Mobileiron Inc (NASDAQ:MOBL) was the recipient of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 2,080,000 shares, a decline of 26.0% from the January 15th total of 2,810,000 shares. Currently, 2.2% of the company’s shares are short sold. Based on an average daily volume of 1,020,000 shares, the short-interest ratio is presently 2.0 days.

A number of equities analysts recently commented on MOBL shares. Zacks Investment Research cut shares of Mobileiron from a “buy” rating to a “hold” rating in a research note on Friday. ValuEngine raised shares of Mobileiron from a “hold” rating to a “buy” rating in a research note on Tuesday, February 4th. Northland Securities reiterated a “buy” rating on shares of Mobileiron in a report on Friday, November 1st. Finally, BidaskClub lowered shares of Mobileiron from a “hold” rating to a “sell” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Mobileiron currently has an average rating of “Hold” and a consensus price target of $8.31.

In related news, VP Sohail M. Parekh sold 40,000 shares of Mobileiron stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $4.80, for a total transaction of $192,000.00. Following the completion of the transaction, the vice president now directly owns 415,835 shares of the company’s stock, valued at approximately $1,996,008. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Gregory Randolph sold 19,991 shares of Mobileiron stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $4.53, for a total transaction of $90,559.23. Following the transaction, the senior vice president now directly owns 384,050 shares of the company’s stock, valued at $1,739,746.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 99,991 shares of company stock valued at $463,759. 13.48% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. lifted its holdings in Mobileiron by 1,740.6% during the 3rd quarter. Meeder Asset Management Inc. now owns 4,307 shares of the software maker’s stock valued at $28,000 after buying an additional 4,073 shares in the last quarter. US Bancorp DE lifted its holdings in Mobileiron by 63.0% during the 4th quarter. US Bancorp DE now owns 5,854 shares of the software maker’s stock valued at $28,000 after buying an additional 2,263 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Mobileiron by 164.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,994 shares of the software maker’s stock valued at $29,000 after buying an additional 3,726 shares in the last quarter. Point72 Hong Kong Ltd lifted its holdings in Mobileiron by 2,617.0% during the 4th quarter. Point72 Hong Kong Ltd now owns 6,249 shares of the software maker’s stock valued at $30,000 after buying an additional 6,019 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust bought a new stake in Mobileiron during the 4th quarter valued at about $38,000. Institutional investors own 64.43% of the company’s stock.

MOBL traded up $0.02 on Friday, reaching $4.50. 1,798,300 shares of the company traded hands, compared to its average volume of 973,145. Mobileiron has a one year low of $4.38 and a one year high of $7.79. The firm has a fifty day simple moving average of $4.81 and a two-hundred day simple moving average of $5.73. The company has a market cap of $489.25 million, a P/E ratio of -10.23 and a beta of 1.49. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.25.

Mobileiron (NASDAQ:MOBL) last announced its quarterly earnings data on Thursday, February 6th. The software maker reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. Mobileiron had a negative net margin of 23.80% and a negative return on equity of 107.76%. The company had revenue of $54.12 million during the quarter, compared to analyst estimates of $54.98 million. During the same quarter last year, the business posted $0.03 EPS. The firm’s revenue for the quarter was up .1% on a year-over-year basis. On average, equities analysts forecast that Mobileiron will post -0.27 earnings per share for the current year.

Mobileiron Company Profile

MobileIron, Inc, together with its subsidiaries, provides mobile IT platform that enables enterprises to manage and secure mobile applications, content, and devices while offering their employees with device choice, privacy, and a native user experience worldwide. It offers MobileIron security platform, which includes MobileIron unified endpoint management, a comprehensive security platform that provides the fundamental visibility and IT controls to secure, manage, and monitor various corporate or employee-owned mobile devices or desktops that access business-critical data; MobileIron Access to block untrusted devices and apps from accessing cloud services based on security posture and compliance, as well as provide single sign-on and multifactor authentication for applications on the device; and MobileIron Tunnel that provides secure connectivity through a per-app VPN to connect applications to back-end services.

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