Sei Investments Co. Takes Position in Mobileiron Inc (MOBL)

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Sei Investments Co. bought a new position in Mobileiron Inc (NASDAQ:MOBL) during the 1st quarter, HoldingsChannel.com reports. The fund bought 122,192 shares of the software maker’s stock, valued at approximately $605,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Prudential Financial Inc. bought a new stake in shares of Mobileiron in the first quarter worth about $107,000. SG Americas Securities LLC bought a new stake in shares of Mobileiron in the fourth quarter worth about $135,000. Slow Capital Inc. bought a new stake in shares of Mobileiron in the fourth quarter worth about $140,000. Citigroup Inc. grew its stake in shares of Mobileiron by 452.6% in the first quarter. Citigroup Inc. now owns 54,573 shares of the software maker’s stock worth $270,000 after purchasing an additional 44,698 shares during the last quarter. Finally, ClariVest Asset Management LLC bought a new stake in shares of Mobileiron in the first quarter worth about $282,000. 51.40% of the stock is currently owned by institutional investors.

Mobileiron opened at $4.45 on Monday, according to Marketbeat Ratings. The stock has a market capitalization of $447.83 million, a P/E ratio of -7.81 and a beta of 2.29. Mobileiron Inc has a 1 year low of $3.20 and a 1 year high of $6.55.

Mobileiron (NASDAQ:MOBL) last posted its quarterly earnings data on Thursday, April 26th. The software maker reported ($0.06) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.01. The business had revenue of $43.69 million for the quarter, compared to analysts’ expectations of $43.78 million. Mobileiron had a negative return on equity of 172.10% and a negative net margin of 33.64%. The business’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.06) EPS. analysts predict that Mobileiron Inc will post -0.53 EPS for the current fiscal year.

Several analysts recently issued reports on the company. BidaskClub cut Mobileiron from a “buy” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research cut Mobileiron from a “hold” rating to a “sell” rating in a research note on Friday. Finally, ValuEngine raised Mobileiron from a “hold” rating to a “buy” rating in a research note on Wednesday, June 13th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $6.05.

Mobileiron Company Profile

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.

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Institutional Ownership by Quarter for Mobileiron (NASDAQ:MOBL)

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