MobileIron, Inc. (MOBL) Short Interest Down 31.6% in July

Bruno Cirelli
Agosto 15, 2017

Sterne Agee CRT initiated Mobileiron Inc (NASDAQ:MOBL) on Tuesday, April 5 with "Buy" rating. MobileIron had 17 analyst reports since July 31, 2015 according to SRatingsIntel.

MobileIron (NASDAQ:MOBL) last released its quarterly earnings data on Thursday, July 27th. Equities analysts anticipate that MobileIron will post ($0.19) earnings per share for the current fiscal year. The legal version of this news story can be viewed at The software maker reported ($0.08) earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.16) by $0.08. The firm had revenue of $42.65 million for the quarter, compared to the consensus estimate of $43.44 million. MobileIron had a negative return on equity of 136.81% and a negative net margin of 32.67%. MobileIron's revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter previous year, the company posted ($0.14) EPS.

Other equities research analysts have also issued research reports about the company. Benchmark Co. started coverage on shares of MobileIron in a research note on Tuesday, April 25th. They presently have a $7.00 price objective on the software maker's stock. MobileIron has an average rating of "Hold" and a consensus target price of $5.28. Northland Securities reissued a "buy" rating and issued a $7.00 target price on shares of MobileIron in a research report on Friday, July 14th. ValuEngine raised MobileIron from a "sell" rating to a "hold" rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The company now has a consensus rating of Hold and a consensus target price of $5.28. "(MOBL) Will Announce Quarterly Sales of $45.13 Million" was published by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of worldwide copyright laws.

In other news, major shareholder Sc Xii Management Llc sold 500,000 shares of the firm's stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $5.10, for a total transaction of $77,178.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Aaref Hilaly sold 15,133 shares of MobileIron stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $5.10, for a total value of $2,550,000.00. Following the completion of the sale, the director now directly owns 68,424 shares in the company, valued at $348,962.40. The disclosure for this sale can be found here. Insiders have sold a total of 562,147 shares of company stock valued at $2,893,567 in the last quarter.

Hedge funds have recently modified their holdings of the company. Formula Growth Ltd. bought a new stake in shares of MobileIron during the first quarter worth approximately $3,114,000. Following the completion of the sale, the vice president now owns 287,236 shares of the company's stock, valued at $1,818,203.88. American International Group Inc. increased its stake in shares of MobileIron by 7.1% in the first quarter. State Street Corp now owns 657,148 shares of the software maker's stock worth $2,465,000 after buying an additional 17,291 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of MobileIron by 320.7% in the first quarter. The company showed volatility of 5.30% over the past week and moving out to look at the previous month volatility move, the stock is at 6.18%. FMR LLC raised its stake in shares of MobileIron by 973.7% in the second quarter. FMR LLC now owns 1,347,500 shares of the software maker's stock valued at $8,152,000 after buying an additional 1,222,000 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of MobileIron by 143.7% in the second quarter. Institutional investors and hedge funds own 49.59% of the company's stock.

MobileIron (MOBL) traded up 1.28% during midday trading on Friday, hitting $3.95. The stock built a change of 1.28% as of a recent closing trading date. The company's market capitalization is $302.32 million. The stock's 50 day moving average price is $5.47 and its 200-day moving average price is $5.00. The "percentage off the 52-week high or low" refers to when a stock current price is relative to where it has traded over the last 52 weeks.

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