Russell Investments Group Ltd. Has $399,000 Stake in MobileIron, Inc. (MOBL)
Russell Investments Group Ltd. lifted its stake in shares of MobileIron, Inc. (NASDAQ:MOBL) by 12.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 66,034 shares of the software maker’s stock after acquiring an additional 7,100 shares during the period. Russell Investments Group Ltd. owned 0.07% of MobileIron worth $399,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its holdings in shares of MobileIron by 3.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 68,375 shares of the software maker’s stock worth $297,000 after acquiring an additional 2,533 shares during the period. Driehaus Capital Management LLC purchased a new position in shares of MobileIron during the 1st quarter worth $297,000. Metropolitan Life Insurance Co. NY purchased a new position in shares of MobileIron during the 1st quarter worth $154,000. Highbridge Capital Management LLC purchased a new position in shares of MobileIron during the 1st quarter worth $421,000. Finally, Bank of America Corp DE raised its holdings in shares of MobileIron by 0.5% during the 1st quarter. Bank of America Corp DE now owns 62,960 shares of the software maker’s stock worth $274,000 after acquiring an additional 311 shares during the period. Institutional investors and hedge funds own 54.87% of the company’s stock.
Shares of MobileIron, Inc. (NASDAQ MOBL) traded up 0.000% during mid-day trading on Friday, reaching $3.525. 184,026 shares of the company traded hands. The stock’s market capitalization is $263.13 million. MobileIron, Inc. has a 52-week low of $2.56 and a 52-week high of $6.78. The company’s 50 day moving average is $3.95 and its 200 day moving average is $4.86.
MobileIron (NASDAQ:MOBL) last released its earnings results on Thursday, July 27th. The software maker reported ($0.08) earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $42.65 million for the quarter, compared to the consensus estimate of $43.44 million. During the same period in the prior year, the business posted ($0.14) earnings per share. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, equities analysts forecast that MobileIron, Inc. will post ($0.19) earnings per share for the current year.
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In related news, VP Daniel C. Fields sold 52,383 shares of the 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 transaction, the vice president now directly owns 423,037 shares in the company, valued at $1,594,849.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Daniel C. Fields sold 15,600 shares of the stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $3.75, for a total value of $58,500.00. Following the transaction, the vice president now owns 423,037 shares in the company, valued at $1,586,388.75. The disclosure for this sale can be found here. Corporate insiders own 31.70% of the company’s stock.
Several analysts recently issued reports on MOBL shares. ValuEngine upgraded shares of MobileIron from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Northland Securities restated a “buy” rating and issued a $7.00 price objective on shares of MobileIron in a report on Friday, July 14th. Barclays PLC restated a “sell” rating and issued a $5.00 price objective on shares of MobileIron in a report on Wednesday, July 19th. Finally, BidaskClub lowered shares of MobileIron from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $5.64.
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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