Mobileiron (MOBL) Sees Strong Trading Volume
Shares of Mobileiron Inc (NASDAQ:MOBL) saw unusually-strong trading volume on Friday . Approximately 1,963,996 shares were traded during trading, an increase of 317% from the previous session’s volume of 470,500 shares.The stock last traded at $4.80 and had previously closed at $4.00.
Several analysts have weighed in on MOBL shares. UBS Group cut Mobileiron from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 18th. Raymond James Financial reissued a “market perform” rating on shares of Mobileiron in a report on Wednesday, October 18th. Imperial Capital cut Mobileiron from an “outperform” rating to an “in-line” rating and dropped their price objective for the stock from $5.50 to $4.00 in a report on Wednesday, October 18th. Northland Securities set a $5.00 price objective on Mobileiron and gave the stock a “buy” rating in a report on Wednesday, October 18th. Finally, Zacks Investment Research cut Mobileiron from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Mobileiron has an average rating of “Hold” and an average price target of $6.00.
The stock has a market capitalization of $384.23, a P/E ratio of -8.00 and a beta of 2.69.
Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Mobileiron by 13.0% in the 2nd quarter. Vanguard Group Inc. now owns 2,968,465 shares of the software maker’s stock valued at $17,960,000 after acquiring an additional 340,924 shares during the last quarter. BlackRock Inc. increased its stake in shares of Mobileiron by 1.6% in the 4th quarter. BlackRock Inc. now owns 2,893,466 shares of the software maker’s stock valued at $11,284,000 after acquiring an additional 46,183 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Mobileiron by 143.7% in the 2nd quarter. Renaissance Technologies LLC now owns 2,741,600 shares of the software maker’s stock valued at $16,587,000 after acquiring an additional 1,616,600 shares during the last quarter. FMR LLC increased its stake in shares of Mobileiron by 973.7% in the 2nd quarter. FMR LLC now owns 1,347,500 shares of the software maker’s stock valued at $8,152,000 after acquiring an additional 1,222,000 shares during the last quarter. Finally, Whetstone Capital Advisors LLC increased its stake in shares of Mobileiron by 383.5% in the 3rd quarter. Whetstone Capital Advisors LLC now owns 1,025,160 shares of the software maker’s stock valued at $3,793,000 after acquiring an additional 813,135 shares during the last quarter. 51.76% of the stock is owned by institutional investors.
TRADEMARK VIOLATION NOTICE: This news story was originally published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this news story on another site, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be accessed at https://theolympiareport.com/2018/02/11/mobileiron-mobl-sees-strong-trading-volume.html.
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.
Receive News & Ratings for Mobileiron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mobileiron and related companies with MarketBeat.com's FREE daily email newsletter.