MobileIron, Inc. (MOBL) VP Daniel C. Fields Sells 52,383 Shares
MobileIron, Inc. (NASDAQ:MOBL) VP Daniel C. Fields sold 52,383 shares of the company’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $3.77, for a total transaction of $197,483.91. Following the sale, the vice president now directly owns 423,037 shares in the company, valued at $1,594,849.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
MobileIron, Inc. (NASDAQ:MOBL) traded up 4.70% during mid-day trading on Friday, hitting $3.90. 383,307 shares of the stock traded hands. The stock’s market capitalization is $291.13 million. MobileIron, Inc. has a one year low of $2.56 and a one year high of $6.78. The company has a 50 day moving average price of $4.33 and a 200-day moving average price of $4.91.
MobileIron (NASDAQ:MOBL) last announced its quarterly earnings results on Thursday, July 27th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.08. The company had revenue of $42.65 million for the quarter, compared to analyst estimates of $43.44 million. MobileIron had a negative net margin of 32.67% and a negative return on equity of 136.81%. The firm’s revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.14) EPS. Equities analysts anticipate that MobileIron, Inc. will post ($0.19) earnings per share for the current fiscal year.
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Several analysts have weighed in on the stock. Barclays PLC reaffirmed a “sell” rating and set a $5.00 price objective on shares of MobileIron in a research note on Wednesday, July 19th. Northland Securities reaffirmed a “buy” rating and set a $7.00 price objective on shares of MobileIron in a research note on Friday, July 14th. BidaskClub cut shares of MobileIron from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Finally, ValuEngine raised shares of MobileIron from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $5.28.
Several institutional investors have recently made changes to their positions in MOBL. Bank of Montreal Can grew its holdings in shares of MobileIron by 26,262.0% during the 1st quarter. Bank of Montreal Can now owns 26,362 shares of the software maker’s stock valued at $114,000 after purchasing an additional 26,262 shares during the last quarter. American International Group Inc. grew its holdings in shares of MobileIron by 7.1% during the 1st quarter. American International Group Inc. now owns 28,640 shares of the software maker’s stock valued at $125,000 after purchasing an additional 1,904 shares during the last quarter. UBS Asset Management Americas Inc. bought a new stake in shares of MobileIron during the 1st quarter valued at approximately $136,000. JPMorgan Chase & Co. grew its holdings in shares of MobileIron by 320.7% during the 1st quarter. JPMorgan Chase & Co. now owns 31,878 shares of the software maker’s stock valued at $139,000 after purchasing an additional 24,301 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY bought a new stake in shares of MobileIron during the 1st quarter valued at approximately $154,000. 54.87% of the stock is currently owned by institutional investors.
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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