MobileIron, Inc. (MOBL) Position Boosted by State Street Corp
State Street Corp boosted its holdings in MobileIron, Inc. (NASDAQ:MOBL) by 24.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 873,693 shares of the software maker’s stock after buying an additional 173,155 shares during the quarter. State Street Corp owned approximately 0.93% of MobileIron worth $5,285,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of MOBL. American International Group Inc. grew its holdings in shares of MobileIron by 7.1% during the first quarter. American International Group Inc. now owns 28,640 shares of the software maker’s stock worth $125,000 after purchasing an additional 1,904 shares during the last quarter. Metropolitan Life Insurance Co. NY purchased a new position in shares of MobileIron during the first quarter worth about $154,000. Prudential Financial Inc. grew its holdings in shares of MobileIron by 4.8% during the second quarter. Prudential Financial Inc. now owns 26,090 shares of the software maker’s stock worth $158,000 after purchasing an additional 1,200 shares during the last quarter. Voya Investment Management LLC grew its holdings in shares of MobileIron by 16.0% during the second quarter. Voya Investment Management LLC now owns 31,203 shares of the software maker’s stock worth $189,000 after purchasing an additional 4,315 shares during the last quarter. Finally, New York State Common Retirement Fund grew its holdings in shares of MobileIron by 20.0% during the second quarter. New York State Common Retirement Fund now owns 42,600 shares of the software maker’s stock worth $258,000 after purchasing an additional 7,099 shares during the last quarter. 51.20% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MobileIron, Inc. (NASDAQ:MOBL) opened at $3.85 on Tuesday. MobileIron, Inc. has a 12 month low of $3.20 and a 12 month high of $6.78.
MobileIron (NASDAQ:MOBL) last announced its earnings results on Tuesday, October 31st. The software maker reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03). MobileIron had a negative return on equity of 164.43% and a negative net margin of 33.88%. The business had revenue of $42.72 million for the quarter, compared to analyst estimates of $42.69 million. During the same quarter last year, the company posted ($0.07) EPS. MobileIron’s quarterly revenue was up 2.8% on a year-over-year basis. equities research analysts anticipate that MobileIron, Inc. will post -0.61 earnings per share for the current year.
Several equities analysts have issued reports on the company. BidaskClub lowered MobileIron from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. ValuEngine lowered MobileIron from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Imperial Capital lowered MobileIron from an “outperform” rating to an “in-line” rating and dropped their price objective for the stock from $5.50 to $4.00 in a report on Wednesday, October 18th. Raymond James Financial reaffirmed a “market perform” rating on shares of MobileIron in a report on Wednesday, October 18th. Finally, UBS lowered MobileIron from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 18th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. MobileIron currently has a consensus rating of “Hold” and an average target price of $5.30.
In related news, VP Daniel C. Fields sold 15,600 shares of the firm’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $3.75, for a total value of $58,500.00. Following the completion of the sale, the vice president now owns 423,037 shares in the company, valued at $1,586,388.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Daniel C. Fields sold 14,404 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $3.90, for a total transaction of $56,175.60. Following the completion of the sale, the vice president now owns 356,250 shares of the company’s stock, valued at approximately $1,389,375. The disclosure for this sale can be found here. Insiders have sold 100,277 shares of company stock valued at $381,752 in the last quarter. Insiders own 31.70% of the company’s stock.
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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