure connectivity, and threat intelligence into an integrated solution designed to protect business data in order to deliver enterprise services to users.

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Institutional Ownership by Quarter for MobileIron (NASDAQ:MOBL)

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