ETF Managers Group LLC grew its holdings in Mobileiron Inc (NASDAQ:MOBL) by 25.7% in the 1st quarter, HoldingsChannel reports. The fund owned 1,742,227 shares of the software maker’s stock after buying an additional 355,979 shares during the period. ETF Managers Group LLC’s holdings in Mobileiron were worth $9,530,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Quantamental Technologies LLC raised its stake in shares of Mobileiron by 78.7% in the first quarter. Quantamental Technologies LLC now owns 8,400 shares of the software maker’s stock worth $46,000 after purchasing an additional 3,700 shares during the last quarter. Amalgamated Bank purchased a new position in shares of Mobileiron in the fourth quarter worth about $50,000. GSA Capital Partners LLP purchased a new position in shares of Mobileiron in the fourth quarter worth about $68,000. BNP Paribas Arbitrage SA raised its position in Mobileiron by 2,038.2% during the first quarter. BNP Paribas Arbitrage SA now owns 16,272 shares of the software maker’s stock valued at $89,000 after acquiring an additional 15,511 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its position in Mobileiron by 290.3% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 21,024 shares of the software maker’s stock valued at $97,000 after acquiring an additional 15,637 shares in the last quarter. 57.07% of the stock is owned by institutional investors and hedge funds.
Shares of MOBL stock opened at $5.58 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market cap of $606.67 million, a P/E ratio of -13.29 and a beta of 1.78. Mobileiron Inc has a twelve month low of $3.98 and a twelve month high of $6.58.
In other Mobileiron news, VP Sohail M. Parekh sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $6.09, for a total value of $60,900.00. Following the sale, the vice president now directly owns 557,080 shares of the company’s stock, valued at $3,392,617.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Leslie Stretch acquired 11,950 shares of the company’s stock in a transaction on Friday, March 15th. The stock was acquired at an average cost of $5.01 per share, for a total transaction of $59,869.50. Following the completion of the acquisition, the director now owns 22,228 shares of the company’s stock, valued at approximately $111,362.28. The disclosure for this purchase can be found here. Over the last three months, insiders sold 65,449 shares of company stock worth $390,640. 13.48% of the stock is owned by corporate insiders.
Several research analysts recently weighed in on MOBL shares. Zacks Investment Research cut Mobileiron from a “buy” rating to a “hold” rating in a research report on Friday, February 8th. BidaskClub cut Mobileiron from a “buy” rating to a “hold” rating in a research report on Thursday, May 9th. Finally, Northland Securities reiterated a “buy” rating and set a $6.50 price target on shares of Mobileiron in a research report on Thursday, April 11th.
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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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