Mobileiron Inc (NASDAQ:MOBL) CEO Simon Biddiscombe Sells 105,800 Shares of Stock
Mobileiron Inc (NASDAQ:MOBL) CEO Simon Biddiscombe sold 105,800 shares of Mobileiron stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $6.93, for a total transaction of $733,194.00. Following the transaction, the chief executive officer now directly owns 1,371,863 shares of the company’s stock, valued at approximately $9,507,010.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NASDAQ:MOBL opened at $6.23 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a fifty day simple moving average of $5.05 and a two-hundred day simple moving average of $4.55. Mobileiron Inc has a 12 month low of $2.94 and a 12 month high of $7.79.
Mobileiron (NASDAQ:MOBL) last posted its quarterly earnings results on Wednesday, July 29th. The software maker reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.07. The business had revenue of $58.93 million during the quarter, compared to analysts’ expectations of $49.91 million. Mobileiron had a negative net margin of 17.37% and a negative return on equity of 96.72%. The business’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the company posted ($0.04) earnings per share. Equities research analysts anticipate that Mobileiron Inc will post -0.4 earnings per share for the current year.
Large investors have recently bought and sold shares of the business. Point72 Hong Kong Ltd grew its holdings in Mobileiron by 2,617.0% in the fourth quarter. Point72 Hong Kong Ltd now owns 6,249 shares of the software maker’s stock worth $30,000 after purchasing an additional 6,019 shares during the period. Advisor Group Holdings Inc. acquired a new stake in Mobileiron in the first quarter worth $55,000. Arizona State Retirement System acquired a new position in shares of Mobileiron during the first quarter valued at about $60,000. Aperio Group LLC acquired a new position in shares of Mobileiron during the first quarter valued at about $67,000. Finally, Balyasny Asset Management LLC acquired a new position in shares of Mobileiron during the first quarter valued at about $67,000. Institutional investors and hedge funds own 66.85% of the company’s stock.
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.
Further Reading: How is an ETF different from a mutual fund?
Receive News & Ratings for Mobileiron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mobileiron and related companies with MarketBeat.com's FREE daily email newsletter.