MobileIron, Inc. (MOBL) Stake Raised by Unterberg Capital LLC
Unterberg Capital LLC boosted its stake in MobileIron, Inc. (NASDAQ:MOBL) by 18.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 820,000 shares of the software maker’s stock after buying an additional 124,896 shares during the period. MobileIron comprises 6.4% of Unterberg Capital LLC’s investment portfolio, making the stock its 4th largest position. Unterberg Capital LLC owned about 1.10% of MobileIron worth $4,961,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of MOBL. Bank of America Corp DE raised its position in MobileIron by 0.5% in the first quarter. Bank of America Corp DE now owns 62,960 shares of the software maker’s stock valued at $274,000 after buying an additional 311 shares during the period. Prudential Financial Inc. raised its position in MobileIron by 4.8% in the second quarter. Prudential Financial Inc. now owns 26,090 shares of the software maker’s stock valued at $158,000 after buying an additional 1,200 shares during the period. American International Group Inc. raised its position in MobileIron by 7.1% in the first quarter. American International Group Inc. now owns 28,640 shares of the software maker’s stock valued at $125,000 after buying an additional 1,904 shares during the period. Goldman Sachs Group Inc. raised its position in MobileIron by 3.8% in the first quarter. Goldman Sachs Group Inc. now owns 68,375 shares of the software maker’s stock valued at $297,000 after buying an additional 2,533 shares during the period. Finally, Russell Investments Group Ltd. raised its position in MobileIron by 12.0% in the second quarter. Russell Investments Group Ltd. now owns 66,034 shares of the software maker’s stock valued at $399,000 after buying an additional 7,100 shares during the period. Hedge funds and other institutional investors own 54.87% of the company’s stock.
Shares of MobileIron, Inc. (NASDAQ:MOBL) traded up 0.667% on Tuesday, reaching $3.775. 15,115 shares of the company’s stock were exchanged. The firm’s market capitalization is $281.80 million. MobileIron, Inc. has a one year low of $2.56 and a one year high of $6.78. The firm has a 50 day moving average of $4.88 and a 200 day moving average of $4.97.
MobileIron (NASDAQ:MOBL) last released its earnings results on Thursday, July 27th. The software maker reported ($0.08) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.08. The company had revenue of $42.65 million during the quarter, compared to analysts’ expectations of $43.44 million. MobileIron had a negative return on equity of 136.81% and a negative net margin of 32.67%. The business’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.14) EPS. On average, equities research analysts predict that MobileIron, Inc. will post ($0.19) EPS for the current year.
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Several research firms recently commented on MOBL. Northland Securities reiterated a “buy” rating and set a $7.00 price objective on shares of MobileIron in a research note on Friday, July 14th. BidaskClub lowered shares of MobileIron from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Barclays PLC reiterated a “sell” rating and set a $5.00 price objective on shares of MobileIron in a research note on Wednesday, July 19th. Finally, ValuEngine upgraded shares of MobileIron from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. MobileIron has an average rating of “Hold” and a consensus price target of $5.28.
In related news, Director Robert B. Tinker sold 30,000 shares of the firm’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $5.39, for a total transaction of $161,700.00. Following the transaction, the director now directly owns 67,126 shares in the company, valued at $361,809.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Laurel Finch sold 4,676 shares of the firm’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 transaction, the vice president now owns 287,236 shares in the company, valued at $1,818,203.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,014 shares of company stock valued at $266,388. Company 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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