American International Group Inc. boosted its stake in shares of MobileIron, Inc. (NASDAQ:MOBL) by 7.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,640 shares of the software maker’s stock after buying an additional 1,904 shares during the period. American International Group Inc.’s holdings in MobileIron were worth $125,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Bank of Montreal Can raised its stake in shares of 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 period. Essex Investment Management Co. LLC purchased a new stake in shares of MobileIron during the first quarter valued at $120,000. UBS Asset Management Americas Inc. bought a new stake in shares of MobileIron during the first quarter valued at approximately $136,000. JPMorgan Chase & Co. increased its stake in shares of MobileIron by 320.7% in the first quarter. JPMorgan Chase & Co. now owns 31,878 shares of the software maker’s stock valued at $139,000 after buying an additional 24,301 shares in the last quarter. Finally, TFS Capital LLC bought a new stake in shares of MobileIron during the first quarter valued at approximately $159,000. Institutional investors and hedge funds own 49.92% of the company’s stock.
Shares of MobileIron, Inc. (NASDAQ MOBL) opened at 3.90 on Friday. The company’s market cap is $291.13 million. The firm has a 50 day moving average price of $5.14 and a 200-day moving average price of $4.99. MobileIron, Inc. has a 12 month low of $2.56 and a 12 month high of $6.78.
MobileIron (NASDAQ:MOBL) last announced its quarterly earnings results on Thursday, July 27th. The software maker reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.08. The firm had revenue of $42.65 million for the quarter, compared to the consensus estimate of $43.44 million. MobileIron had a negative return on equity of 136.81% and a negative net margin of 32.67%. The business’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.14) earnings per share. Analysts anticipate that MobileIron, Inc. will post ($0.19) earnings per share for the current fiscal year.
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Several research analysts recently weighed in on MOBL shares. Northland Securities reissued a “buy” rating and set a $7.00 price target on shares of MobileIron in a research report on Friday, July 14th. BidaskClub lowered MobileIron from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Barclays PLC reaffirmed a “sell” rating and issued a $5.00 target price on shares of MobileIron in a research report on Wednesday, July 19th. ValuEngine raised MobileIron from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Benchmark Co. started coverage on MobileIron in a research report on Tuesday, April 25th. They issued a “buy” rating and a $7.00 target price on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $5.28.
In other news, VP Laurel Finch sold 4,676 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $6.33, for a total transaction of $29,599.08. Following the completion of the sale, the vice president now owns 287,236 shares in the company, valued at $1,818,203.88. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Aaref Hilaly sold 15,133 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $5.10, for a total value of $77,178.30. Following the sale, the director now owns 68,424 shares of the company’s stock, valued at approximately $348,962.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 562,147 shares of company stock worth $2,893,567. Company insiders own 31.70% of the company’s stock.
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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