MobileIron, Inc. (MOBL) Short Interest Down 31.6% in July
MobileIron, Inc. (NASDAQ:MOBL) saw a significant decline in short interest in July. As of July 31st, there was short interest totalling 883,340 shares, a decline of 31.6% from the July 14th total of 1,290,732 shares. Based on an average trading volume of 1,443,613 shares, the short-interest ratio is presently 0.6 days. Approximately 1.7% of the company’s stock are short sold.
Several analysts have commented on the stock. Barclays PLC reissued a “sell” rating and issued a $5.00 target price on shares of MobileIron in a research report on Wednesday, July 19th. Northland Securities reissued a “buy” rating and issued a $7.00 target price on shares of MobileIron in a research report on Friday, July 14th. BidaskClub downgraded shares of MobileIron from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. ValuEngine raised shares of MobileIron from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Benchmark Co. assumed coverage on shares of MobileIron in a research report on Tuesday, April 25th. They issued a “buy” rating and a $7.00 target price for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $5.28.
Shares of MobileIron (MOBL) opened at 3.95 on Monday. The firm’s market capitalization is $294.86 million. MobileIron has a 52 week low of $2.56 and a 52 week high of $6.78. The stock has a 50 day moving average of $5.47 and a 200-day moving average of $5.00.
MobileIron (NASDAQ:MOBL) last posted its earnings results on Thursday, July 27th. The software maker reported ($0.08) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.08. MobileIron had a negative return on equity of 136.81% and a negative net margin of 32.67%. The company had revenue of $42.65 million during the quarter, compared to the consensus estimate of $43.44 million. During the same quarter last year, the firm earned ($0.14) earnings per share. The company’s revenue was up 9.6% on a year-over-year basis. Equities analysts anticipate that MobileIron will post ($0.19) earnings per share for the current fiscal year.
In other MobileIron news, Director Aaref Hilaly sold 15,133 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $5.10, for a total value of $77,178.30. Following the completion of the sale, the director now directly owns 68,424 shares of the company’s stock, valued at $348,962.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 directly owns 287,236 shares of the company’s stock, valued at $1,818,203.88. The disclosure for this sale can be found here. Insiders sold 562,147 shares of company stock valued at $2,893,567 over the last three months. Insiders own 31.70% of the company’s stock.
Several large investors have recently bought and sold shares of MOBL. Bank of Montreal Can increased its stake 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 worth $114,000 after buying an additional 26,262 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in MobileIron during the first quarter worth $120,000. American International Group Inc. increased its stake in MobileIron by 7.1% in the first quarter. American International Group Inc. now owns 28,640 shares of the software maker’s stock worth $125,000 after buying an additional 1,904 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new stake in MobileIron during the first quarter worth $136,000. Finally, JPMorgan Chase & Co. increased its stake in MobileIron by 320.7% in the first quarter. JPMorgan Chase & Co. now owns 31,878 shares of the software maker’s stock worth $139,000 after buying an additional 24,301 shares in the last quarter. 49.59% of the stock is owned by institutional investors.
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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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