Kettle Hill Capital Management LLC bought a new stake in shares of MobileIron, Inc. (NASDAQ:MOBL) during the fourth quarter, Holdings Channel reports. The firm bought 208,639 shares of the company’s stock, valued at approximately $782,000. Kettle Hill Capital Management LLC owned about 0.28% of MobileIron at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the stock. FNY Partners Fund LP acquired a new stake in shares of MobileIron during the fourth quarter worth $185,000. Hillhouse Capital Management Ltd. acquired a new stake in shares of MobileIron during the third quarter worth $2,787,000. Bank of New York Mellon Corp raised its stake in shares of MobileIron by 5.7% in the second quarter. Bank of New York Mellon Corp now owns 199,575 shares of the company’s stock worth $608,000 after buying an additional 10,775 shares during the last quarter. Capital World Investors raised its stake in shares of MobileIron by 25.3% in the third quarter. Capital World Investors now owns 3,044,353 shares of the company’s stock worth $8,372,000 after buying an additional 615,000 shares during the last quarter. Finally, Unterberg Capital LLC acquired a new stake in shares of MobileIron during the fourth quarter worth $1,002,000. Institutional investors and hedge funds own 48.27% of the company’s stock.
Shares of MobileIron, Inc. (NASDAQ:MOBL) traded down 1.02% on Monday, reaching $4.85. 472,932 shares of the company’s stock were exchanged. MobileIron, Inc. has a one year low of $2.56 and a one year high of $5.00. The company’s 50 day moving average is $4.24 and its 200-day moving average is $3.65. The stock’s market cap is $362.04 million.
MobileIron (NASDAQ:MOBL) last announced its quarterly earnings results on Tuesday, February 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.02. MobileIron had a negative return on equity of 125.66% and a negative net margin of 40.98%. The company earned $45.50 million during the quarter, compared to the consensus estimate of $45.10 million. During the same period in the previous year, the company posted ($0.07) earnings per share. MobileIron’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts anticipate that MobileIron, Inc. will post ($0.19) EPS for the current year.
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A number of brokerages have recently weighed in on MOBL. Wunderlich boosted their price objective on shares of MobileIron from $3.00 to $4.00 and gave the stock a “hold” rating in a report on Friday, October 28th. Instinet restated a “buy” rating and issued a $5.50 price objective on shares of MobileIron in a report on Saturday, January 14th. Imperial Capital restated an “outperform” rating and issued a $5.50 price objective (up from $4.50) on shares of MobileIron in a report on Wednesday, February 8th. Zacks Investment Research lowered shares of MobileIron from a “buy” rating to a “hold” rating in a report on Thursday, December 29th. Finally, Northland Securities restated an “outperform” rating and issued a $6.00 price objective on shares of MobileIron in a report on Sunday, November 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. MobileIron currently has an average rating of “Hold” and a consensus target price of $4.81.
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.
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