MobileIron, Inc. (NASDAQ:MOBL) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

A number of other research analysts also recently issued reports on MOBL. Northland Securities restated a “buy” rating and issued a $7.00 price objective on shares of MobileIron in a research note on Friday, July 14th. BidaskClub downgraded MobileIron from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, Barclays PLC restated a “sell” rating and issued a $5.00 target price on shares of MobileIron in a research note on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $5.28.

Shares of MobileIron (MOBL) traded up 2.63% during trading on Friday, hitting $3.90. 548,119 shares of the stock traded hands. The firm’s market cap is $291.13 million. MobileIron has a 52 week low of $2.56 and a 52 week high of $6.78. The company has a 50-day moving average of $4.57 and a 200-day moving average of $4.93.

MobileIron (NASDAQ:MOBL) last issued its earnings results on Thursday, July 27th. The software maker reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.08. The company had revenue of $42.65 million for the quarter, compared to analyst estimates of $43.44 million. MobileIron had a negative return on equity of 136.81% and a negative net margin of 32.67%. MobileIron’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.14) earnings per share. On average, analysts forecast that MobileIron will post ($0.19) EPS for the current fiscal year.

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In other news, Director Robert B. Tinker sold 10,000 shares of the business’s stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $6.05, for a total value of $60,500.00. Following the completion of the transaction, the director now owns 67,126 shares in the company, valued at $406,112.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Laurel Finch sold 4,676 shares of the business’s stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $6.33, for a total value 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 17,014 shares of company stock valued at $104,688 in the last quarter. 31.70% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of MOBL. State Street Corp boosted its stake 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. Bank of Montreal Can raised its stake in MobileIron by 26,262.0% in the first quarter. Bank of Montreal Can now owns 26,362 shares of the software maker’s stock valued at $114,000 after buying an additional 26,262 shares in the last quarter. Acadian Asset Management LLC bought a new stake in MobileIron during the first quarter valued at about $410,000. Strs Ohio bought a new stake in MobileIron during the first quarter valued at about $206,000. Finally, Essex Investment Management Co. LLC bought a new stake in MobileIron during the first quarter valued at about $120,000. Institutional investors own 54.87% of the company’s stock.

About MobileIron

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.

Analyst Recommendations for MobileIron (NASDAQ:MOBL)

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