Other equities research analysts have also recently issued research reports about the stock. Craig Hallum started coverage on shares of Mobileiron in a report on Wednesday, July 24th. They set a buy rating and a $11.00 target price on the stock. Morgan Stanley upped their price target 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. Zacks Investment Research raised shares of Mobileiron from a hold rating to a strong-buy rating and set a $7.75 price target on the stock in a report on Tuesday, August 13th. Finally, Northland Securities reaffirmed a buy rating and issued a $9.00 price target on shares of Mobileiron in a report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company’s stock. Mobileiron has a consensus rating of Buy and a consensus target price of $8.94.
MOBL stock traded down $0.07 during midday trading on Thursday, reaching $7.52. 1,134,172 shares of the company’s stock traded hands, compared to its average volume of 872,790. The company has a 50-day moving average price of $6.95 and a two-hundred day moving average price of $5.95. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.31 and a current ratio of 1.31. Mobileiron has a 52 week low of $3.98 and a 52 week high of $7.72. The firm has a market capitalization of $789.32 million, a PE ratio of -17.90 and a beta of 1.59.
In other news, CEO Simon Biddiscombe sold 45,089 shares of the company’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $6.25, for a total value of $281,806.25. Following the transaction, the chief executive officer now owns 1,371,601 shares of the company’s stock, valued at $8,572,506.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Ventures Fund Lp Storm III sold 1,300,000 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $6.74, for a total transaction of $8,762,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,230,912 shares of company stock worth $15,007,297. Insiders own 13.48% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Aperio Group LLC purchased a new stake in shares of Mobileiron in the 2nd quarter worth about $41,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Mobileiron by 519.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,091 shares of the software maker’s stock valued at $50,000 after acquiring an additional 6,785 shares during the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in Mobileiron in the 1st quarter valued at about $57,000. United Services Automobile Association acquired a new stake in Mobileiron in the 2nd quarter valued at about $68,000. Finally, Trexquant Investment LP acquired a new stake in Mobileiron in the 2nd quarter valued at about $69,000. 61.72% of the stock is currently owned by institutional investors and hedge funds.
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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