Schwab Charles Investment Management Inc. held its position in MobileIron, Inc. (NASDAQ:MOBL) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 92,736 shares of the software maker’s stock at the close of the second quarter. Schwab Charles Investment Management Inc. owned approximately 0.12% of MobileIron worth $562,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE grew its stake in shares of MobileIron by 0.5% during 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 last quarter. American International Group Inc. grew its stake in shares of MobileIron by 7.1% during 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 last quarter. Goldman Sachs Group Inc. grew its stake in shares of MobileIron by 3.8% during 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 last quarter. Russell Investments Group Ltd. grew its stake in shares of MobileIron by 12.0% during 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 last quarter. Finally, Swiss National Bank grew its stake in shares of MobileIron by 32.9% during the first quarter. Swiss National Bank now owns 56,500 shares of the software maker’s stock valued at $246,000 after buying an additional 14,000 shares during the last quarter. 54.94% of the stock is currently owned by hedge funds and other institutional investors.

In related news, VP Daniel C. Fields sold 15,600 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $3.75, for a total value of $58,500.00. Following the transaction, the vice president now owns 423,037 shares of the company’s stock, valued at $1,586,388.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Daniel C. Fields sold 52,383 shares of the stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $3.77, for a total value of $197,483.91. Following the completion of the transaction, the vice president now directly owns 423,037 shares in the company, valued at approximately $1,594,849.49. The disclosure for this sale can be found here. 31.70% of the stock is owned by corporate insiders.

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MobileIron, Inc. (MOBL) opened at $4.05 on Friday.

MobileIron (NASDAQ:MOBL) last announced its quarterly earnings data on Tuesday, October 31st. The software maker reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.03). MobileIron had a negative return on equity of 149.15% and a negative net margin of 33.88%. The firm had revenue of $42.72 million during the quarter, compared to the consensus estimate of $42.69 million. During the same period last year, the company earned ($0.07) EPS. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. analysts forecast that MobileIron, Inc. will post -0.63 EPS for the current fiscal year.

A number of research analysts have recently commented on MOBL shares. Barclays PLC reaffirmed a “sell” rating and set a $5.00 target price on shares of MobileIron in a research note on Wednesday, July 19th. Northland Securities reaffirmed a “buy” rating and set a $7.00 target price on shares of MobileIron in a research note on Friday, July 14th. BidaskClub cut MobileIron from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of MobileIron in a research note on Wednesday, October 18th. Finally, Imperial Capital cut MobileIron from an “outperform” rating to an “in-line” rating and cut their target price for the company from $5.50 to $4.00 in a research note on Wednesday, October 18th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $5.30.

MobileIron 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.

Institutional Ownership by Quarter for MobileIron (NASDAQ:MOBL)

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