MobileIron, Inc. (NASDAQ:MOBL) shares saw unusually-strong trading volume on Wednesday . Approximately 1,168,847 shares were traded during mid-day trading, an increase of 83% from the previous session’s volume of 637,838 shares.The stock last traded at $3.95 and had previously closed at $3.85.

Several equities research analysts recently weighed in on MOBL shares. Zacks Investment Research downgraded shares of MobileIron from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Raymond James Financial reiterated a “market perform” rating on shares of MobileIron in a research report on Wednesday, October 18th. Imperial Capital cut shares of MobileIron from an “outperform” rating to an “in-line” rating and dropped their price target for the stock from $5.50 to $4.00 in a research report on Wednesday, October 18th. UBS cut shares of MobileIron from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 18th. Finally, Northland Securities set a $5.00 price target on shares of MobileIron and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. MobileIron currently has a consensus rating of “Hold” and a consensus price target of $5.30.

MobileIron (NASDAQ:MOBL) last released its earnings results on Tuesday, October 31st. The software maker reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.03). MobileIron had a negative net margin of 33.88% and a negative return on equity of 164.43%. The business had revenue of $42.72 million for the quarter, compared to analysts’ expectations of $42.69 million. During the same period last year, the firm earned ($0.07) EPS. The company’s revenue was up 2.8% compared to the same quarter last year. research analysts predict that MobileIron, Inc. will post -0.61 earnings per share for the current fiscal year.

In other news, VP Daniel C. Fields sold 14,404 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $3.90, for a total transaction of $56,175.60. Following the completion of the transaction, the vice president now directly owns 356,250 shares in the company, valued at $1,389,375. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Daniel C. Fields sold 17,890 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $3.89, for a total value of $69,592.10. Following the transaction, the vice president now owns 344,765 shares of the company’s stock, valued at $1,341,135.85. The disclosure for this sale can be found here. Insiders own 31.70% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its stake in shares of 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 purchasing an additional 311 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of 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 purchasing an additional 1,200 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of 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 purchasing an additional 2,533 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of MobileIron by 4.0% in the second quarter. California State Teachers Retirement System now owns 97,189 shares of the software maker’s stock valued at $588,000 after purchasing an additional 3,700 shares in the last quarter. Finally, Voya Investment Management LLC raised its stake in shares of MobileIron by 16.0% in the second quarter. Voya Investment Management LLC now owns 31,203 shares of the software maker’s stock valued at $189,000 after purchasing an additional 4,315 shares in the last quarter. Institutional investors and hedge funds own 51.15% of the company’s stock.

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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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