Ventures Fund Lp Storm III Sells 1,300,000 Shares of Mobileiron Inc (NASDAQ:MOBL) Stock

Mobileiron Inc (NASDAQ:MOBL) major shareholder Ventures Fund Lp Storm III sold 1,300,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $6.74, for a total transaction of $8,762,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

MOBL opened at $6.83 on Friday. The stock has a market capitalization of $729.52 million, a P/E ratio of -16.26 and a beta of 1.70. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.31 and a quick ratio of 1.40. The stock has a 50-day simple moving average of $6.45. Mobileiron Inc has a twelve month low of $3.98 and a twelve month high of $7.42.

Mobileiron (NASDAQ:MOBL) last posted its earnings results on Thursday, August 1st. The software maker reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.10. The firm had revenue of $50.87 million during the quarter, compared to the consensus estimate of $50.66 million. Mobileiron had a negative net margin of 23.43% and a negative return on equity of 89.20%. The company’s revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.04) earnings per share. On average, research analysts expect that Mobileiron Inc will post -0.39 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Mobileiron by 5.9% in the fourth quarter. BlackRock Inc. now owns 5,404,353 shares of the software maker’s stock worth $24,807,000 after purchasing an additional 301,014 shares in the last quarter. ACK Asset Management LLC increased its stake in shares of Mobileiron by 92.2% in the first quarter. ACK Asset Management LLC now owns 2,056,700 shares of the software maker’s stock worth $10,130,000 after purchasing an additional 986,700 shares in the last quarter. Federated Investors Inc. PA increased its stake in shares of Mobileiron by 66,867.7% in the first quarter. Federated Investors Inc. PA now owns 2,003,004 shares of the software maker’s stock worth $10,957,000 after purchasing an additional 2,000,013 shares in the last quarter. Cowen Prime Services LLC increased its stake in shares of Mobileiron by 3.1% in the second quarter. Cowen Prime Services LLC now owns 1,814,600 shares of the software maker’s stock worth $11,251,000 after purchasing an additional 55,200 shares in the last quarter. Finally, ETF Managers Group LLC boosted its position in shares of Mobileiron by 25.7% in the first quarter. ETF Managers Group LLC now owns 1,742,227 shares of the software maker’s stock valued at $9,530,000 after acquiring an additional 355,979 shares during the period. Hedge funds and other institutional investors own 58.22% of the company’s stock.

A number of analysts recently issued reports on MOBL shares. ValuEngine upgraded shares of Mobileiron from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 4th. Northland Securities restated a “buy” rating and set a $9.00 price objective on shares of Mobileiron in a report on Friday, August 2nd. Zacks Investment Research upgraded shares of Mobileiron from a “sell” rating to a “hold” rating in a report on Thursday, June 27th. BidaskClub upgraded shares of Mobileiron from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. Finally, Morgan Stanley raised their price objective on shares of Mobileiron from $5.00 to $8.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $8.44.

Mobileiron Company Profile

MobileIron, Inc, together with its subsidiaries, provides mobile IT platform that enables enterprises to manage and secure mobile applications, content, and devices while offering their employees with device choice, privacy, and a native user experience worldwide. It offers MobileIron security platform, which includes MobileIron unified endpoint management, a comprehensive security platform that provides the fundamental visibility and IT controls to secure, manage, and monitor various corporate or employee-owned mobile devices or desktops that access business-critical data; MobileIron Access to block untrusted devices and apps from accessing cloud services based on security posture and compliance, as well as provide single sign-on and multifactor authentication for applications on the device; and MobileIron Tunnel that provides secure connectivity through a per-app VPN to connect applications to back-end services.

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Insider Buying and Selling by Quarter for Mobileiron (NASDAQ:MOBL)

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