Insider Selling: MobileIron (MOBL) Director Sells 10,269 Shares of Stock

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MobileIron (NASDAQ:MOBL) Director Aaref Hilaly sold 10,269 shares of the firm’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $4.81, for a total transaction of $49,393.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Aaref Hilaly also recently made the following trade(s):

  • On Monday, March 5th, Aaref Hilaly sold 6,053 shares of MobileIron stock. The stock was sold at an average price of $4.82, for a total transaction of $29,175.46.
  • On Wednesday, March 7th, Aaref Hilaly sold 20,131 shares of MobileIron stock. The stock was sold at an average price of $4.83, for a total transaction of $97,232.73.
  • On Friday, March 2nd, Aaref Hilaly sold 3,961 shares of MobileIron stock. The stock was sold at an average price of $4.88, for a total transaction of $19,329.68.
  • On Wednesday, February 28th, Aaref Hilaly sold 504 shares of MobileIron stock. The stock was sold at an average price of $4.90, for a total transaction of $2,469.60.
  • On Monday, February 26th, Aaref Hilaly sold 7,424 shares of MobileIron stock. The stock was sold at an average price of $4.97, for a total transaction of $36,897.28.
  • On Tuesday, February 20th, Aaref Hilaly sold 7,566 shares of MobileIron stock. The stock was sold at an average price of $5.10, for a total transaction of $38,586.60.
  • On Thursday, February 22nd, Aaref Hilaly sold 9,131 shares of MobileIron stock. The stock was sold at an average price of $5.07, for a total transaction of $46,294.17.

MOBL stock traded down $0.03 during midday trading on Friday, hitting $4.85. 315,609 shares of the stock traded hands, compared to its average volume of 598,984. The firm has a market cap of $502.80, a PE ratio of -8.51 and a beta of 2.33. MobileIron has a 1-year low of $3.20 and a 1-year high of $6.78.

MobileIron (NASDAQ:MOBL) last released its quarterly earnings results on Thursday, February 8th. The software maker reported ($0.07) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.04. MobileIron had a negative net margin of 31.90% and a negative return on equity of 181.27%. The company had revenue of $48.83 million for the quarter, compared to analyst estimates of $46.47 million. research analysts predict that MobileIron will post -0.41 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System grew its position in shares of MobileIron by 4.0% in the second quarter. California State Teachers Retirement System now owns 97,189 shares of the software maker’s stock valued at $588,000 after purchasing an additional 3,700 shares during the period. Voya Investment Management LLC grew its position in shares of MobileIron by 16.0% in the second quarter. Voya Investment Management LLC now owns 31,203 shares of the software maker’s stock valued at $189,000 after purchasing an additional 4,315 shares during the period. New York State Common Retirement Fund grew its position in shares of MobileIron by 20.0% in the second quarter. New York State Common Retirement Fund now owns 42,600 shares of the software maker’s stock valued at $258,000 after purchasing an additional 7,099 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of MobileIron by 19.9% in the second quarter. The Manufacturers Life Insurance Company now owns 46,260 shares of the software maker’s stock valued at $279,000 after purchasing an additional 7,690 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of MobileIron by 48.7% in the second quarter. Wells Fargo & Company MN now owns 55,485 shares of the software maker’s stock valued at $336,000 after purchasing an additional 18,168 shares during the period. Institutional investors and hedge funds own 46.24% of the company’s stock.

A number of analysts have recently weighed in on MOBL shares. BidaskClub upgraded shares of MobileIron from a “hold” rating to a “buy” rating in a research note on Saturday, March 24th. Zacks Investment Research upgraded shares of MobileIron from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Northland Securities set a $7.00 price target on shares of MobileIron and gave the company a “buy” rating in a research report on Friday, February 9th. Roth Capital started coverage on shares of MobileIron in a research report on Wednesday, January 17th. They set a “buy” rating and a $7.00 price target on the stock. Finally, ValuEngine upgraded shares of MobileIron from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $6.35.

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About MobileIron

MobileIron, Inc provides a purpose-built 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 in the United States and internationally. The company offers MobileIron platform, a government-grade security platform, which combines cloud security, unified endpoint management, secure connectivity, and threat intelligence into an integrated solution designed to protect business data in order to deliver enterprise services to users.

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

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