United Services Automobile Association acquired a new position in shares of Mobileiron Inc (NASDAQ:MOBL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,974 shares of the software maker’s stock, valued at approximately $68,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of Mobileiron by 23.6% in the second quarter. BlackRock Inc. now owns 6,495,198 shares of the software maker’s stock valued at $40,270,000 after acquiring an additional 1,239,866 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Mobileiron by 271.0% during the second quarter. Wells Fargo & Company MN now owns 1,288,377 shares of the software maker’s stock valued at $7,988,000 after purchasing an additional 941,078 shares during the period. Nuveen Asset Management LLC bought a new position in Mobileiron during the second quarter valued at $4,572,000. Renaissance Technologies LLC grew its holdings in Mobileiron by 25.0% during the second quarter. Renaissance Technologies LLC now owns 3,442,940 shares of the software maker’s stock valued at $21,346,000 after purchasing an additional 687,700 shares during the period. Finally, Allianz Asset Management GmbH bought a new position in Mobileiron during the second quarter valued at $3,549,000. 62.51% of the stock is owned by hedge funds and other institutional investors.
NASDAQ MOBL traded down $0.12 during mid-day trading on Friday, reaching $4.76. The stock had a trading volume of 1,034,000 shares, compared to its average volume of 908,368. Mobileiron Inc has a 1 year low of $4.11 and a 1 year high of $7.79. The company has a fifty day moving average price of $6.20 and a 200 day moving average price of $6.27. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.34 and a quick ratio of 1.31. The stock has a market cap of $532.74 million, a PE ratio of -11.33 and a beta of 1.59.
Mobileiron (NASDAQ:MOBL) last issued its quarterly earnings data on Thursday, October 31st. The software maker reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). The business had revenue of $52.20 million for the quarter, compared to the consensus estimate of $52.65 million. Mobileiron had a negative net margin of 23.43% and a negative return on equity of 100.03%. The company’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.02 EPS. As a group, equities research analysts expect that Mobileiron Inc will post -0.35 earnings per share for the current year.
Several equities analysts have weighed in on the company. BidaskClub lowered Mobileiron from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 22nd. ValuEngine cut Mobileiron from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Morgan Stanley raised their price objective on Mobileiron from $5.00 to $8.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Craig Hallum started coverage on Mobileiron in a research note on Wednesday, July 24th. They set a “buy” rating and a $11.00 price objective on the stock. Finally, Northland Securities reissued a “buy” rating on shares of Mobileiron in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $8.81.
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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