Mobileiron Inc (NASDAQ:MOBL) Insider Sells $330,199.84 in Stock

Mobileiron Inc (NASDAQ:MOBL) insider Simon Biddiscombe sold 52,496 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $6.29, for a total transaction of $330,199.84. Following the transaction, the insider now directly owns 1,319,105 shares in the company, valued at approximately $8,297,170.45. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

  • On Friday, June 28th, Simon Biddiscombe sold 45,089 shares of Mobileiron stock. The shares were sold at an average price of $6.25, for a total transaction of $281,806.25.

Shares of Mobileiron stock opened at $6.23 on Monday. The company has a market cap of $677.34 million, a price-to-earnings ratio of -14.83 and a beta of 1.70. Mobileiron Inc has a 12-month low of $3.98 and a 12-month high of $6.58. 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 has a fifty day moving average price of $5.70.



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 analysts’ consensus estimates of ($0.14) by ($0.01). The firm had revenue of $48.10 million during the quarter, compared to the consensus estimate of $48.10 million. Mobileiron had a negative return on equity of 80.43% and a negative net margin of 22.17%. Mobileiron’s revenue was up 10.1% on a year-over-year basis. During the same period last year, the business earned ($0.06) EPS. As a group, sell-side analysts expect that Mobileiron Inc will post -0.39 earnings per share for the current year.

MOBL has been the topic of several recent research reports. BidaskClub lowered shares of Mobileiron from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. Northland Securities reissued a “buy” rating and issued a $6.50 price target on shares of Mobileiron in a report on Thursday, April 11th. ValuEngine raised shares of Mobileiron from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 4th. Finally, Zacks Investment Research raised shares of Mobileiron from a “sell” rating to a “hold” rating in a report on Thursday, June 27th.

A number of institutional investors have recently made changes to their positions in MOBL. Quantamental Technologies LLC boosted its stake in shares of Mobileiron by 78.7% during the 1st quarter. Quantamental Technologies LLC now owns 8,400 shares of the software maker’s stock valued at $46,000 after purchasing an additional 3,700 shares in the last quarter. Amalgamated Bank bought a new stake in shares of Mobileiron during the 4th quarter valued at about $50,000. Thompson Siegel & Walmsley LLC bought a new stake in shares of Mobileiron during the 1st quarter valued at about $57,000. GSA Capital Partners LLP bought a new stake in shares of Mobileiron during the 4th quarter valued at about $68,000. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Mobileiron by 2,038.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 16,272 shares of the software maker’s stock valued at $89,000 after purchasing an additional 15,511 shares in the last quarter. 62.12% of the stock is currently owned by institutional investors and hedge funds.

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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