Institutional Venture Management Xiii Lowers stake in Mobileiron Inc (MOBL)

Mobileiron Inc (MOBL) : Institutional Venture Management Xiii reduced its stake in Mobileiron Inc by 6.38% during the most recent quarter end. The investment management company now holds a total of 1,457,226 shares of Mobileiron Inc which is valued at $4.4 Million after selling 99,352 shares in Mobileiron Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Mobileiron Inc makes up approximately 3.99% of Institutional Venture Management Xiii’s portfolio.

Other Hedge Funds, Including , Geode Capital Management boosted its stake in MOBL in the latest quarter, The investment management firm added 29,062 additional shares and now holds a total of 275,636 shares of Mobileiron Inc which is valued at $840,690.Blackrock Institutional Trust Company N.a. boosted its stake in MOBL in the latest quarter, The investment management firm added 24,350 additional shares and now holds a total of 608,734 shares of Mobileiron Inc which is valued at $1.9 Million.Stoneridge Investment Partners reduced its stake in MOBL by selling 235,696 shares or 54.5% in the most recent quarter. The Hedge Fund company now holds 196,744 shares of MOBL which is valued at $753,530. Mobileiron Inc makes up approx 0.11% of Stoneridge Investment Partners’s portfolio.

Mobileiron Inc (MOBL) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $2.99 and reached the intraday high at $3.07. The bulls started the profit booking and pushed the shares to intraday low of $2.95. The trading session was marked by a volume range of 1,67,289 shares exchanging hands. The 52-week high of the shares is $7.1 and the 52-week low is $2.78. The market cap of the company stands at $252 M and there are 8,50,97,579 shares in public circulation.

On the company’s financial health, Mobileiron Inc reported $-0.13 EPS for the quarter, based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus estimate of $-0.13. The company had revenue of $38.00 million for the quarter, compared to analysts expectations of $38.99 million. The company’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.21 EPS.

Many Wall Street Analysts have commented on Mobileiron Inc. Shares were Reiterated by Imperial Capital on May 12, 2016 to “Outperform” and Lowered the Price Target to $ 4.50 from a previous price target of $5.50 .Shares were Reiterated by Wunderlich on Apr 29, 2016 to “Buy” and Lowered the Price Target to $ 7 from a previous price target of $9 .Mobileiron Inc was Initiated by Sterne Agee CRT to “Buy” on Apr 5, 2016.

MobileIron Inc. formerly Mobile Iron Inc. provides a purpose-built mobile Information Technology (IT) platform for enterprises to secure and manage mobile applications or apps content and devices while providing their employees with device choice privacy and a native user experience. The Company has introduced new products and functionality to address the management and security of mobile applications and content and has extended its solution to a cloud offering to enable deployment flexibility for its customers. The Company’s platform enables four areas of functionality which include Mobile Device Management (MDM) Mobile Application Management (MAM) Mobile Content Management (MCM) and Advanced Services. It focuses on customers of all sizes across a range of industries including financial services government healthcare legal manufacturing professional services retail technology and telecommunications.

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