Mobileiron Inc (NASDAQ:MOBL) announced its quarterly earnings data on Thursday, July 27th. The software maker reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.08, Bloomberg Earnings reports. Mobileiron had a negative return on equity of 206.47% and a negative net margin of 43.48%. The company had revenue of $42.65 million during the quarter, compared to the consensus estimate of $43.44 million. During the same quarter in the prior year, the firm earned ($0.14) EPS. The company’s quarterly revenue was up 9.6% compared to the same quarter last year.
Mobileiron (NASDAQ:MOBL) traded down 3.468% during trading on Tuesday, reaching $4.175. 204,163 shares of the company’s stock traded hands. The firm’s market cap is $311.66 million. Mobileiron has a 12 month low of $2.56 and a 12 month high of $6.78. The firm has a 50 day moving average price of $5.96 and a 200-day moving average price of $5.02.
In other news, major shareholder Sc Xii Management Llc sold 500,000 shares of Mobileiron stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $5.10, for a total value of $2,550,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Laurel Finch sold 4,676 shares of Mobileiron stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $6.33, for a total transaction of $29,599.08. Following the completion of the transaction, the vice president now owns 287,236 shares of the company’s stock, valued at approximately $1,818,203.88. The disclosure for this sale can be found here. Insiders have sold 569,259 shares of company stock valued at $2,930,122 in the last 90 days. 31.70% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Mobileiron by 10.3% in the first quarter. Vanguard Group Inc. now owns 2,627,541 shares of the software maker’s stock worth $11,429,000 after buying an additional 246,150 shares during the period. Renaissance Technologies LLC raised its position in Mobileiron by 23.2% in the first quarter. Renaissance Technologies LLC now owns 1,125,000 shares of the software maker’s stock worth $4,894,000 after buying an additional 211,500 shares during the period. Formula Growth Ltd. purchased a new position in Mobileiron during the first quarter worth approximately $3,114,000. State Street Corp raised its position in Mobileiron by 2.7% in the fourth quarter. State Street Corp now owns 657,148 shares of the software maker’s stock worth $2,465,000 after buying an additional 17,291 shares during the period. Finally, Geode Capital Management LLC raised its position in Mobileiron by 12.6% in the first quarter. Geode Capital Management LLC now owns 393,182 shares of the software maker’s stock worth $1,710,000 after buying an additional 43,912 shares during the period. Hedge funds and other institutional investors own 49.59% of the company’s stock.
MOBL has been the subject of a number of recent research reports. Zacks Investment Research downgraded Mobileiron from a “buy” rating to a “hold” rating in a research report on Wednesday, April 12th. Benchmark Co. started coverage on Mobileiron in a research report on Tuesday, April 25th. They set a “buy” rating and a $7.00 price objective for the company. ValuEngine raised shares of Mobileiron from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Northland Securities reissued a “buy” rating and set a $7.00 target price on shares of Mobileiron in a research note on Friday, July 14th. Finally, Barclays PLC reissued a “sell” rating and set a $5.00 target price on shares of Mobileiron in a research note on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Mobileiron has an average rating of “Hold” and a consensus price target of $5.28.
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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