Mobileiron Inc (NASDAQ:MOBL) CEO Sells $281,806.25 in Stock

Mobileiron Inc (NASDAQ:MOBL) CEO Simon Biddiscombe sold 45,089 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $6.25, for a total value of $281,806.25. Following the completion of the transaction, the chief executive officer now directly owns 1,371,601 shares in the company, valued at $8,572,506.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Simon Biddiscombe also recently made the following trade(s):

  • On Monday, July 1st, Simon Biddiscombe sold 52,496 shares of Mobileiron stock. The stock was sold at an average price of $6.29, for a total value of $330,199.84.

NASDAQ:MOBL traded up $0.22 on Friday, reaching $6.51. 1,503,804 shares of the company’s stock traded hands, compared to its average volume of 992,276. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.40 and a current ratio of 1.40. The stock’s 50-day moving average is $5.88. The stock has a market capitalization of $707.78 million, a price-to-earnings ratio of -15.50 and a beta of 1.70. Mobileiron Inc has a 12 month low of $3.98 and a 12 month high of $6.58.

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

A number of equities analysts recently commented on the company. Northland Securities assumed coverage on Enphase Energy in a report on Wednesday, June 26th. They issued an “outperform” rating and a $24.00 target price on the stock. Zacks Investment Research cut Green Plains from a “hold” rating to a “strong sell” rating in a report on Thursday, June 27th. BidaskClub raised Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. Finally, ValuEngine raised ZIX from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 4th.

Several institutional investors have recently modified their holdings of the company. First Trust Advisors LP purchased a new position in shares of Mobileiron during the first quarter valued at about $2,102,000. Cooper Creek Partners Management LLC purchased a new position in Mobileiron in the first quarter worth about $3,282,000. Formula Growth Ltd. grew its position in Mobileiron by 2.0% in the first quarter. Formula Growth Ltd. now owns 1,300,000 shares of the software maker’s stock worth $7,111,000 after acquiring an additional 25,000 shares in the last quarter. S Squared Technology LLC grew its position in Mobileiron by 9.9% in the first quarter. S Squared Technology LLC now owns 553,778 shares of the software maker’s stock worth $3,029,000 after acquiring an additional 50,000 shares in the last quarter. Finally, ACK Asset Management LLC grew its position in Mobileiron by 92.2% in the first quarter. ACK Asset Management LLC now owns 2,056,700 shares of the software maker’s stock worth $10,130,000 after acquiring an additional 986,700 shares in the last quarter. Hedge funds and other institutional investors own 62.12% of the company’s stock.

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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