MobileIron, Inc. (NASDAQ:MOBL) Position Reduced by North American Management Corp

North American Management Corp lowered its stake in shares of MobileIron, Inc. (NASDAQ:MOBL) by 5.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 88,600 shares of the software maker’s stock after selling 5,000 shares during the period. North American Management Corp’s holdings in MobileIron were worth $536,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the stock. Russell Investments Group Ltd. purchased a new stake in shares of MobileIron during the fourth quarter valued at $292,000. State Street Corp boosted its stake in MobileIron by 2.7% in the fourth quarter. State Street Corp now owns 657,148 shares of the software maker’s stock valued at $2,465,000 after buying an additional 17,291 shares in the last quarter. Renaissance Technologies LLC boosted its stake in MobileIron by 15.5% in the fourth quarter. Renaissance Technologies LLC now owns 913,500 shares of the software maker’s stock valued at $3,426,000 after buying an additional 122,800 shares in the last quarter. A.R.T. Advisors LLC bought a new stake in MobileIron during the fourth quarter valued at approximately $242,000. Finally, Putnam Investments LLC boosted its stake in MobileIron by 1.3% in the fourth quarter. Putnam Investments LLC now owns 180,454 shares of the software maker’s stock valued at $677,000 after buying an additional 2,373 shares in the last quarter. 52.76% of the stock is owned by institutional investors and hedge funds.

Shares of MobileIron, Inc. (NASDAQ:MOBL) remained flat at $6.05 on Monday. The stock had a trading volume of 700,390 shares. The firm’s 50-day moving average price is $5.74 and its 200-day moving average price is $4.74. The firm’s market capitalization is $451.62 million. MobileIron, Inc. has a one year low of $2.56 and a one year high of $6.78.

MobileIron (NASDAQ:MOBL) last released its quarterly earnings results on Thursday, April 27th. The software maker reported ($0.13) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.05. The business had revenue of $42.29 million during the quarter, compared to analyst estimates of $41.88 million. MobileIron had a negative net margin of 36.01% and a negative return on equity of 132.95%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.13) earnings per share. Equities analysts anticipate that MobileIron, Inc. will post ($0.18) EPS for the current year.

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Several research firms have recently commented on MOBL. Northland Securities reaffirmed a “buy” rating and issued a $7.00 target price on shares of MobileIron in a research report on Friday. ValuEngine raised shares of MobileIron from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Benchmark Co. began coverage on shares of MobileIron in a research report on Tuesday, April 25th. They issued a “buy” rating and a $7.00 target price for the company. Finally, Zacks Investment Research cut shares of MobileIron from a “buy” rating to a “hold” rating in a research report on Wednesday, April 12th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $5.32.

In other MobileIron news, Director Aaref Hilaly sold 39,345 shares of the stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $4.25, for a total transaction of $167,216.25. Following the completion of the sale, the director now directly owns 68,424 shares of the company’s stock, valued at $290,802. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Sc Xii Management Llc sold 500,000 shares of the stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $5.10, for a total transaction of $2,550,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 638,604 shares of company stock valued at $3,251,838. Insiders own 31.70% of the company’s stock.

MobileIron Company Profile

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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Institutional Ownership by Quarter for MobileIron (NASDAQ:MOBL)

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