Mobileiron Inc (MOBL) VP Sohail M. Parekh Sells 25,449 Shares

Mobileiron Inc (NASDAQ:MOBL) VP Sohail M. Parekh sold 25,449 shares of Mobileiron stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $5.99, for a total value of $152,439.51. Following the completion of the transaction, the vice president now directly owns 557,080 shares in the company, valued at $3,336,909.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

NASDAQ:MOBL traded up $0.01 during midday trading on Thursday, reaching $5.62. 403,700 shares of the company traded hands, compared to its average volume of 759,321. Mobileiron Inc has a twelve month low of $3.98 and a twelve month high of $6.58. The firm has a market capitalization of $609.92 million, a P/E ratio of -13.38 and a beta of 1.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.40 and a quick ratio of 1.40.

Mobileiron (NASDAQ:MOBL) last announced its quarterly earnings results on Thursday, April 25th. The software maker reported ($0.15) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.01). Mobileiron had a negative return on equity of 80.43% and a negative net margin of 22.17%. The business had revenue of $48.10 million for the quarter, compared to analyst estimates of $48.10 million. During the same quarter last year, the firm posted ($0.06) EPS. The company’s revenue was up 10.1% compared to the same quarter last year. Research analysts anticipate that Mobileiron Inc will post -0.39 EPS for the current fiscal year.

Several equities analysts have recently weighed in on MOBL shares. Zacks Investment Research lowered Mobileiron from a “buy” rating to a “hold” rating in a research note on Friday, February 8th. BidaskClub downgraded Mobileiron from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. Finally, Northland Securities reiterated a “buy” rating and set a $6.50 target price on shares of Mobileiron in a report on Thursday, April 11th.

Hedge funds have recently made changes to their positions in the business. Federated Investors Inc. PA raised its position in shares of Mobileiron by 66,867.7% during the first quarter. Federated Investors Inc. PA now owns 2,003,004 shares of the software maker’s stock worth $10,957,000 after purchasing an additional 2,000,013 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Mobileiron by 72.5% during the first quarter. The Manufacturers Life Insurance Company now owns 2,378,861 shares of the software maker’s stock worth $13,012,000 after purchasing an additional 999,879 shares during the period. ACK Asset Management LLC raised its position in shares of Mobileiron by 92.2% during the first quarter. ACK Asset Management LLC now owns 2,056,700 shares of the software maker’s stock worth $10,130,000 after purchasing an additional 986,700 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Mobileiron by 426.1% during the first quarter. Assenagon Asset Management S.A. now owns 1,113,749 shares of the software maker’s stock worth $6,092,000 after purchasing an additional 902,054 shares during the period. Finally, Legal & General Group Plc raised its position in shares of Mobileiron by 38.4% during the third quarter. Legal & General Group Plc now owns 2,218,021 shares of the software maker’s stock worth $11,756,000 after purchasing an additional 615,148 shares during the period. Institutional investors own 62.12% of the company’s stock.

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About Mobileiron

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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