A.R.T. Advisors LLC Buys Shares of 64,700 Mobileiron Inc (MOBL)

A.R.T. Advisors LLC bought a new stake in Mobileiron Inc (NASDAQ:MOBL) during the fourth quarter, Holdings Channel reports. The fund bought 64,700 shares of the company’s stock, valued at approximately $242,000. A.R.T. Advisors LLC owned about 0.09% of Mobileiron at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kettle Hill Capital Management LLC purchased a new position in shares of Mobileiron during the fourth quarter valued at about $782,000. Teza Capital Management LLC purchased a new position in shares of Mobileiron during the fourth quarter valued at about $116,000. Oxford Asset Management purchased a new position in shares of Mobileiron during the fourth quarter valued at about $634,000. FNY Partners Fund LP purchased a new position in shares of Mobileiron during the fourth quarter valued at about $185,000. Finally, State Street Corp boosted its position in shares of Mobileiron by 2.7% in the fourth quarter. State Street Corp now owns 657,148 shares of the company’s stock valued at $2,465,000 after buying an additional 17,291 shares during the last quarter. 48.27% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Mobileiron (NASDAQ:MOBL)

Mobileiron Inc (NASDAQ:MOBL) opened at 4.60 on Monday. The firm has a 50-day moving average price of $4.55 and a 200 day moving average price of $3.88. The stock’s market capitalization is $343.38 million. Mobileiron Inc has a 12 month low of $2.56 and a 12 month high of $5.00.

Mobileiron (NASDAQ:MOBL) last released its quarterly earnings results on Tuesday, February 7th. The company reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. The firm earned $45.50 million during the quarter, compared to analyst estimates of $45.10 million. Mobileiron had a negative return on equity of 125.66% and a negative net margin of 40.98%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.07) EPS. Equities analysts anticipate that Mobileiron Inc will post ($0.19) earnings per share for the current year.

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Several research analysts have issued reports on the company. Zacks Investment Research raised Mobileiron from a “hold” rating to a “buy” rating and set a $5.50 target price on the stock in a research report on Tuesday, February 14th. Northland Securities reissued an “outperform” rating and issued a $6.00 target price on shares of Mobileiron in a research report on Sunday, November 20th. Imperial Capital reissued an “outperform” rating and issued a $5.50 target price (up from $4.50) on shares of Mobileiron in a research report on Wednesday, February 8th. Finally, Instinet reissued a “buy” rating and issued a $5.50 target price on shares of Mobileiron in a research report on Saturday, January 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. Mobileiron presently has a consensus rating of “Buy” and a consensus target price of $4.97.

Mobileiron Company Profile

MobileIron, Inc, formerly Mobile Iron, Inc, provides a purpose-built mobile Information Technology (IT) platform for enterprises to secure and manage mobile applications, content and devices. The Company offers its customers the flexibility to use its software as a cloud service or to deploy it on premise.

5 Day Chart for NASDAQ:MOBL

Want to see what other hedge funds are holding MOBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mobileiron Inc (NASDAQ:MOBL).

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