MobileIron (NASDAQ:MOBL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “MobileIron, Inc. is engaged in providing security and management solutions for mobile applications, content, and devices. The Company provides software tools for device management, activity intelligence, and security. MobileIron offers multi-OS mobile device management software, mobile application management, Wireless Expense Management, Enterprise Mobility, Mobile Device Security and Bring-Your-Own-Device privacy controls, MobileIron Virtual Smartphone Platform. It serves financial services, government, healthcare, legal, manufacturing, professional services, retail, technology, and telecommunications industries in the United States and internationally. MobileIron, Inc. is headquartered in Mountain View, California. “

MOBL has been the subject of a number of other reports. Northland Securities set a $5.00 price target on shares of MobileIron and gave the stock a “buy” rating in a research note 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 note on Wednesday, October 18th. UBS cut shares of MobileIron from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 18th. Raymond James Financial reaffirmed a “market perform” rating on shares of MobileIron in a research note on Wednesday, October 18th. Finally, ValuEngine cut shares of MobileIron from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $5.30.

MobileIron (NASDAQ:MOBL) opened at $3.85 on Wednesday. MobileIron has a 52 week low of $3.20 and a 52 week high of $6.78.

MobileIron (NASDAQ:MOBL) last released its quarterly earnings results on Tuesday, October 31st. The software maker reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). MobileIron had a negative return on equity of 164.43% and a negative net margin of 33.88%. The firm had revenue of $42.72 million for the quarter, compared to analysts’ expectations of $42.69 million. During the same period in the prior year, the firm posted ($0.07) earnings per share. MobileIron’s revenue for the quarter was up 2.8% on a year-over-year basis. sell-side analysts anticipate that MobileIron will post -0.61 earnings per share for the current fiscal year.

In related news, VP Daniel C. Fields sold 14,404 shares of MobileIron stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $3.90, for a total transaction of $56,175.60. Following the completion of the sale, the vice president now owns 356,250 shares in the company, valued at approximately $1,389,375. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Daniel C. Fields sold 17,890 shares of MobileIron stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $3.89, for a total transaction of $69,592.10. Following the sale, the vice president now owns 344,765 shares of the company’s stock, valued at approximately $1,341,135.85. The disclosure for this sale can be found here. Company insiders own 31.70% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC bought a new stake in MobileIron during the 3rd quarter valued at about $162,000. Whetstone Capital Advisors LLC lifted its holdings in MobileIron by 383.5% during the 3rd quarter. Whetstone Capital Advisors LLC now owns 1,025,160 shares of the software maker’s stock valued at $3,793,000 after buying an additional 813,135 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in MobileIron by 23.6% during the 3rd quarter. Allianz Asset Management GmbH now owns 475,329 shares of the software maker’s stock valued at $1,759,000 after buying an additional 90,907 shares in the last quarter. OxFORD Asset Management LLP lifted its holdings in MobileIron by 80.7% during the 3rd quarter. OxFORD Asset Management LLP now owns 145,853 shares of the software maker’s stock valued at $540,000 after buying an additional 65,138 shares in the last quarter. Finally, Formula Growth Ltd. lifted its holdings in MobileIron by 100.0% during the 3rd quarter. Formula Growth Ltd. now owns 650,000 shares of the software maker’s stock valued at $2,405,000 after buying an additional 325,000 shares in the last quarter. Institutional investors own 51.15% of the company’s stock.

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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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