Mobileiron (NASDAQ:MOBL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research 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. Roth Capital started coverage on Mobileiron in a research report on Wednesday, January 17th. They set a “buy” rating and a $7.00 target price for the company. Raymond James Financial reiterated a “market perform” rating on shares of Mobileiron in a research report on Wednesday, October 18th. UBS Group downgraded Mobileiron from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 18th. Northland Securities set a $5.00 target price on Mobileiron and gave the company a “buy” rating in a research report on Wednesday, October 18th. Finally, 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 report on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Mobileiron has an average rating of “Hold” and a consensus price target of $5.60.

Shares of Mobileiron (NASDAQ MOBL) opened at $4.50 on Wednesday. The firm has a market capitalization of $432.26 and a price-to-earnings ratio of -7.03. Mobileiron has a 1 year low of $3.20 and a 1 year high of $6.78.

In related news, VP Daniel C. Fields sold 14,404 shares of the company’s stock in a transaction 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 sale, the vice president now directly owns 356,250 shares in the company, valued at approximately $1,389,375. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Daniel C. Fields sold 17,890 shares of the company’s stock in a transaction 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 sale, 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. 31.70% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the stock. ETF Managers Group LLC bought a new stake in shares of Mobileiron during the 2nd quarter worth $19,387,000. Vanguard Group Inc. lifted its position in shares of Mobileiron by 13.0% during the 2nd quarter. Vanguard Group Inc. now owns 2,968,465 shares of the software maker’s stock worth $17,960,000 after buying an additional 340,924 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Mobileiron by 143.7% during the 2nd quarter. Renaissance Technologies LLC now owns 2,741,600 shares of the software maker’s stock worth $16,587,000 after buying an additional 1,616,600 shares during the last quarter. FMR LLC lifted its position in shares of Mobileiron by 973.7% during the 2nd quarter. FMR LLC now owns 1,347,500 shares of the software maker’s stock worth $8,152,000 after buying an additional 1,222,000 shares during the last quarter. Finally, Whetstone Capital Advisors LLC lifted its position in shares of Mobileiron by 383.5% during the 3rd quarter. Whetstone Capital Advisors LLC now owns 1,025,160 shares of the software maker’s stock worth $3,793,000 after buying an additional 813,135 shares during the last quarter. Institutional investors and hedge funds own 51.06% 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.

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