Greenhouse Funds LLLP lifted its holdings in shares of Mobileiron Inc (NASDAQ:MOBL) by 30.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,660,285 shares of the software maker’s stock after buying an additional 626,516 shares during the quarter. Mobileiron makes up approximately 2.9% of Greenhouse Funds LLLP’s investment portfolio, making the stock its 15th largest position. Greenhouse Funds LLLP owned approximately 2.77% of Mobileiron worth $10,375,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Mobileiron in the 4th quarter valued at $135,000. Jane Street Group LLC acquired a new position in Mobileiron in the 3rd quarter valued at $162,000. Dynamic Technology Lab Private Ltd acquired a new position in Mobileiron in the 3rd quarter valued at $179,000. Voya Investment Management LLC raised its stake in Mobileiron by 16.0% in the 2nd quarter. Voya Investment Management LLC now owns 31,203 shares of the software maker’s stock valued at $189,000 after purchasing an additional 4,315 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in Mobileiron by 20.0% in the 2nd quarter. New York State Common Retirement Fund now owns 42,600 shares of the software maker’s stock valued at $258,000 after purchasing an additional 7,099 shares during the last quarter. 48.41% of the stock is owned by institutional investors and hedge funds.
Shares of Mobileiron Inc (NASDAQ MOBL) opened at $4.75 on Wednesday. The stock has a market capitalization of $456.27, a price-to-earnings ratio of -7.92 and a beta of 2.44. Mobileiron Inc has a twelve month low of $3.20 and a twelve month high of $6.78.
Several research analysts recently commented on MOBL shares. Zacks Investment Research raised Mobileiron from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Northland Securities set a $7.00 price objective on Mobileiron and gave the company a “buy” rating in a research note on Friday, February 9th. Roth Capital started coverage on Mobileiron in a research note on Wednesday, January 17th. They issued a “buy” rating and a $7.00 price objective for the company. BidaskClub raised Mobileiron from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, ValuEngine raised Mobileiron from a “sell” rating to a “hold” rating in a research note on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $6.35.
In other Mobileiron news, VP Daniel C. Fields sold 71,875 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $5.14, for a total value of $369,437.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Aaref Hilaly sold 7,566 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $5.10, for a total value of $38,586.60. Following the completion of the sale, the director now owns 100,534 shares of the company’s stock, valued at $512,723.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 154,761 shares of company stock valued at $776,446. 31.70% of the stock is owned by company insiders.
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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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