Mobileiron (NASDAQ:MOBL)‘s stock had its “hold” rating restated by analysts at Northland Securities in a note issued to investors on Thursday, The Fly reports. They presently have a $6.00 price target on the software maker’s stock, up from their previous price target of $5.00. Northland Securities’ target price indicates a potential downside of 3.69% from the stock’s current price.

Other analysts also recently issued reports about the company. BidaskClub upgraded Mobileiron from a “hold” rating to a “buy” rating in a research note on Friday, July 24th. Zacks Investment Research upgraded Mobileiron from a “hold” rating to a “buy” rating and set a $5.25 target price for the company in a research note on Friday, May 1st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Mobileiron currently has an average rating of “Buy” and a consensus target price of $6.42.

NASDAQ:MOBL traded down $0.44 during mid-day trading on Thursday, hitting $6.23. The company had a trading volume of 2,387,717 shares, compared to its average volume of 1,110,963. The business has a fifty day simple moving average of $5.05 and a 200-day simple moving average of $4.55. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24. Mobileiron has a 1 year low of $2.94 and a 1 year high of $7.79.

Mobileiron (NASDAQ:MOBL) last released its quarterly earnings data on Wednesday, July 29th. The software maker reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.07. The company had revenue of $58.93 million for the quarter, compared to analyst estimates of $49.91 million. Mobileiron had a negative return on equity of 96.72% and a negative net margin of 17.37%. The firm’s revenue was up 15.8% compared to the same quarter last year. During the same period last year, the company posted ($0.04) earnings per share. Research analysts predict that Mobileiron will post -0.4 earnings per share for the current fiscal year.

In other Mobileiron news, CEO Simon Biddiscombe sold 105,800 shares of Mobileiron stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $6.93, for a total value of $733,194.00. Following the completion of the transaction, the chief executive officer now directly owns 1,371,863 shares in the company, valued at $9,507,010.59. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Sohail M. Parekh sold 40,000 shares of Mobileiron stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $4.74, for a total value of $189,600.00. Following the completion of the transaction, the vice president now owns 511,232 shares of the company’s stock, valued at $2,423,239.68. The disclosure for this sale can be found here. Insiders sold 153,300 shares of company stock valued at $956,544 over the last quarter. Insiders own 17.30% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Legal & General Group Plc grew its holdings in shares of Mobileiron by 50.6% during the 1st quarter. Legal & General Group Plc now owns 3,362,809 shares of the software maker’s stock valued at $15,715,000 after acquiring an additional 1,130,330 shares in the last quarter. Two Sigma Advisers LP lifted its stake in shares of Mobileiron by 15.4% in the 1st quarter. Two Sigma Advisers LP now owns 1,050,300 shares of the software maker’s stock valued at $3,991,000 after purchasing an additional 139,800 shares during the last quarter. Morgan Stanley lifted its stake in shares of Mobileiron by 565.2% in the 1st quarter. Morgan Stanley now owns 1,784,521 shares of the software maker’s stock valued at $6,782,000 after purchasing an additional 1,516,265 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Mobileiron by 5.0% in the 1st quarter. Alliancebernstein L.P. now owns 113,230 shares of the software maker’s stock valued at $430,000 after purchasing an additional 5,400 shares during the last quarter. Finally, Aperio Group LLC acquired a new stake in shares of Mobileiron in the 1st quarter valued at $67,000. Institutional investors own 66.85% of the company’s stock.

Mobileiron Company Profile

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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