Voya Investment Management LLC Increases Stake in MobileIron, Inc. (MOBL)
Voya Investment Management LLC lifted its position in MobileIron, Inc. (NASDAQ:MOBL) by 16.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,203 shares of the software maker’s stock after acquiring an additional 4,315 shares during the period. Voya Investment Management LLC’s holdings in MobileIron were worth $189,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. American International Group Inc. increased its position in MobileIron by 7.1% during the 1st 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 in the last quarter. UBS Asset Management Americas Inc. purchased a new stake in MobileIron during the 1st quarter valued at $136,000. JPMorgan Chase & Co. boosted its stake in MobileIron by 320.7% during the 1st quarter. JPMorgan Chase & Co. now owns 31,878 shares of the software maker’s stock valued at $139,000 after purchasing an additional 24,301 shares during the last quarter. Metropolitan Life Insurance Co. NY purchased a new stake in MobileIron during the 1st quarter valued at $154,000. Finally, Prudential Financial Inc. boosted its stake in MobileIron by 4.8% during the 2nd 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 during the last quarter. 52.65% of the stock is owned by institutional investors.
Several brokerages have commented on MOBL. BidaskClub downgraded MobileIron from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. ValuEngine downgraded MobileIron from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Imperial Capital downgraded 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. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of MobileIron in a research note on Wednesday, October 18th. Finally, UBS AG downgraded MobileIron from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 18th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. MobileIron presently has a consensus rating of “Hold” and an average target price of $5.30.
Shares of MobileIron, Inc. (MOBL) opened at $3.87 on Wednesday. MobileIron, Inc. has a twelve month low of $3.20 and a twelve month high of $6.78.
MobileIron (NASDAQ:MOBL) last issued its earnings results on Tuesday, October 31st. The software maker reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $42.69 million. During the same period last year, the firm posted ($0.07) earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. research analysts predict that MobileIron, Inc. will post -0.61 EPS for the current fiscal year.
In other MobileIron news, VP Daniel C. Fields sold 52,383 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $3.77, for a total transaction of $197,483.91. Following the sale, the vice president now directly owns 423,037 shares of the company’s stock, valued at $1,594,849.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Daniel C. Fields sold 15,600 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The shares were 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 approximately $1,586,388.75. The disclosure for this sale can be found here. Insiders own 31.70% of the company’s stock.
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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