Mobileiron Inc (NASDAQ:MOBL) saw a significant 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. Based on an average trading volume of 1,020,000 shares, the short-interest ratio is currently 2.0 days. Currently, 2.2% of the shares of the company are short sold.
Shares of MOBL stock traded up $0.02 during trading on Friday, hitting $4.50. The company had a trading volume of 1,798,300 shares, compared to its average volume of 973,145. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a market capitalization of $489.25 million, a P/E ratio of -10.23 and a beta of 1.49. The stock’s 50-day moving average price is $4.81 and its 200 day moving average price is $5.73. Mobileiron has a one year low of $4.38 and a one year high of $7.79.
Mobileiron (NASDAQ:MOBL) last released its earnings results on Thursday, February 6th. The software maker reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.05. Mobileiron had a negative return on equity of 107.76% and a negative net margin of 23.80%. The firm had revenue of $54.12 million during the quarter, compared to analysts’ expectations of $54.98 million. During the same period in the prior year, the company earned $0.03 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. On average, research analysts anticipate that Mobileiron will post -0.27 earnings per share for the current fiscal year.
In other news, SVP Gregory Randolph sold 19,991 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $4.53, for a total transaction of $90,559.23. Following the completion of the sale, the senior vice president now owns 384,050 shares in the company, valued at $1,739,746.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Sohail M. Parekh sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $4.80, for a total value of $192,000.00. Following the sale, the vice president now owns 415,835 shares of the company’s stock, valued at approximately $1,996,008. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 99,991 shares of company stock valued at $463,759. Corporate insiders own 13.48% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd boosted its position in Mobileiron by 2,617.0% during the fourth quarter. Point72 Hong Kong Ltd now owns 6,249 shares of the software maker’s stock valued at $30,000 after acquiring an additional 6,019 shares during the last quarter. Jane Street Group LLC bought a new stake in Mobileiron during the fourth quarter valued at $357,000. Schonfeld Strategic Advisors LLC boosted its position in Mobileiron by 234.2% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 37,764 shares of the software maker’s stock valued at $183,000 after acquiring an additional 26,464 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Mobileiron by 31.2% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,663,793 shares of the software maker’s stock valued at $8,086,000 after acquiring an additional 395,860 shares during the last quarter. Finally, UBS Group AG boosted its position in Mobileiron by 28.7% during the fourth quarter. UBS Group AG now owns 192,655 shares of the software maker’s stock valued at $936,000 after acquiring an additional 42,984 shares during the last quarter. Hedge funds and other institutional investors own 64.43% of the company’s stock.
MOBL has been the subject of several recent research reports. ValuEngine upgraded Mobileiron from a “hold” rating to a “buy” rating in a research note on Tuesday, February 4th. BidaskClub cut Mobileiron from a “hold” rating to a “sell” rating in a research note on Wednesday. Zacks Investment Research cut Mobileiron from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Northland Securities reiterated a “buy” rating on shares of Mobileiron in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $8.31.
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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