Mobileiron Inc (NASDAQ:MOBL) Director Robert B. Tinker sold 30,000 shares of the business’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $5.15, for a total transaction of $154,500.00. Following the transaction, the director now directly owns 67,126 shares in the company, valued at approximately $345,698.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Mobileiron Inc (NASDAQ:MOBL) remained flat at $5.40 during trading on Friday. The company’s stock had a trading volume of 703,646 shares. Mobileiron Inc has a 52 week low of $2.56 and a 52 week high of $5.50. The firm has a 50 day moving average of $4.50 and a 200 day moving average of $4.28. The stock’s market cap is $403.10 million.
Mobileiron (NASDAQ:MOBL) last posted its quarterly earnings data on Thursday, April 27th. The software maker reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.05. The firm had revenue of $42.29 million for the quarter, compared to analysts’ expectations of $41.88 million. Mobileiron had a negative return on equity of 125.66% and a negative net margin of 40.98%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the business earned ($0.13) EPS. Equities analysts anticipate that Mobileiron Inc will post ($0.18) EPS for the current fiscal year.
MOBL has been the topic of a number of research reports. Zacks Investment Research raised shares of 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. Benchmark Co. initiated coverage on shares of Mobileiron in a research report on Tuesday, April 25th. They set a “buy” rating and a $7.00 target price on the stock. Imperial Capital reaffirmed an “outperform” rating and set a $5.50 target price (up previously from $4.50) on shares of Mobileiron in a research report on Wednesday, February 8th. Finally, Instinet reaffirmed a “buy” rating and set a $5.50 target price on shares of Mobileiron in a research report on Saturday, January 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. Mobileiron presently has a consensus rating of “Hold” and an average price target of $4.91.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of Montreal Can boosted its position in Mobileiron by 26,262.0% in the first quarter. Bank of Montreal Can now owns 26,362 shares of the software maker’s stock valued at $114,000 after buying an additional 26,262 shares during the last quarter. Teza Capital Management LLC purchased a new position in Mobileiron during the fourth quarter valued at $116,000. Essex Investment Management Co. LLC purchased a new position in Mobileiron during the first quarter valued at $120,000. American International Group Inc. boosted its position in Mobileiron by 7.1% in the first quarter. American International Group Inc. now owns 28,640 shares of the software maker’s stock valued at $125,000 after buying an additional 1,904 shares during the last quarter. Finally, UBS Asset Management Americas Inc. purchased a new position in Mobileiron during the first quarter valued at $136,000. Hedge funds and other institutional investors own 48.27% of the company’s stock.
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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