MobileIron Inc. (NASDAQ:MOBL) shares saw strong trading volume on Wednesday . 359,839 shares changed hands during trading, an increase of 56% from the previous session’s volume of 230,341 shares.The stock last traded at $3.22 and had previously closed at $3.21.

Several research analysts have commented on the company. Zacks Investment Research downgraded MobileIron from a “buy” rating to a “hold” rating in a research note on Thursday, April 7th. Sterne Agee CRT initiated coverage on MobileIron in a research note on Tuesday, April 5th. They issued a “buy” rating and a $7.50 price objective for the company. Wunderlich reaffirmed a “buy” rating and issued a $7.00 price objective (down previously from $9.00) on shares of MobileIron in a research note on Friday, April 29th. Imperial Capital reaffirmed an “outperform” rating and issued a $4.50 price objective on shares of MobileIron in a research note on Monday. Finally, Barclays PLC downgraded MobileIron from an “overweight” rating to an “underweight” rating and lowered their price objective for the company from $6.00 to $3.00 in a research note on Friday, July 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $5.64.

The company’s 50 day moving average is $3.19 and its 200 day moving average is $3.60. The company’s market cap is $241.11 million.

MobileIron, Inc, formerly Mobile Iron, Inc, provides a purpose-built mobile Information Technology (IT) platform for enterprises to secure and manage mobile applications, content and devices. The Company offers its customers the flexibility to use its software as a cloud service or to deploy it on premise.

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