Mobileiron (MOBL) Upgraded to “Hold” at ValuEngine

Mobileiron (NASDAQ:MOBL) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other research firms also recently issued reports on MOBL. Northland Securities set a $7.00 price objective on Mobileiron and gave the stock a “buy” rating in a research note on Friday. BidaskClub raised Mobileiron from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research downgraded Mobileiron from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Roth Capital began coverage on Mobileiron in a research note on Wednesday, January 17th. They issued a “buy” rating and a $7.00 price objective on the stock. Finally, Imperial Capital downgraded Mobileiron from an “outperform” rating to an “in-line” rating and reduced their price objective for the stock from $5.50 to $4.00 in a research note on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $6.00.

Mobileiron (MOBL) traded up $0.80 during trading hours on Friday, reaching $4.80. The company’s stock had a trading volume of 1,964,396 shares, compared to its average volume of 403,918. Mobileiron has a 1-year low of $3.20 and a 1-year high of $6.78. The company has a market cap of $461.07, a P/E ratio of -7.50 and a beta of 2.69.

In other news, VP Daniel C. Fields sold 14,404 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $3.90, for a total transaction of $56,175.60. Following the transaction, the vice president now owns 356,250 shares of the company’s stock, valued at approximately $1,389,375. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Daniel C. Fields sold 17,890 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $3.89, for a total value of $69,592.10. Following the transaction, the vice president now directly owns 344,765 shares in the company, valued at approximately $1,341,135.85. The disclosure for this sale can be found here. Insiders own 31.70% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of Mobileiron during the 4th quarter valued at approximately $135,000. Prudential Financial Inc. increased its position in shares of Mobileiron by 4.8% during the 2nd quarter. Prudential Financial Inc. now owns 26,090 shares of the software maker’s stock valued at $158,000 after purchasing an additional 1,200 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Mobileiron during the 3rd quarter valued at approximately $162,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Mobileiron during the 3rd quarter valued at approximately $179,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Mobileiron during the 2nd quarter valued at approximately $185,000. 51.76% of the stock is currently owned by hedge funds and other institutional investors.

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About Mobileiron

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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